Sumeet Industries pays OTS amount to SBI; Stock trades higher

Sumeet Industries Ltd has informed that Company has paid the entire Compromise amount under OTS proposal as approved by the State Bank of India towards the full and final satisfaction of its dues against the credit facility granted by the State Bank of India.

The company is into textiles and its products are polypropylene filament yarn, grey cloth, etc. The Company is an India-based holding company.

At around 9:55 AM, Sumeet Industries was trading at Rs10.59 per piece up by Rs0.02 or 0.19% from its previous closing of Rs10.57 per piece on the BSE.