Default16 May 2026, 03:01 pm
Mangalam Drugs: Defaults to Bank of Baroda & Maharashtra
AI Summary
Mangalam Drugs and Organics Limited has reported subsequent defaults on its loan obligations to Bank of Baroda and Bank of Maharashtra for a period exceeding 30 days. As of May 15, 2026, the amount overdue to Bank of Maharashtra is ₹951.97 Lacs since October 17, 2025, and to Bank of Baroda is ₹606.08 Lacs since October 20, 2025. The company is arranging to pay the overdue amount as soon as possible.
Key Highlights
- Mangalam Drugs defaulted on loan obligations to Bank of Baroda and Bank of Maharashtra.
- Overdue amount to Bank of Maharashtra is ₹951.97 Lacs since October 17, 2025.
- Overdue amount to Bank of Baroda is ₹606.08 Lacs since October 20, 2025.
- The default period exceeds 30 days as per exchange regulations.
- Company is arranging to pay the overdue amount as soon as possible.
Price Impact
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