Interworld Digital Board Approves New Business Line, ₹200 Cr Borrowing Limit

The Board of Directors of Interworld Digital Ltd. met on June 19, 2026, and approved several key proposals, all subject to shareholder approval. These include the adoption of new Memorandum and Articles of Association and a significant expansion into a new line of business: consumer electronics, mobile phones, mobile accessories, computer hardware, and allied products. The board also approved the appointment of Mr. Faizal Bavaraparambil Abdul Khader as a Non-Executive Non-Independent Director. Furthermore, the board sought shareholder approval to enhance its financial flexibility by increasing borrowing powers up to ₹200 crore, authorizing investments, loans, and guarantees up to ₹50 crore, and allowing loans to interested parties up to ₹25 crore. These changes indicate a strategic shift and increased financial capacity for future growth.