Bank loan default disclosed to BSE and NSE
MANGALAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.2 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mangalam Drugs and Organics has reported defaults on bank loan obligations exceeding 30 days. Bank of Maharashtra: Rs. 951.19 lakhs overdue since 17 Oct 2025. Bank of Baroda: Rs. 606.08 lakhs overdue since 20 Oct 2025. Total overdue is about Rs. 15.57 crores in cash credit accounts. The company states it is arranging to pay the overdue amount soon.
Negative signal: prolonged loan defaults raise concerns about financial health and may affect share price and lender confidence.