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Nimbua Greenfeild (Punjab) Limited - 50000 equity shares (5.29%) 2. Mohali Green Enviornment Private Limited - 185000 equity shares (18.88%) 3. Thane Janta sehkari Bank Limited - 20 equity shares (0.00%) 4. Saraswat Co-operative Bank Limited - 2500 equity shares (0.00%) However, during the quarter ended on December 31, 2024, there is no change of share held by the NLL in such companies.truetruetrueTop 2000 listed entitiestruen00069OriginaltruetrueMrSANJIV GOYAL00002841Executive DirectorChairperson related to PromoterMD1960-06-12falseActiveNA1995-06-272022-05-311020MrRUPINDER TEWARI07009485Non-Executive - Independent DirectorNot Applicable1956-09-27falseActiveNA2019-02-112024-02-11711111MsMEENA VERMA05283168Non-Executive - Nominee DirectorNot Applicable1971-11-23falseActiveNA2019-02-112019-02-111000MrKULDIP KUMAR BHASIN09250008Non-Executive - Independent DirectorNot Applicable1950-04-28falseActiveYes2021-09-212021-09-212021-09-21401121MsINDU PAL KAUR09686862Non-Executive - Independent DirectorNot Applicable1965-10-04falseActiveNA2022-08-022022-08-02291110MrPUNEET SUD09735713Executive DirectorNot Applicable1966-02-02falseActiveNA2022-09-242024-09-241010truetruetruetruetrueAudit Committee07009485RUPINDER TEWARINon-Executive - Independent DirectorChairperson2020-04-01Dr. Rupinder has been appointed as a member of Audit Committee with effect from 01.04.2020 and as a Chairman with effect from 02.08.2022.Audit Committee09250008KULDIP KUMAR BHASINNon-Executive - Independent DirectorMember2021-09-21Audit Committee00002841SANJIV GOYALExecutive DirectorMember2022-08-02Audit Committee09686862INDU PAL KAURNon-Executive - Independent DirectorMember2022-08-02Nomination and remuneration committee07009485RUPINDER TEWARINon-Executive - Independent DirectorChairperson2021-02-13Nomination and remuneration committee09250008KULDIP KUMAR BHASINNon-Executive - Independent DirectorMember2021-09-21Nomination and remuneration committee09686862INDU PAL KAURNon-Executive - Independent DirectorMember2024-08-15Stakeholders Relationship Committee09250008KULDIP KUMAR BHASINNon-Executive - Independent DirectorChairperson2024-08-15Stakeholders Relationship Committee00002841SANJIV GOYALExecutive DirectorMember2015-02-13Stakeholders Relationship Committee09735713PUNEET SUDExecutive DirectorMember2022-09-24Risk Management Committee00002841SANJIV GOYALExecutive DirectorChairperson2022-08-02Risk Management Committee07009485RUPINDER TEWARINon-Executive - Independent DirectorMember2021-07-23Risk Management Committee99999999AMIT CHADAHCEOMember2020-10-01Mr. Amit Chadah, the Chief Executive Officer of the company is a Non-Director Member of the Risk Management Committee.Corporate Social Responsibility Committee00002841SANJIV GOYALExecutive DirectorChairperson2014-05-28Corporate Social Responsibility Committee09250008KULDIP KUMAR BHASINNon-Executive - Independent DirectorMember2021-09-21Corporate Social Responsibility Committee09735713PUNEET SUDExecutive DirectorMember2022-09-24Other Committee00002841SANJIV GOYALMANAGEMENT COMMITTEEExecutive DirectorChairpersonOther Committee99999999AMIT CHADAHMANAGEMENT COMMITTEEMemberMemberMr. Amit Chadah, the Chief Executive Officer of the company is a Non-Director Member of the Management Committee.Other Committee09735713PUNEET SUDMANAGEMENT COMMITTEEExecutive DirectorMember2024-08-14true7532024-11-1491true663Audit Committee2024-08-14true4220Audit Committee2024-11-1491true4330Nomination and remuneration committee2024-08-14true3330Nomination and remuneration committee2024-11-1390true3220Stakeholders Relationship Committee2024-08-24true3310Risk Management Committee2024-07-16true2211truetruetruetrueYestruetruetrueThis report will be placed before the next meeting of Board. The previous quarter report was placed before the Board in their meeting. There was no obseravation or comments or advise on that.NEHA VAISHNAVCompany Secretary and Compliance OfficerfalseNEHA VAISHNAVCompany Secretary and Compliance OfficerCHANDIGARH2025-02-0601100Deputy Commissioner, Goods and Service Tax, Audit Circle-Baddi, Sector 17C , ChandigarhThe matter is concerning GST audit of unit of Nectar Lifesciences Limited at Village Bhatoliklan, Baddi (HP)2024-12-31Company agreed to all audit objections and reversed the ineligible credit alongwith Interest Rs.9,88,068/- ; Penalty Rs.3,51,887/- and Fee Rs.700/- vide DRC dated 31/12/2024 bearing ARN:AD021224002688F.Rs.9,88,068/- ; Penalty Rs.3,51,887/- and Fee Rs.700/-Deputy Commissioner of Income Tax, Central Circle – 1, Chandigarh (Assessment Year ("AY") - 2015-16)2022-04-29The Tax impact of Rs. 11.37 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2015-16.The case is pending before Commissioner of Income Tax (Appeals), Gurgaon.