Nectar Lifesciences Limited — Others, 25-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences Ltd. has provided an update regarding ongoing litigations resulting from a directive from the Punjab and Haryana High Court. The court instructed the Deputy Commissioner of Income Tax (DCIT) to address objections filed by the company. The DCIT has rejected these objections, prompting Nectar to appeal for quashing the notice under Section 148 in the High Court. The financial implications of this litigation remain uncertain at this stage. Investors should be aware of the potential risk posed by this ongoing legal matter, which could impact financial results depending on the court's decision.