Interworld Digital Limited reported a net loss of ₹26.05 lakh for the financial year ended March 31, 2026, as the company continues to record zero revenue from operations. The standalone audited financial results, approved by the Board on May 28, 2026, reveal a total loss for the period at ₹26.05 lakh, widening from the previous year's loss of ₹22.24 lakh. The company’s operations have been non-functional due to the alleged fraudulent diversion of its business and intellectual property by a former managing director.

Financial Performance

The company recorded no income from operations for the quarter and year ended March 31, 2026. Total expenses for the year amounted to ₹26.05 lakh, driven primarily by employee benefit expenses of ₹13.42 lakh and other expenses of ₹12.55 lakh. The basic and diluted earnings per share (EPS) for the year stood at a loss of ₹0.01. The paid-up equity share capital remained constant at ₹4,783.77 lakh.

Audit Qualifications and Compliance Issues

M/s Nemani Garg Agarwal & Co., the statutory auditors, issued a qualified opinion in their report. The auditors highlighted that the past Managing Director, Mr. Manmahon Gupta, fraudulently shifted the entire business and intellectual property to his own entity, resulting in no operational revenue. Additionally, the auditors noted that statutory dues, including Service Tax, TDS, and Professional Tax aggregating to ₹1.91 crore, have been outstanding since FY 2009-10, with no provision made for interest or penalties.

The report also pointed out that the company has not provided for estimated credit loss on outstanding debtors amounting to ₹1,303.55 lakh, nor has it disclosed the realizable value of unquoted non-current investments of ₹1.47 crore. The auditors further emphasized that there has been no business revenue or movement in the majority of assets and liabilities for a considerable time.

Defaults and Liabilities

Interworld Digital Limited has disclosed defaults in loan repayments. The company defaulted on the last installment of a vehicle loan from Kotak Mahindra Prime Limited, with an outstanding balance of ₹0.06 crore as on March 31, 2026. The total financial indebtedness, including short-term and long-term debt, stands at ₹1.61 crore. The company also faces a contingent liability regarding differential Registrar of Companies (ROC) fees of ₹55.97 lakh, related to a revision in authorized share capital from ₹21 crore to ₹70 crore during FY 2010-11. A writ petition challenging this fee revision is currently pending in the Delhi High Court.

Board Decisions

During the meeting held on May 28, 2026, the Board reappointed M/s Sanghi & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27 based on the recommendation of the Audit Committee. The Board also took on record the Statement of Impact of Audit Qualification. The company noted that it has not paid annual listing fees to the Bombay Stock Exchange Limited since FY 2018-19, and consequently, its shares are traded on a trade-for-trade basis only on the first trading day of every week.

Interworld Digital Limited has intimated the Bombay Stock Exchange of an upcoming Board of Directors meeting, scheduled for Thursday, May 28, 2026, at 3:00 PM at its registered office located at 701, Arunachal Building, 19, Barakhamba Road, Connaught Place, New Delhi – 110001. The notice, dated May 18, 2026, has been issued pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to transact several key items of business. The following agenda items are scheduled for consideration:

The meeting has been called in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, which governs the submission of financial results by listed entities.

Trading Window Closure

In line with BSE Circular no. LIST/COMP/01/2019-20 dated April 02, 2019, and the Company's Code of Conduct for Prevention of Insider Trading framed pursuant to the SEBI (Prohibition of Insider Trading) Regulation, 2015, the trading window for dealing in the shares of the company has already been closed. The closure applies to all Directors, Officers, Designated Employees of the company, and their relatives, in connection with the declaration of the audited financial results for the quarter and financial year ended March 31, 2026. The trading window shall remain closed until May 30, 2026.

The intimation was signed by Shivangi Agarwal, Company Secretary of Interworld Digital Limited, and digitally authenticated on May 18, 2026.