Mangalam Drugs And Organics Limited (MANGALAM) — Announcement | 16 April 2026

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📢 Key Event
Company defaults on loan repayments exceeding 30 days

🔄 What Changed
Default status recognized for the first time in regulatory filing

🔮 What's Next
Arrangements to pay overdue amount as soon as possible

💡 Investor Takeaway
This default signals potential liquidity stress and may affect the company's creditworthiness and stock performance.

Mangalam Drugs and Organics disclosed a loan default exceeding 30 days on obligations to Bank of Baroda and Bank of Maharashtra, with overdue amounts of ₹951.97 lakhs and ₹606.08 lakhs respectively, as mandated by SEBI regulations. The company confirmed it is arranging repayment and notified exchanges promptly.

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About Mangalam Drugs And Organics Limited (MANGALAM)

Healthcare · Pharmaceuticals & Biotechnology · Listed on NSE

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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