Nectar Lifesciences Limited — Others, 27-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences has provided an update on a litigation where its claim for a refund of duties paid has been rejected by the Assistant Commissioner Central Goods & Service Tax. The company had paid these duties after failing to meet export obligations under an Advance license and subsequently sought a refund. The rejected refund amount totals Rs. 3.50 Crore. Nectar Lifesciences is now in the process of filing an appeal against this order with the Commissioner (Appeals). This highlights an ongoing administrative dispute with potential financial implications for the company depending on the appeal's outcome.