Interworld Digital Limited has reported defaults on loan payments totaling ₹0.06 crores for the quarter ending March 31, 2026, according to its regulatory disclosure filed with the Bombay Stock Exchange on April 3, 2026.

Financial Position and Default Details

The company's disclosure reveals its current financial obligations and default status as mandated under SEBI Circular No. SEBI/HO/CFD/CMDI/CIR/P/2019/140 dated November 21, 2019.

Loan Portfolio Breakdown

The company's outstanding obligations comprise multiple components, with the primary default stemming from a secured vehicle loan.

Default Circumstances

The default relates specifically to a loan against vehicle obtained from Kotak Mahindra Prime Limited, carrying a sanctioned interest rate of 9.79%. According to the company's disclosure, the vehicle purchased through this loan remains in possession of the past Managing Director, Mr. Man Mohan Gupta.

The company states that Mr. Gupta allegedly shifted the entire business operations, including intellectual property, to other entities. Despite multiple requests from current management to either return the vehicle or settle the outstanding debt, the company reports that cooperation has not been forthcoming.

Regulatory Compliance

The disclosure was signed by Director Peeyush Kumar Aggarwal (DIN: 00090423) and submitted to comply with SEBI's mandatory reporting requirements for defaults exceeding 30 days on loans from banks and financial institutions. The company trades on BSE under scrip code 532072 (INTERDIGI).

Interworld Digital Limited has resubmitted a revised outcome of its independent directors' meeting for Financial Year 2025-26, following the identification of clerical errors in the original submission. The company apologized to the Bombay Stock Exchange for the inadvertent mistakes and assured that such errors would be avoided in future communications.

Meeting Details and Original Compliance

The independent directors' meeting was originally held on March 24, 2026, at 04:00 PM at the company's registered office located at 701, Arunachal Building, 19, Barakhamba Road, Connaught Place, New Delhi-110001. The session was conducted pursuant to Regulation 25(3) of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013.

Key Agenda Items Addressed

The independent directors addressed two primary areas of governance during their meeting:

• Performance Review: Comprehensive evaluation of non-independent directors and assessment of the board's overall effectiveness
• Information Flow Assessment: Analysis of the quality, quantity, and timeliness of information exchange between the company's management and the board

These agenda items align with mandatory requirements for listed companies and demonstrate the company's commitment to maintaining robust governance standards.

Corrective Action and Communication

Company Secretary Shivangi Agarwal communicated the revised outcome to BSE on March 25, 2026, acknowledging that certain clerical errors were observed in the original outcome submission. The company emphasized that these errors were purely inadvertent and unintentional, expressing sincere apologies for any inconvenience caused to the exchange.

Regulatory Significance

The meeting and subsequent revision demonstrate Interworld Digital Limited's commitment to accurate regulatory compliance and transparent communication with stock exchanges. The company operates in the digital cinema sector and maintains its listing on the Bombay Stock Exchange under scrip code 532072 (INTERDIGI). The prompt correction of documentation errors reflects the company's dedication to maintaining high standards of corporate governance and regulatory adherence.