Nectar Lifesciences Limited — Others, 22-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences Ltd. has announced a board meeting to discuss ongoing litigation involving the company's input tax credit (ITC) amounting to ₹16.62 crore, which has been blocked by the CGST Commissioner, Ludhiana. The company is contesting this decision in the High Court of Punjab and Haryana, seeking to unfreeze the ITC that could bolster its liquidity if resolved favorably. The potential financial implication is significant, with immediate re-credit anticipated should the ruling favor Nectar. This scenario presents a positive outlook for investors, as a favorable resolution could enhance the company's financial health and investor confidence.