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle – 1, Chandigarh through The Principal Commissioner of Income Tax (Central), Gurugram (Assessment Year ("AY") - 2013-14)2022-10-01The Tax impact of Rs. 10.83 crores (by way of reduction in MAT credit) on account of addition of power plant profitability for AY 2014-15.The case is pending before Hon'ble High Court of Punjab and Haryana.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle – 1, Chandigarh through The Principal Commissioner of Income Tax (Central), Gurugram (Assessment Year ("AY") - 2014-15)2022-11-02The Tax impact of Rs. 8.23 crores (by way of reduction in MAT credit) on account of addition of power plant profitability for AY 2015-16.The case is pending before Hon'ble High Court of Punjab and Haryana.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2016-17)2024-03-16The Tax impact of Rs. 19.38 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2016-17. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2021-22)2024-03-16Not ApplicableTax impact of Rs. 1.00 crores on account of various additions/ disallowances for AY 2021-22. On 16.03.2024, it was not disclosed as it was not material at that time. However, materility threshhold has been reduced after finalisation of accounts of FY 2023-24, thereby disclosed in this report.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2018-19)2024-03-18The Tax impact of Rs. 14.09 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2018-19. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2019-20)2024-03-18The Tax impact of Rs. 13.17 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2019-20. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2020-21)2024-03-18The Tax impact of Rs. 10.65 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2020-21. The case isPending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Same as per last disclosure.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2017-18)2024-03-20Tax impact of Rs. 20.02 crores (by way of reduction in MAT credit) on account of various additions/ disallowances for AY 2017-18. The case is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Same as per last disclosure.The Principal Commissioner of Income Tax (Central), Gurugram2024-05-03The Tax relief of Rs.3.58 crores (on dividend income received from subsidiary company in Sri Lanka) given by Income Tax Appellant Tribunal (“ITAT”), Chandigarh, for FY 2005-06, has been challenged by Income Tax Department in Hon’ble High Court of Delhit. The above relief was allowed by the ITAT Chandigarh on the basis of judgement of Hon’ble Supreme Court in the case of Torquoise Investment & Finance Ltd. vs. DCIT. The Company became aware of this case on 15.10.2024 suo-moto without receipt of any notice from Delhi High Court.The matter was pending as on 31.12.2024. However, the appeal of income tax department has been dismissed on 14.01.2025 by Hon'ble Delhi High Court.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh (Assessment Year ("AY") - 2017-18 to 2021-22)2024-11-22The Company had filed a writ petition in Punjab and Haryana High Court seeking quashing of notices under Section 148 and 148(A)b of Income Tax Act 1961 whereby reassessment of the return of income filed for the assessment years 2017-2018 to 2021-22 has been sought by the IT department. The Hon’ble High Court has directed the IT department to decide objections/representations filed by the Company, by passing speaking order within eight weeks from date of this order. The formal order from the Hon’ble High Court is awaited. However, as an abundant precaution the company is in process of filing of returns as sought by the IT department. The financial implications are not ascertainable at this stage of litigation. The demand if any raised on reassessment will be informed accordingly if the Hon’ble Punjab and Haryana High Court would pass order against the Company.The company has filed objections to above notices. The Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh is yet to dispose off the objections. Thereafter, reassessment proceedings will initiate. However, the Company also has the option to approach High Court of Punjab and Haryana for quashing of the notices u/s 148.The financial implications are not ascertainable at this stage of litigation.Dy. Comm. CGST Derabassi2022-11-01Raw materials imported against Advance license issued by DGFT and exemption of duties was availed. However, due to Shortage / Cancelation of export orders, export obligations could not be fulfilled. Despite that, the duties were paid with interest for closure of Advance licenses. Therefore, the Company had applied for refunds of the same which was rejected by the DC. In case, the matter will be decided in favour, the Company will get a refund of Rs. 2.15 Crore and if it will against no deposit is to be made.Filed appeal on 29.11.2023 against Commissioner (Appeals) orders dated 31.08.2023. The matter is pending before CESTAT, ChandigarhDy. Comm. CGST Derabassi2023-01-04Raw materials imported against Advance license issued by Directorate General of Foreign Trade (“DGFT”) and exemption of Duties was availed by the Company. However, due to Shortage / Cancelation of export orders, export obligations could not be fulfilled, and the duties were paid with interest for closure of Advance licenses. Therefore, we had applied for refunds of the same which was rejected by Assistant Commissioner (“AC”) Goods and Services Taxes (“GST”), Derabassi. Despite that, the same was allowed by Commissioner Appeals GST Ludhiana. Now, AC/Deputy Commissioner (“DC”) GST Derabassi had filed an appeal against the order of Commissioner Appeals but allowed us refund of 52.07 Crore as per GST refund rules. In case the matter will be decided against the Company, then the Company has to reverse the refund amount of Rs. 52.07 Crore along with interest @ 12% from the date of receipt of refund amount.The matter is pending before CESTAT, ChandigarhCGST Commissioner Jammu.2023-01-31The Company was availing benefits of Notification No. 56/2002CE Dt. 14.11.2002 through self-credit facility in respect of refund paid through Account Current on the product named ‘Menthol’ at Jammu Unit. The aforesaid Notification was amended vide another Notification No. 34/2008 dated 10.06.2008 and the credit was allowed for duties paid through PLA only of 56 % of value addition whichever is lower. The Refund amount of Rs. 3.61 Crore has to be reversed along with 12% interest.The matter is pending before CESTAT, ChandigarhOffice of the Principal Commissioner of Customs (Adjudication), New Custom House, Ballard Estate, Mumbai.2023-12-27The Principal Commissioner of Customs (Adjudication), New Custom House, Ballard Estate, Mumbai has observed the non-compliance of “Pre-import condition” set out in notification no. 79/2017 dated October 13, 2017. The company has already paid the principal of Rs. 2,35,59,071/- along with interest of Rs. 1,97,79,890/- and is now contesting for recovery of wrong recovery of interest of Rs. 1,97,79,890/- and penalty. Date of Adjudication/ date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: March 14, 2024.Appeal filed on 25.04.2024 with Hon'ble Tribunal, Mumbai.Additional Commissioner GST Sub. Commissionerate, Mohali, Chandigarh2024-02-21While adjudicating the Show Cause Notice dated July 5, 2022 issued to the Company, the Additional Commissioner, Central GST Sub. Commissionerate, Mohali, Chandigarh has alleged that the Company has: (i)  applied and obtained inadmissible refund of IGST amounting to Rs. 6,23,94,479/- u/s 74 (9) of CGST Act, 2017 read with section 20 of IGST Act, 2017 and ordered appropriation of Rs. 91,07,922/- paid by the Company towards the same. Further he has imposed penalty of equal amount and interest. (ii) availed inadmissible ITC of Rs. 89,48,63,367/- u/s 74 of CGST Act, 2017 and Punjab Goods and Service Tax, 2017. A sum of Rs. 13.00 crore paid by the Company has been ordered to be appropriated towards the same. Further he has imposed penalty of equal amount and interest. (iii) personal penalties of Rs. 25,000/- each has been imposed on Mr. Sanjiv Goyal, Chairman & Managing Director (“CMD”) and Mr. R. K. Aggarwal and Mr. Sandeep Goel, ex-employees of the Company. A Complaint u/s 132 of the Central Goods and Services Act, 2017 read along with provisions of IGST Act, 2017 has also been filed by Superintendent (Anti-Evasion), Central Goods and Services Tax, Commissionerate, Ludhiana in the Court of Chief Judicial Magistrate Ludhiana for above matter. The matter is still pending with Chief Judicial Magistrate Ludhiana. The financial implecation are: in case the matter is decided against the Company by Commissioner Appeals, there can be reversal of credit of GST of Rs. 81.82 crore along with interest and penalty thereon and forfeiture of 13.91 crore already paid by the Company. However, the Appeal for that would lie with CESTAT, then High Court and Supreme Court if required.Appeal filed on 21.05.2024 before Commissioner (Appeals),GST Commisionerate , Ludhiana (PB) against the order