Mangalam Drugs & Organics Limited Reports Default on Loan Obligations to Two Banks
Mangalam Drugs and Organics Limited has reported a default on its loan obligations to two major banks, Bank of Baroda and Bank of Maharashtra. The company stated that the default period exceeds 30 days.The development concerns the company's loan accounts and involves overdue amounts totaling nearly Rs. 1558 Lacs across the two financial institutions. Mangalam Drugs and Organics Limited stated that the company is actively making arrangements to clear the overdue amounts as soon as possible.
The company's report details the specifics of the default for both accounts, including the overdue amounts and the start dates of the default period.
| Bank Name | Loan Account Number | Amount Overdue (Rs. In Lacs) | Default Start Date |
|---|---|---|---|
| Bank of Maharashtra | 60383561246 | 951.97 | 17/10/2025 |
| Bank of Baroda | 04170500000243 | 606.08 | 20/10/2025 |
MANGALAM Stock Price Movement
Shares of MANGALAM today slipped by 1.23% to settle at ₹29.74. The equity traded on a total volume of 18,059 shares.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.