Announced Mon, 17 Aug · 16:39 IST
Default on bank loans exceeds 30 days 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
-2.7%1-day move
₹27.75
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.7-3.2-0.2———————
Up moveDown movePending
AI summary
Mangalam Drugs has defaulted on cash credit accounts with Bank of Maharashtra (Rs. 951.19 lakhs overdue since 17 Oct 2025) and Bank of Baroda (Rs. 606.08 lakhs overdue since 20 Oct 2025), totalling about Rs. 15.57 crores. Default has continued beyond 30 days, triggering SEBI disclosure rules. Management says it is arranging to pay the overdue amounts soon.
Likely market impact
Negative for shareholders. Loan default may raise borrowing costs and concerns about the company's financial health. Watch for possible stock price pressure.