Interworld Digital Ltd. Discloses Loan Defaults
Interworld Digital Ltd. (NSE: INTERDIGI, Scrip Code 532072) reported defaults on loan repayments as of March 31, 2026, according to a filing.As of March 31, 2026, the company had outstanding loans and revolving facilities totaling 0.06 INR Crores, with a default amount of 0.06 INR Crores. The company's total financial indebtedness, including short-term and long-term debt, amounted to 1.61 INR Crores.
A detailed breakdown of outstanding loans is provided below:
| Particulars | Outstanding Amount (Principal and Interest) as on 31.03.2026 (Rs. In Crores) |
|---|---|
| Loan against vehicle from Kotak Mahindra Bank | 0.01 |
| Other Short Term Unsecured Loans | 1.55 |
| Outstanding loan | 1.56 |
| Interest and other charges due but not paid | 0.05 |
| Total outstanding Amount/ Debts | 1.61 |
The company has defaulted on the last installment of a vehicle loan obtained from Kotak Mahindra Prime Limited. The vehicle associated with the loan is currently in the possession of former Managing Director, Mr. Man Mohan Gupta. According to Interworld Digital, Mr. Gupta has allegedly fraudulently transferred the company's business and intellectual property to other entities.
The company’s management has reportedly requested Mr. Gupta to either return the vehicle or settle the outstanding debts with Kotak Mahindra Prime Limited, but he has not cooperated.
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