Mangalam Drugs Defaults on Bank Loans Exceeding 30 Days

Mangalam Drugs & Organics Ltd has filed an intimation regarding a subsequent default on its bank loan obligations. The company has defaulted on loan accounts with Bank of Maharashtra and Bank of Baroda for a period exceeding 30 days. The overdue amount for Bank of Maharashtra is ₹951.19 Lacs, with the default starting on October 17, 2025. For Bank of Baroda, the overdue amount is ₹606.08 Lacs, with the default commencing on October 20, 2025. The company states it is making arrangements to pay the overdue amounts as soon as possible.