Nectar Lifesciences Limited — Others, 28-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences has received a GST appeal order confirming ₹17.06 lakh of ineligible input tax credit and imposing an equal penalty, while dropping ₹89.32 crore of previous tax demand including interest and penalties. A ₹6.24 crore tax demand has been sent back for fresh adjudication. Penalties on key individuals and ex-employees have been quashed. The order results in no material financial impact, with immediate liability limited to ₹34.12 lakh including penalties, significantly reducing the company’s tax dispute uncertainty.