Mangalam Organics Ltd

💰 Mangalam Organics Secures ₹50 Cr Loan from Yes Bank, Cancels NCD Plan

- Mangalam Organics cancels plan to issue ₹60 Cr NCDs.

- Secures ₹50 Cr loan facility from Yes Bank instead.

- Loan includes ₹48 Cr working capital limit (with L/C, WCDL & Term Loan sub-limits) and ₹2 Cr unsecured forward cover.

- Loan secured by plant, machinery, current assets, and factory land mortgage, plus personal guarantees.

- Yes Bank has no stake in Mangalam Organics; transaction is arm’s length.

- Board approved the deal in a meeting on September 17, 2025.