BSEInterworld Digital Ltd-$MediumNeutral
Announced Thu, 13 Nov · 17:26 IST

results

Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeRelated Party TransactionsResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Interworld Digital Ltd submitted its un-audited standalone results for the quarter and half year ended September 30, 2025. Revenue from operations was virtually nil at Rs 0.67 lakh in Q2 FY26 and Rs 2.31 lakh in H1 FY26, sharply lower than Rs 2.88 lakh in Q2 FY25 and Rs 3.68 lakh in H1 FY25. The company reported a loss before tax of Rs 5.99 lakh in Q2 FY26 and Rs 11.88 lakh in H1 FY26, widening from Rs 10.55 lakh in H1 FY25. The statutory auditor (Nemani Garg Agarwal & Co.) issued a qualified conclusion flagging that the past MD had allegedly shifted the entire business and intellectual property to his own entity, leaving the company with no real operations. Additional concerns include Rs 1.91 crore in unpaid statutory dues since FY09-10, non-payment of BSE listing fees since 2018-19 (trading moved to trade-for-trade basis), unresolved investments of Rs 1.47 crore, and a vehicle loan default where the financed vehicle is in possession of the ex-MD. Operating cashflow was negative at Rs (8.76) lakh for H1 FY26 and closing cash balance is only Rs 1.20 lakh.

Likely market impact

This is a near-defunct micro-cap with no real business, persistent losses, negative operating cashflows, a qualified auditor report, and unresolved legacy issues including alleged fraud by the former MD. Shares already trade on a trade-for-trade settlement basis. Highly risky and speculative — existing shareholders face significant dilution and going-concern risk; new investors should avoid.