Nitin Spinners Limited — Important, 08-04-2025: Disclosure of material issue

A penalty totalling Rs. 61,332,176 for FY2013-14 and Rs. 44,519,398 for FY2014-15 under the Rajasthan Value Added Tax Act has been waived under the Rajasthan Amnesty Scheme, 2025. This development will not impact the financials of Nitin Spinners Limited, indicating an improved regulatory environment. Investors should view this as a neutral development with no immediate financial consequence, allowing the company to focus on its core operations without the burden of past penalties.