20 Nov 2025 | 5 Mins Read
Mangalam Drugs shares plummet 23% after loan defaul
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Mangalam Drugs and Organics shares dropped over 13% on November 20, extending losses to 23% in two days, after it defaulted on two bank loans totaling Rs 7.65 crore to Bank of Baroda and Bank of Maharashtra. The company cited reduced funding from US Aid for treatments due to a dis-banned program and lower Global Fund budget as a reason for its struggles.