Mangalam Drugs and Organics Confirms Default on Bank Loan Accounts
Mangalam Drugs and Organics Limited has reported a default on its loan obligations to two major financial institutions: Bank of Baroda and Bank of Maharashtra. The company confirmed that these defaults pertain to their Cash Credit accounts, with the status being overdue for a period exceeding 30 days as per relevant exchange regulations.The default involves two separate loan accounts, both categorized under Cash Credit facilities. These obligations incurred outstanding amounts across both banks, which are currently overdue.
As of June 15, 2026, the financial status of these defaulted loans is detailed below:
| Bank Name | Loan Account Number | Amount Overdue (Rs. In Lacs) | Date of Start of Default |
|---|---|---|---|
| Bank of Maharashtra | 60383561246 | 951.97 | 17/10/2025 |
| Bank of Baroda | 04170500000243 | 606.08 | 20/10/2025 |
The company has indicated that it is making arrangements to pay the overdue amounts as soon as possible in an effort to clear the outstanding arrears.
MANGALAM Stock Price Movement
As the market continues trading at 3:09 PM, shares of Mangalam Drugs And Organics Limited are rallying to ₹30.31, having surged by 2.09% in live trading. The equity trades within a day range established between a low of ₹29.16 and a high of ₹31, with 20,087 shares transacted so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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