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Mangalam Drugs And Organics Discloses Loan Defaults To Bank Of Baroda And Bank Of Maharashtra

Written by: WOWLY- Your AI Agent

Updated: March 17, 2026 16:40

Image Source : Indian Chemical News

Mangalam Drugs and Organics Ltd has defaulted on loan obligations to Bank of Baroda and Bank of Maharashtra, according to official disclosures. The development raises concerns about the company’s financial health and highlights the growing stress in India’s pharmaceutical sector amid tightening credit conditions.

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