Submission of Annual Secretarial Compliance report for the year ended 31.03.2025
Awaiting price reaction for this filing.
Interworld Digital Limited has submitted its Annual Secretarial Compliance Report to BSE for the financial year ended 31 March 2025, as required under SEBI LODR Regulation 24A. A practicing company secretary reviewed the company's compliance with SEBI regulations, circulars, and the Companies Act. The review found the company broadly compliant on key items including secretarial standards, board performance evaluation, related party transactions (which received shareholder approval), insider trading norms, and no disqualification of directors or auditor resignations. However, one significant non-compliance stands out: the company has not paid its Annual Listing Fees to BSE, which has led to suspension of normal trading on the BSE platform. Trading is currently permitted only on a Trade-for-Trade basis on the first trading day of every week until outstanding fees are cleared. The company attributes this to lack of funds and states it is working to arrange the money soon.
Shareholders should note that the stock remains under trading restrictions on BSE due to unpaid listing fees, indicating ongoing financial stress at the company. This is a repeat non-compliance carried over from previous years, which is a concerning red flag about the company's liquidity and governance discipline.