Announced Tue, 15 Sept · 18:39 IST
Bank loan default disclosed: about Rs 15.57 crore overdue across two lenders
MANGALAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.5%1-day move
₹33.35
prior close
₹33.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.4+2.3+0.6-1.5-4.5+2.5-1.2———————
Up moveDown movePending
AI summary
Mangalam Drugs and Organics disclosed defaults on cash credit accounts with Bank of Maharashtra (Rs 9.51 crore overdue since 17 Oct 2025) and Bank of Baroda (Rs 6.06 crore since 20 Oct 2025). Combined overdue is about Rs 15.57 crore, both defaults exceeding 30 days. Company says it is arranging to clear dues. This is a subsequent intimation following an earlier disclosure dated 16 Feb 2026.
Likely market impact
Loan default signals financial stress; may pressure stock and raise future borrowing costs. Shareholders should monitor resolution closely.