Mangalam Drugs and Organics Limited Reports Default on Bank Loan Obligations
Mangalam Drugs and Organics Limited has reported a default on its loan obligations involving two banking institutions. The company confirmed that the defaults have persisted for a period exceeding 30 days.The company has identified overdue amounts related to Cash Credit accounts held with Bank of Maharashtra and Bank of Baroda. As of July 15, 2026, the outstanding balances are as follows:
| Sr.No | Loan Account Number - Cash Credit A/c. No. | Name of Bank | Amount Overdue Rs. In Lacs as on 15/07/2026 | Date of start of Default |
|---|---|---|---|---|
| 1 | 60383561246 | Bank of Maharashtra | 951.19 | 17/10/2025 |
| 2 | 04170500000243 | Bank of Baroda | 606.08 | 20/10/2025 |
The company stated that it is currently making arrangements to settle the overdue amounts as soon as possible. This update follows a previous communication regarding the status of these loan obligations.
MANGALAM Stock Price Movement
Shares of Mangalam Drugs And Organics Limited today slipped by 2.43% to settle at ₹27.39. The stock traded with a volume of 25,175 shares during the session.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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