Interworld Digital adopts new consumer electronics business line

Interworld Digital Ltd's Board of Directors approved the adoption of a new business line in the consumer electronics sector, including mobile phones, accessories, and computer hardware. This strategic shift is subject to shareholder approval. The board also approved the adoption of new Memorandum and Articles of Association, alteration of the Object Clause to reflect the new business, and the appointment of Mr. Faizal Bavaraparambil Abdul Khader as a Non-Executive Non-Independent Director. Additionally, the board approved increasing borrowing powers up to ₹200 crore, investment limits up to ₹50 crore, and loan/guarantee limits to interested parties up to ₹25 crore, all subject to shareholder approval.