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Incorporated in 1977, Mangalam Drugs& Organics Ltd manufactures Active Pharmaceutical Ingredients andIntermediates
Mangalam Drugs faces financial pressure, defaulting on over Rs. 15.57 Cr in bank loans (BoM, BoB) for >30 days, indicating liquidity issues. Management is arranging payments to resolve the overdue amounts, aiming to mitigate further impact.
Mangalam Drugs defaulted on Bank of Maharashtra (Rs 9.51 Cr) and Bank of Baroda (Rs 6.06 Cr) loans, totaling Rs 15.57 Cr, indicating financial stress. The company is arranging to pay overdue amounts soon.
Mangalam Drugs and Organics has defaulted on loan obligations to Bank of Maharashtra and Bank of Baroda for over 30 days. Total overdue amount is ₹15.57 Cr. The company is arranging to pay these dues.
Mangalam Drugs And Organics Limited has informed the Exchange about Fraud/Default/Arrest
Mangalam Drugs & Organics defaulted on bank loans totaling Rs 15.58 Cr with Bank of Maharashtra and Bank of Baroda, indicating liquidity stress. The company is arranging to pay the overdue amount soon.