passed by Additional Commissioner dated 21.02.2024. The Compliant u/s 132 is pending in the Court of Chief Judicial Magistrate, Ludhiana.Commissioner of Central Excise and Service Tax, Chandigarh II against the order of Customs Excise and Service Tax Appellate Tribunal (“CESTAT”) passed in favour of the Company.2024-03-01The matter pertains to an appeal filed by the department against the order of CESTAT passed on August 28, 2018. The matter as alleged is regarding probably wrong availment of cenvat credit amounting to Rs. 21,20,43,117/- (cenvat of Rs. 20,58,67,104/- + Education Cess of Rs. 41,17,342/- and Secondary and Higher Education (“SHE”) Cess of Rs. 20,58,671/-) during the period from 12/2007 to 02/2010 on Menthol products hereinafter called as impugned goods which appeared to the Department has been fraudulently passed on to the Company by M/s Narbada Industries Jammu, a wholly owned unit of the Company. The Department observes that it appears to them that the impugned goods have not been produced by M/s Narbada Industries, Jammu but it only resorted to the creation of fraudulent documents showing protection, removal and transport of goods on paper. In case the matter is decided against the Company, the credit of Rs. 21,20,43,117/- along with interest and penalty would have to be reversed. However, the Appeal for that would lie with Supreme Court if required.Matter is pending before‘’Hon. High Court of Punjab and Haryana at Chandigarh.Assistant Commissioner, State Taxes - Kitchha, Uttarakhand (“Authority”)2024-10-08Demand of Rs. 1,92,18,445/- alongwith interest @15% from October 01, 2010 has been raised by Authority on account of purchase tax of Mentha Oil in the state of Uttarakhand pertaining to year 2010-11.The original order was sent by post which was not received by the company. The Company has received the duplicate copy of order on October 7, 2024. The Company is planning to file an appeal with appropriate authority against the demand.The Appeal filed before Joint Commissioner of State Tax (Appeals), Haldwani and the matter is still pending.CGST Commissioner Ludhiana2024-09-25An amount of Rs. 16.61 Crore of Input Tax Credit (“ITC”) had been blocked by CGST Commissioner Ludhiana. The Company had filed a writ petition against it. During the hearing of the said writ petition, the court observed certain modifications to be made in the writ petition, which necessitated the Company to withdraw the writ petition to enable it to file fresh writ petition with necessary modifications. The Court permitted the Company to withdraw the writ petition with liberty to file fresh petition after necessary modifications. Hence the writ was withdrawn with liberty to file fresh appeal. As on date, the claim of Rs 16.61 Crore stands unpaid. The Company is in process to file a fresh writ petition, with necessary modifications as observed by the hon’ble Court. In case, the matter will be decided in favour in fresh writ petition proposed to be filed, the Company will get re-credit of Rs. 16.61 Crore in ITC Ledger immediately.Writ petition has been withdrawn with liberty to file a fresh writ petition. As on date, the claim of Rs 16.61 Crore stands unpaid. The Company is in process to file a fresh writ petition, with necessary modifications as observed by the hon’ble Court.Assistant Commissioner Central Goods & Service Tax, Division-II, Derabassi Mohali (Punjab) (Asst. Commissioner)2024-11-20The Asst. Commissioner passed an order that in Financial Year 2021-22, the Company has excess availed Input Tax Credit (“ITC”) amounting to Rs.1,01,88,649/- alongwith interest and penalty in GSTR3B as comparison to available in GSTR2A. The ITC availed by the Company is not an eligible ITC as per Section 16 read with Rule 36 of CGST Rules 2017 as challan (TR-6) is not a valid document to avail ITC. However, the Company had paid challans (TR-6) of import duty (IGST) at Customs amounting to Rs. 1,01,88,649/- on imports done against advance license (Bill of entries pertaining to the period 2017-18 and 2018-19) in month of February 2022. The Company is in the process of filing an appeal with Commissioner (Appeals) against the order passed by Asst. Commissioner. The financial implication were: In case the matter is decided against the Company by Commissioner (Appeals), there would be reversal of ITC of Rs. 1,01,88,649/- along with interest and penalty thereon. However, the Appeal for that would lie with CESTAT, then High Court and Supreme Court if required.The Company is in the process of filing an appeal with Commissioner (Appeals) against the order passed by Asst. Commissioner.