Mangalam Drugs & Organics Limited announced that it is intimating declaration that it has defaulted on its loan obligations to Bank of Baroda and Bank of Maharashtra for a period exceeding 30 days, as per the regulations of your exchange. Bank of Maharashtra: Amount overdue as on November 17, 2025 is INR 41.493 million. Date of start of Default is October 17, 2025.

Bank of Baroda: Amount Overdue as on November 17, 2025 is INR 35.026 million. Date of start of Default is October 20, 2025.