Mangalam Drugs and Organics Limited has announced a default on its loan obligations to Bank of Baroda and Bank of Maharashtra, with the overdue period exceeding 30 days. The company has defaulted on a loan account with Bank of Maharashtra (Account No. 60383561246) amounting to ₹707.05 Lakhs, with the default starting on October 17, 2025. Additionally, a default has occurred on a loan account with Bank of Baroda (Account No. 04170500000243) amounting to ₹446.77 Lakhs, with the default commencing on October 20, 2025. The company stated in its filing on December 19, 2025, that it is making arrangements to pay the overdue amounts as soon as possible. This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, which mandates disclosure of defaults on interest or principal payments.