Loan & Debt18 Mar 2026, 04:42 pm
Mangalam Drugs & Organics Defaults on Loan Obligations to Bank of Baroda and Bank of Maharashtra
AI Summary
Mangalam Drugs & Organics Limited has defaulted on its loan obligations to Bank of Baroda and Bank of Maharashtra for a period exceeding 30 days. The default started on 17th October 2025 for Bank of Maharashtra and 20th October 2025 for Bank of Baroda. The outstanding amount overdue as on 15th March 2026 is Rs. 979.21 Lacs for the Bank of Maharashtra loan account and an undisclosed amount for the Bank of Baroda loan account. The company is making arrangements to pay the overdue amount as soon as possible.
Key Highlights
- Mangalam Drugs & Organics Limited has defaulted on its loan obligations to Bank of Baroda and Bank of Maharashtra
- The default has been ongoing for more than 30 days
- The default started on 17th October 2025 for Bank of Maharashtra and 20th October 2025 for Bank of Baroda
- The outstanding amount overdue as on 15th March 2026 is Rs. 979.21 Lacs for the Bank of Maharashtra loan account
- The company is making arrangements to pay the overdue amount as soon as possible