Nectar Lifesciences Limited — Others, 03-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences Ltd. secured a favorable Punjab and Haryana High Court ruling that annulled income tax reassessment notices for FY 2018-19 to 2020-21, removing uncertainty and potential tax liabilities. The company intends to contest a similar notice for FY 2021-22. This legal win lowers tax-related risks, providing shareholders with improved clarity on the company’s financial position.