Sumeet Industries Limited disclosed defaults on payment of interest/repayment of principal amount on loans from Banks/financial institutions for the quarter ended March 31, 2021. Loans /revolving facilities like cash credit from banks /financial institutions, total amount outstanding as on date: INR 5,029.5 million, of the total amount outstanding, amount of default as on date: INR 5,010.1 million. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 5,329.5 million.