Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nectar Lifesciences Ltd. Ref.: NLL/CS/2026- 736 October 03, 2026 1. National Stock Exchange of India Limited 2. BSE Limited Listing Department, Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (E), Mumbai 400 051 Mumbai 400 001 Symbol: NECLIFE Scrip Code: 532649 Sub.: Disclosure on Material Litigation/ Penalty - Regulatory Update Ref.: Regulation 30 of the Securities and Exchange of Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) read with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“Master Circular”) issued by SEBI. Dear Sir/ Madam, This is in compliance with Regulation 30 of the LODR Regulations vide letter no. NLL/CS/2026- 667 dated March 24, 2026, the Company had informed about the regulatory update of material litigation i.e. the Principal Commissioner of CGST Commissionerate, Ludhiana, has filled Civil writ petition with Hon’ble High Court of Punjab and Haryana, challenging the aforesaid order dated May 27, 2025, of Commissioner (Appeal). Pursuant to captioned regulations, please find enclosed herewith necessary disclosures in prescribed format for details/ updation of Litigation and/ or orders passed by any regulatory authority or judicial body as per Annexure- A. Kindly take the above information on record. Thanking you, Yours faithfully, For Nectar Lifesciences Limited (Sanjaymohan Singh Rawat) Company Secretary & Compliance Officer Corporate Office: Godrej Eternia, Plot No. 70, Industrial Area, Phase 1, Chandigarh 160 002, INDIA Registered Office: Showroom no. 8, First Floor, Patiala Complex, Barwala Road, Dera Bassi, Distt. S.A.S Nagar, Punjab- 140 507, INDIA Website: www.neclife.com, E-mail: nectar.info@neclife.com CIN: L21000PB1995PLC016664 Nectar Lifesciences Ltd. Annexure- A The Details of Litigation and/ or order passed by regulatory authority or judicial body for or against Nectar Lifesciences Limited (“Company”) Updation on litigation Sr Brief details of litigation and action taken or Expected Quantum of no. order passed Financial claims, if any Implication 1. Name of the Listed Entity: Nectar Lifesciences In the event the The final quantum Limited, Derabassi (“Company”) Appellate of liability is Name of Opposing Party: Principal Authority presently not Commissioner of CGST Commissionerate, reconsider the ascertainable as the Ludhiana, Punjab matter the Appellate Authority Forum where Pending/ Appeal filed/ Appeal Company may be had earlier proposed to be filed: Not Applicable exposed to pay: Confirmed: Date of receipt of Order: October 03, 2026 1. ₹89.32 crore demand along with • ineligible Input Nature and details of action(s) taken, interest therein Tax Credit (ITC) initiated or order(s) passed, and details of and penalties; amounting to the violation(s)/contravention(s) committed 2. ₹6.24 crore ₹17.06 lakh or alleged to be committed/ Brief details of demand raised. (CGST ₹8.53 case: lakh and SGST The Commissioner (Appeal) (“Appellate However, the ₹8.53 lakh) and Authority”) vide its order dated May 27, 2025, Company reserve imposed an had: the right to prefer equivalent • Confirmed ineligible Input Tax Credit an appeal before penalty; (ITC) amounting to ₹17.06 lakh (CGST the Hon’ble • Dropped the ₹8.53 lakh and SGST ₹8.53 lakh) and Tribunal, if balance imposed an equivalent penalty; required. demand of • Dropped the balance demand of ₹89.32 ₹89.32 crore crore along with applicable interest and along with penalties on this issue; applicable • Remanded the demand of ₹6.24 crore interest and to the proper officer for de novo penalties on adjudication in accordance with GST this issue; law, with adjustment of taxes/interest • Remanded the already paid; demand of • Quashed personal penalties of ₹25,000 ₹6.24 crore to each imposed on Mr. Sanjiv Goyal the proper (Chairman & Managing Director), Mr. R. officer for de K. Aggarwal, and Mr. Sandeep Goel novo (former employees). adjudication in accordance The Principal Commissioner of CGST with GST law, Commissionerate, Ludhiana, has filled civil writ with petition challenging Impugned Order, inter-alia, adjustment of for: Corporate Office: Godrej Eternia, Plot No. 70, Industrial Area, Phase 1, Chandigarh 160 002, INDIA Registered Office: Showroom no. 8, First Floor, Patiala Complex, Barwala Road, Dera Bassi, Distt. S.A.S Nagar, Punjab- 140 507, INDIA Website: www.neclife.com, E-mail: nectar.info@neclife.com CIN: L21000PB1995PLC016664 Nectar Lifesciences Ltd. 1. appropriate writ order or direction, taxes/interest quashing and setting aside the Impugned already paid; Order; • Quashed 2. Issue a Writ or directions restoring the personal Order- in- Original which was quashed in penalties of the Impugned Order; and ₹25,000 each 3. Grant an interim stay on the operation of imposed on the impugned order Mr. Sanjiv Goyal Hon’ble High Court of Punjab and Haryana (Chairman & vide its order dated September 24, 2026, Managing had: Director), Mr. R. K. Aggarwal, Remanded back the matter to the Appellate and Mr. Authority for fresh consideration. Sandeep Goel (former employees). Corporate Office: Godrej Eternia, Plot No. 70, Industrial Area, Phase 1, Chandigarh 160 002, INDIA Registered Office: Showroom no. 8, First Floor, Patiala Complex, Barwala Road, Dera Bassi, Distt. S.A.S Nagar, Punjab- 140 507, INDIA Website: www.neclife.com, E-mail: nectar.info@neclife.com CIN: L21000PB1995PLC016664