Default17 Jun 2026, 03:08 pm
Mangalam Drugs Defaults on Bank Loans Exceeding ₹1500 Lacs
AI Summary
Mangalam Drugs & Organics Ltd has disclosed a default on its bank loan obligations to Bank of Baroda and Bank of Maharashtra, with the overdue amount exceeding 30 days. The total overdue amount is approximately ₹1558.05 lacs. The company is reportedly making arrangements to clear the overdue amounts as soon as possible. This disclosure is made in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Company defaulted on bank loans from Bank of Baroda and Bank of Maharashtra.
- Total overdue amount exceeds ₹1558 lacs.
- Default is for a period exceeding 30 days.
- Company is arranging to pay the overdue amount.
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