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Nimbua Greenfeild (Punjab) Limited - 50000 equity shares (3.36%) 2. Mohali Green Environment Private Limited - 185000 equity shares (19.58%) 3. Thane Janta Sehkari Bank Limited - 20 equity shares (0.00%) 4. Saraswat Co-operative Bank Limited - 2500 equity shares (0.00%) 5. NECLIFE PT, UNIPESSOAL LDA, Portugal - 1000 shares (100%) The Company has a wholly owned subsidiary namely NECLIFE PT, UNIPESSOAL LDA incorporated in Portugal in FY 2019-20. Though it is not a Company within the meaning of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, but we are disclosing it here for being better clarity and disclosure. However, during the quarter ended on December 31, 2025, there is no change of share held by the NLL in such companies.falseDuring the period from 1st October, 2025 to 31st December, 2025, no fine or penalty was imposed in sub-para 20 of para A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.truetrueTop 2000 listed entitiestruen00069OriginaltruetrueMrSANJIV GOYAL******00002841Executive DirectorChairperson related to PromoterMD1960-06-12falseActiveNA1995-06-272025-05-311020MrRUPINDER TEWARI******07009485Non-Executive - Independent DirectorNot Applicable1956-09-27falseActiveNA2019-02-112024-02-11832221MsMEENA VERMA******05283168Non-Executive - Nominee DirectorNot Applicable1971-11-23falseActiveNA2019-02-112019-02-112025-10-271000OthersMrKULDIP KUMAR BHASIN******09250008Non-Executive - Independent DirectorNot Applicable1950-04-28falseActiveYes2021-09-212021-09-212021-09-21522231MsINDU PAL KAUR******09686862Non-Executive - Independent DirectorNot Applicable1965-10-04falseActiveNA2022-08-022022-08-02411110MrSURULICHAMY SENTHILKUMAR******11124083Non-Executive - Non Independent DirectorNot Applicable1973-05-30falseActiveNA2025-06-012025-06-011010MrSUSHIL KAPOOR******00063525Executive DirectorNot Applicable1958-07-12falseActiveNA2025-12-042025-12-041000truetruetruetruetrueAudit 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 Committee09686862INDU PAL KAURNon-Executive - Independent DirectorMember2022-08-02Audit Committee00002841SANJIV GOYALExecutive 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 Committee11124083SURULICHAMY SENTHILKUMARNon-Executive - Non Independent DirectorMember2025-06-01Risk Management Committee00002841SANJIV GOYALExecutive DirectorChairperson2022-08-02Risk Management Committee07009485RUPINDER TEWARINon-Executive - Independent DirectorMember2021-07-23Risk Management Committee99999999AMIT CHADAHChief Executive OfficerMember2020-10-012025-11-10Pursuant to Regulation 30 of the SEBI LODR Regulations and further to the aforesaid stock exchange intimations relating to the: (i) business transfer agreement (BTA) executed between Nectar Lifesciences Limited (Company) and Ceph Lifesciences Private Limited (Purchaser) dated July 07, 2025 Mr. Amit Chadah, Chief Executive Officer of the Company have been transferred to the Purchaser, effective from November 10, 2025 and ceased to be member from the November 10, 2025.Risk Management Committee00063525SUSHIL KAPOORExecutive DirectorMember2025-11-15Dr. Sushil Kapoor was appointed as a member of Risk Management Committee with effect from 15.11.2025.Corporate Social Responsibility Committee00002841SANJIV GOYALExecutive DirectorChairperson2014-05-28Corporate Social Responsibility Committee09250008KULDIP KUMAR BHASINNon-Executive - Independent DirectorMember2021-09-21Corporate Social Responsibility Committee11124083SURULICHAMY SENTHILKUMARNon-Executive - Non Independent DirectorMember2025-06-01Other Committee00002841SANJIV GOYALMANAGEMENT COMMITTEEExecutive DirectorChairpersonOther Committee11124083SURULICHAMY SENTHILKUMARMANAGEMENT COMMITTEENon-Executive - Non Independent DirectorMemberOther Committee99999999AMIT CHADAHMANAGEMENT COMMITTEEMemberMemberPursuant to Regulation 30 of the SEBI LODR Regulations and further to the aforesaid stock exchange intimations relating to the: (i) business transfer agreement (BTA) executed between Nectar Lifesciences Limited (Company) and Ceph Lifesciences Private Limited (Purchaser) dated July 07, 2025 Mr. Amit Chadah, Chief Executive Officer of the Company have been transferred to the Purchaser, effective from November 10, 2025 and cease to be member from November 10, 2025.Other Committee00063525SUSHIL KAPOORMANAGEMENT COMMITTEEExecutive DirectorMemberDr. Sushil Kapoor was appointed as a member of Management Committee with effect from 15.11.20252025-07-07true6632025-07-2315true6632025-08-1421true6432025-11-1491true5432025-12-0318true553Audit Committee2025-07-07true4430Audit Committee2025-08-1437true4330Audit Committee2025-11-1491true4430Risk Management Committee2025-08-23true2211Stakeholders Relationship Committee2025-11-14true3310Nomination and remuneration committee2025-12-0318true3330truetruetruetrueYestruetruetrueThis 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 observation or comments or advise on that.Sanjaymohan Singh RawatCompany Secretary and Compliance OfficerfalseSanjaymohan Singh RawatCompany Secretary and Compliance OfficerChandigarh2026-01-1701100Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2022-04-29The 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.Pending before Commissioner of Income Tax (Appeals), Gurgaon.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh through The Principal Commissioner of Income Tax (Central), Gurugram2022-10-01The 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.Pending before Hon'ble High Court of Punjab and Haryana.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh through The Principal Commissioner of Income Tax (Central), Gurugram2022-11-02The 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.Pending before Hon'ble High Court of Punjab and Haryana.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-03-16The 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.Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-03-18The 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.Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-03-18The 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.Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-03-18The 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 is Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-03-20Tax 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.Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-11-22The 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 company has filed objections to above notices. The objections from assessment years 2018-19 to 2021-22 have been rejected by Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh. The Company had filed writ petitions challenging notices u/s 148 for re- opening of Income Tax Cases of the company for the Ass. Years 2018-19 to 2021-22 before Punjab & Haryana High Court, which have been allowed in favour of the Company vide orders dated 01.05.2025 & 07.05.2025. The objections filed by the Company for Assessment Year 2017-18 before the Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh have not yet been disposed off.The objections filed by the Company for Assessment Year 2017-18 before the Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh have not yet been disposed off.Deputy Commissioner of Income Tax, Central Circle - 1, Chandigarh2024-03-16Tax impact of Rs. 1.00 crores on account of various additions/ disallowances for Assessment Year (AY) - 2021-22. On 16.03.2024, it was not disclosed as it was not material at that time. However, materiality threshold has been reduced after finalisation of accounts of FY 2023-24. The Company has filed the appeal on 16.03.2024 which is pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.Pending before Hon'ble Income Tax Appellate Tribunal Chandigarh.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 Customs Excise & Service Tax Appellate Tribunal ("CESTAT"), ChandigarhThe 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, ChandigarhThe 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, ChandigarhThe 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 CESTAT, Mumbai.The matter is pending before CESTAT, MumbaiAdditional 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 implication 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 Commissionerate, 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. The Commissioner (Appeal) vide its order dated May 27, 2025 has: 1. Confirmed only RS17.06 lakh of in-eligible ITC (CGST RS8.53 lakh + SGST RS8.53 lakh) and imposed an equal amount of penalty; the balance RS89.32 crore demand alongwith interest therein and penalties, on this issue has been fully dropped; 2. Remanded the RS6.24 crore demand raised to the proper officer for de-novo adjudication as per GST law, alongwith appropriation of taxes/ interest already paid; 3. Quashed the penalties imposed on Mr. Sanjiv Goyal, Chairman & Managing Director and Mr. R. K. Aggarwal and Mr. Sandeep Goel, ex-employees of the Company.The Company reversed an amount of Rs. 17.06 lakh, consisting of CGST Rs. 8.53 lakh and SGST Rs. 8.53 lakh, and paid an equivalent penalty of Rs. 17.06 lakh (CGST Rs. 8.53 lakh + SGST Rs. 8.53 lakh) on September 3, 2025 as per Order of Commissioner (Appeal) dated May 27, 2025. Subsequently, on September 22, 2025, the Assistant Commissioner Derabassi re-credited the ITC amounting to Rs. 13,00,00,000/-. The Company has received no communication from the department regarding remand back matter of 6.24 crore. 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'ble High Court of Punjab and Haryana at Chandigarh.Pending before Hon'ble High Court of Punjab and Haryana at Chandigarh.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 filed a writ petition against it. During the hearing of the said writ petition, the Hon'ble High Court of Punjab and Haryana 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. 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 has filed writ petition, with necessary modifications as observed by the hon'ble Court. In case, the matter is decided in favour filed, the Company will get re-credit of Rs. 16.61 Crore in ITC Ledger immediately. The company filed fresh writ petition CWP-1696-2025-GST DATED 20.01.2025 with Hon'ble High Court of Punjab and Haryana. The ITC amounting to Rs. 16,61,81,454/- has been unblocked on June 30, 2025, by CGST Commissioner Ludhiana, may be in pursuance to the decision of Commissioner (Appeal) vide its order dated May 27, 2025 favouring the Company in another matter, which has been disclosed at Sr. No. 15.The CWP is pending with Hon'ble High Court of Punjab and Haryana. The Company would withdraw the writ petition if the ITC is not re-blocked by CGST department on any other pretext.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 filed an appeal on 22.01.2025 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 requiredThe matter is pending with Commissioner (Appeals).Office of Assistant Commissioner, Central GST, Division-II, Derabassi, Zirakpur, Distt. Mohali-140603 (Adjudicating Authority)2025-06-25The 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 for the period of 2016-17. The Company has received a SCN dated June 25, 2025, issued by Adjudicating Authority asking why the refund claim of Rs. 3,50,18,429/- should not be rejected. The Company is of the opinion that the SCN has no merits and the Company would make its submissions before the Adjudicating Authority within the given timelines.The Company has received a OIO dated August 26, 2025 issued by Assistant Commissioner in connection with rejection of the refund claimed totalling Rs. 3,50,18,429/-. The Company is in the process of filing an appeal with Commissioner (Appeals) against the order passed by Asst. Commissioner. In case the matter gets decided in favour, the Company will get a refund of Rs. 3.50 Crore otherwise an appeal will be made to the appropriate authority.