Announced Wed, 17 Jun · 14:53 IST
Defaults on bank loans worth Rs 15.58 crores, exceeds 30 days
Regulatory & Legal View source PDF
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
-0.4%1-day move
₹29.95
prior close
₹30.31
base price
In-mkt
timing
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AI summary
Mangalam Drugs disclosed defaults on cash credit loans from Bank of Maharashtra (Rs 951.97 lacs) and Bank of Baroda (Rs 606.08 lacs), totaling about Rs 15.58 crores. Defaults began in October 2025 and have continued for over 30 days as of June 2026. The company says it is arranging to clear the overdue amount.
Likely market impact
Signals financial stress; negative for stock. May hurt credit rating and future borrowing ability. Risk of further action by lenders.