Mangalam Global Enterprise has purchased factory land and other Assets from the Bank of Baroda after making full & final payment of Rs 13.79 crore on June 27, 2022. These assets were of Personal Guarantors for Secured Loan facilities provided by Bank of Baroda to H.M. Industrial. Company has purchased these assets directly from Bank and it is not forming part of Resolution Plan. The documentation related to transfer of ownership of said Assets/Properties is under process & will be completed in due course.
Mangalam Global Enterprise distributes agri-base products.
