Board Meeting19 Jun 2026, 05:20 pm
Interworld Digital Board Approves MOA/AOA, New Business, Director Appointment
AI Summary
Interworld Digital Limited's Board of Directors met on June 19, 2026, approving several key changes subject to shareholder consent. These include adopting new Memorandum and Articles of Association to align with the Companies Act, 2013, and SEBI regulations. The company also approved venturing into consumer electronics, mobile phones, and accessories. Additionally, Mr. Faizal Bavaraparambil Abdul Khader was appointed as a Non-Executive Non-Independent Director. The board also approved enhanced borrowing powers up to ₹200 crore and investment/loan/guarantee powers up to ₹50 crore, along with specific related party transaction approvals.
Key Highlights
- Board approved new MOA and AOA, pending shareholder approval.
- Company to enter consumer electronics and mobile phone business.
- Mr. Faizal Bavaraparambil Abdul Khader appointed as Non-Executive Director.
- Board's borrowing powers increased to ₹200 crore.
- Investment and loan powers enhanced to ₹50 crore.
Price Impact
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