Nectar Lifesciences Limited — Others, 26-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences Ltd. has announced a show cause notice from the Assistant Commissioner of Central GST in Derabassi regarding a refund claim of ₹3.50 Cr related to duties paid against advance licenses for 2016-17. The refund was sought due to non-fulfillment of export obligations caused by order cancellations. The company believes the notice lacks merit and will present its case to the adjudicating authority. If decided favorably, Nectar expects to recover the ₹3.50 Cr; otherwise, it intends to appeal. This matters as it could impact the company's cash flow depending on the outcome.