Loan & Debt17 Mar 2026, 06:02 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 amounts to 446.77 Lacs as of 17/10/2025 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.
Key Highlights
- Mangalam Drugs & Organics Limited has defaulted on its loan obligations to Bank of Baroda and Bank of Maharashtra
- The default amount is 446.77 Lacs as of 17/10/2025 for Bank of Maharashtra and 20/10/2025 for Bank of Baroda
- The default has been ongoing for more than 30 days
- The company is making arrangements to pay the overdue amount as soon as possible