Nectar Lifesciences Limited — Others, 30-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences Ltd. has provided an update on a litigation matter where the Joint Commissioner of State Tax (Appeals), Haldwani, set aside a previous demand of ₹1.92 crore related to purchase tax on Mentha Oil for the fiscal year 2010-11. This ruling favors the company by negating the previously raised claim by the Assistant Commissioner, State Taxes, Uttarakhand. The decision eliminates potential financial liabilities, positively impacting the company's fiscal position and alleviating concerns for shareholders regarding this legal issue.