Mangalam Drugs and Organics Limited Discloses Default on Bank Loans
Mumbai – March 17, 2026 – Mangalam Drugs and Organics Limited announced today that it has defaulted on loan obligations to Bank of Baroda and Bank of Maharashtra for a period exceeding 30 days. The disclosure is made in accordance with SEBI's Listing Obligations and Disclosure Requirements.As of March 15, 2026, the company has outstanding amounts due to the banks as detailed in the table below:
| Sr.No | Loan Account Number- Cash Credit A/c. No. | Name of Bank | Amount Overdue (Rs. In Lacs) | Date of Start of Default |
|---|---|---|---|---|
| 1 | 60383561246 | Bank of Maharashtra | 97921 | 17/10/2025 |
| 2 | 04170500000243 | Bank of Baroda | 606.08 | 20/10/2025 |
The company is currently working to arrange payment of the overdue amounts. Govardhan M. Dhoot, Managing Director, confirmed the disclosure.
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