Mangalam Drugs & Organics Ltd Declares Default on Loan Obligations with Two Banks
Mangalam Drugs & Organics Ltd has confirmed a default on its loan obligations concerning Cash Credit accounts held with Bank of Baroda and Bank of Maharashtra, stating that the company is making arrangements to settle the overdue amounts as soon as possible.The company’s declaration pertains to loan facilities where outstanding balances exceeded sanctioned limits for periods exceeding thirty days. As per the details provided in the latest statement, the defaulted obligations span two different institutions. The total overdue amounts, reported as of June 15, 2026, are detailed below:Bank NameLoan Account NumberAmount Overdue (Rs in Lacs)Date of Start...