SUBMISSION OF UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025
Awaiting price reaction for this filing.
Interworld Digital Limited reported total income of just ₹1.06 lac in Q3 FY26, down roughly 63% from ₹2.88 lac in Q3 FY25, reflecting a near-collapse in operations. The company posted a loss before tax of ₹6.43 lac for the quarter and ₹18.31 lac for the nine-month period (vs ₹15.76 lac loss in 9M FY25), showing losses are widening. The statutory auditor issued a Qualified Conclusion flagging that the former MD allegedly diverted the entire business and intellectual property to his own entity, statutory dues of ₹1.91 crore have been unpaid since FY 2009-10, ₹55.97 lac of disputed ROC fees remain, and ₹1.47 crore of unquoted investments have no impairment assessment. An Emphasis of Matter was also raised on undisclosed MSME balances and a defaulted Kotak Mahindra vehicle loan of ₹5.35 lac. The company has not paid BSE annual listing fees since 2018-19 and its shares trade on a trade-for-trade basis only.
This is a small, distressed company with persistent losses, a qualified audit opinion, unresolved statutory liabilities, and serious governance concerns stemming from the alleged fraud by its former MD. Shareholders face high risk as the underlying business has been effectively gutted, the stock is thinly traded with restrictions, and there is no clear path to recovery visible in these numbers.