According to the latest audited financial results approved by the Board on May 28, 2026, Interworld Digital reported a net loss of ₹26.05 lakh for the financial year ended March 31, 2026, representing a widening from ₹22.24 lakh in the previous financial year. The company maintained zero revenue from operations for both the current year and the previous year, indicating continued non-functional operations. The basic and diluted earnings per share (EPS) stood at a loss of ₹0.01 for the year, while the paid-up equity share capital remained constant at ₹4,783.77 lakh.
As reported by Business Standard, Interworld Digital reported a standalone net loss of ₹0.08 crore in the quarter ended March 2026, compared to a net loss of ₹0.06 crore during the corresponding quarter of the previous year. The company maintained zero sales for both the current quarter and the quarter ended March 2025, indicating no revenue generation during these periods.
According to the statutory auditors M/s Nemani Garg Agarwal & Co., the company faces significant financial challenges including outstanding statutory dues of ₹1.91 crore since FY 2009-10, with no provision made for interest or penalties. The auditors noted that statutory dues, including Service Tax, TDS, and Professional Tax, have been outstanding since FY 2009-10, with no provision made for credit losses. Additionally, 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 company has disclosed defaults in loan repayments, defaulting 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 contigent 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.
The company's operations have been non-functional due to alleged fraudulent diversion of business and intellectual property by former Managing Director Mr. Manmahon Gupta, as reported by the auditors. The company 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. During the Board meeting held on May 28, 2026, the Board reappointed M/s Sanghi & Co., Chartered Accountants as the internal auditor for FY 2026-27 based on Audit Committee recommendations.
