Announced Wed, 15 Jul · 17:40 IST
Mangalam Drugs defaults on bank loans; about Rs 15.57 cr overdue to BoB and BoM
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
-1.3%1-day move
₹28.08
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.3-2.8-3.5-2.9-3.7-2.3————
Up moveDown movePending
AI summary
Mangalam Drugs and Organics has defaulted on cash credit loan obligations to Bank of Baroda (Rs 606.08 lacs overdue since 20 Oct 2025) and Bank of Maharashtra (Rs 951.19 lacs overdue since 17 Oct 2025), totalling about Rs 15.57 crores. Defaults have continued for over 30 days. Company says it is making arrangements to pay the overdue amounts.
Likely market impact
Negative — prolonged default may trigger NPA classification, lender recovery action, and pressure on the stock price.