BSECompany Update3d ago · 2 Sept 2026, 06:24 pm

Update on Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

ICICI Lombard General Insurance Company Ltd · 540716

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ICICI Lombard General Insurance Company Ltd has received orders from the Commissioner of Customs & Central Tax (Appeals-I), Hyderabad, allowing the Department's appeal and rejecting the Company's appeal, resulting in an aggregate GST demand of ₹ 3,29,83,282/- and penalty of ₹ 14,78,606/- for FY2018-19. The Company will pursue an appeal or evaluate other legal options.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment3/10

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ICICI Lombard General Insurance Company Ltd - 540716 - Update On Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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September 2, 2026 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot C/1 Dalal Street G Block, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip code: Equity (BSE: 540716/ NSE: ICICIGI) Dear Sir/Madam, Subject: Update on Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is with reference to our letter dated April 11, 2024, wherein the Company had informed the stock exchanges regarding receipt of an Order, from the Additional Commissioner, Customs & Central Tax, Hyderabad GST Commissionerate, Hyderabad raising a GST demand of ₹ 1,47,86,059/- and penalty of ₹ 14,78,606/- for FY2018-19 under Section 73 of the Central Goods and Services Tax Act, 2017 (“the Act”). The Company had subsequently filed an appeal against the said Order. The Department also filed an appeal against the relief of tax demand of ₹ 1,81,97,223/- granted to the Company vide the said Order. In this regard, please note that the Company has received Order from the Commissioner of Customs & Central Tax (Appeals-I), Hyderabad (Commissioner Appreals-I) on September 1, 2026 at 6:32 p.m., wherein the appeal filed by the Department was allowed. The Company has also received Order from the Commissioner Appreals-I on September 2, 2026 at 12:52 p.m., wherein the appeal filed by the Company was rejected. This resulted in aggregate GST demand of ₹ 3,29,83,282/- and penalty of ₹ 14,78,606/- for FY2018-19. The Company would pursue an appeal / evaluate any other legal options against the aforesaid Orders, including filing of writ petition. The requisite details of the aforesaid Orders are enclosed herewith as Annexure 1. ICICI Lombard General Insurance Company Limited IRDA Reg . No. 115 CIN: L67200MH2000PLC129408 You can contact us at: Mailing Address: Registered Office: Toll free No.: 1800 2666 Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com New linking Road, Malad Mumbai - 400 025. west, Mumbai - 400064. We further state and declare that the information and details provided in Annexure 1, in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Industry Standards Note on Regulation 30 are true, correct and complete to the best of our knowledge and belief. The above information will also be made available on the Company's website at www.icicilombard.com. You are requested to kindly take the same on your records. Thanking you. Yours Sincerely, For ICICI Lombard General Insurance Company Limited Vikas Mehra Company Secretary Encl. As above ICICI Lombard General Insurance Company Limited IRDA Reg . No. 115 CIN: L67200MH2000PLC129408 You can contact us at: Mailing Address: Registered Office: Toll free No.: 1800 2666 Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com New linking Road, Malad Mumbai - 400 025. west, Mumbai - 400064. Annexure 1 Sr. Particulars Details-Order dated Details- Order dated No. September 1, 2026 September 2, 2026 1. Name of the listed ICICI Lombard General Insurance Company Limited company 2. Type of Orders received by the Company under Section 107 communication of the CGST/Telangana Goods and Services Tax received Act, 2017 3. Date of receipt of September 1, 2026 September 2, 2026 communication 4. Authority from whom Commissioner of Customs & Central Tax communication (Appeals-I), Hyderabad received 5. Brief summary of the The Order allows the The Order rejects material contents of appeal filed by the appeal filed by the the communication Department against the Company and confirms received, including relief of tax demand of t h e G S T d e m a nd of reasons for receipt of ₹ 1,81,97,223/- which ₹ 1,47,86,059/- and the communication was allowed to the penalty of Company on ground of ₹ 14,78,606/- for the input tax credit eligible to FY2018-19 the Company. The demand is confirmed on the following grounds: 1) Computation of input tax credit eligible to the Company 2)Alleged undischarged tax liability due to differences between returns filed by the Company 6. Period for which April 2018 to March 2019 communication would be applicable, if stated 7. Expected financial No Financial impact at The total demand implications on the this stage including Interest and ICICI Lombard General Insurance Company Limited IRDA Reg . No. 115 CIN: L67200MH2000PLC129408 You can contact us at: Mailing Address: Registered Office: Toll free No.: 1800 2666 Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com New linking Road, Malad Mumbai - 400 025. west, Mumbai - 400064. listed company, if any Penalty already forms part of the contingent liability 8. Details of any Refer Sr. No. 5 above Refer Sr. No. 5 above aberrations/ non- compliances identified by the authority in the communication 9. Details of any - The Order confirms the penalty or restriction Penalty of or sanction imposed ₹ 14,78,606/- levied on pursuant to the the Company communication 10. Action(s) taken by The Company would pursue an appeal / evaluate listed company with any other legal options against the aforesaid respect to the Orders, including filing of writ petition. communication 11. Any other relevant - - information ICICI Lombard General Insurance Company Limited IRDA Reg . No. 115 CIN: L67200MH2000PLC129408 You can contact us at: Mailing Address: Registered Office: Toll free No.: 1800 2666 Sixth floor- Interface 16, ICICI Lombard House, 414, Veer Savarkar Marg, Email: customersupport@icicilombard.com Office no 601 & 602, Near Siddhi Vinayak Temple, Prabhadevi, Website: www.icicilombard.com New linking Road, Malad Mumbai - 400 025. west, Mumbai - 400064.