Loan & Debt17 Mar 2026, 06:32 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 with an overdue amount of 979.21 Lacs and on 20th October 2025 for Bank of Baroda with an overdue amount of 606.08 Lacs. 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 started on 17th October 2025 for Bank of Maharashtra with an overdue amount of 979.21 Lacs
- The default started on 20th October 2025 for Bank of Baroda with an overdue amount of 606.08 Lacs
- The company is making arrangements to pay the overdue amount as soon as possible