Interworld Digital Reports Financial Indebtedness and Default on Vehicle Loan Repayment
Interworld Digital Ltd. has reported details regarding its financial indebtedness for the quarter ending June 30, 2026, noting a default in the repayment of a loan secured against a vehicle. The company's total financial debt stands at 2.21 INR Crores.The outstanding loans and charges are detailed below:
| Particulars | Outstanding Amount as on 30.06.2026 (Rs. In Crores) |
|---|---|
| Loan against vehicle from Kotak Mahindra Bank | 0.01 |
| Other Short Term Unsecured Loans | 2.15 |
| Interest and other charges due but not paid | 0.05 |
| Total outstanding Amount/Debts | 2.21 |
The loans are secured against the vehicle for which the loan was obtained from Kotak Mahindra Prime Limited, with a sanctioned interest rate of 9.79%. The total amount outstanding for revolving facilities like cash credit stands at 0.06 INR Crores, including an amount of default of 0.06 INR Crores against these facilities.
The company has defaulted on the last installment of the Loan against Vehicle obtained from Kotak Mahindra Prime Limited. Regarding this loan, the vehicle is currently in the possession of Mr. Man Mohan Gupta, described as the past Managing Director of the company.
The management stated that the past Managing Director fraudulently shifted the entire business and its Intellectual Property to other entities formed by him. The company's management has repeatedly requested Mr. Gupt to either return the vehicle or clear the outstanding debts owed to Kotak Mahindra Prime Limited, which would allow the loan to be settled. However, the past Managing Director has reportedly not cooperated with the company until now, resulting in the last installment of the Loan against Vehicle remaining outstanding.
Stock Price Movement
Interworld Digital Ltd. settled at ₹0.22 today, recording a 4.76% gain from the previous close. The stock was locked completely flat throughout the session, with its intraday high and low remaining identical at ₹0.22.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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