Loan & Debt17 Mar 2026, 06:11 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 overdue amounts as of 15/01/2026 for Bank of Maharashtra is 6,03,83,561.24 INR and for Bank of Baroda is 51,49,200.00 INR. 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 overdue amount for Bank of Maharashtra is 6,03,83,561.24 INR and for Bank of Baroda is 51,49,200.00 INR
- The default has been ongoing for more than 30 days as of 15/01/2026 and 20/10/2025 for Bank of Maharashtra and Bank of Baroda respectively
- The company is making arrangements to pay the overdue amount as soon as possible