Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities

Milestone Global Ltd has filed a quarterly disclosure with the stock exchange reporting defaults in the payment of interest and/or repayment of principal on loans taken from banks and financial institutions, as well as on unlisted debt securities. This is a mandatory disclosure under SEBI regulations for listed entities that have defaulted on their debt obligations during the quarter. The exact amount and duration of the default is not visible from the headline, but the filing itself confirms the company has failed to meet some of its debt repayment commitments.