NSEAction(s) taken or orders passed8 Sept 2026 · 8 Sept 2026, 09:08 am

Action(s) taken or orders passed

ICICI Lombard General Insurance Company Limited · ICICIGI

✦ AI Summary▼ NegativeRegulatory

ICICI Lombard General Insurance Company Limited has received an Order from Insurance Regulatory and Development Authority of India (IRDAI) levying a penalty of ₹ 1,00,00,000 (Rupees One Crore) for certain aspects pertaining to outsourcing activities undertaken by the Company under Outsourcing Regulations, 2017 read with Corporate Governance Guidelines, 2016.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk2/10
Liquidity Impact1/10
Market Sentiment2/10

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Full Announcement

ICICI Lombard General Insurance Company Limited has informed the Exchange about disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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ICICIGI_08092026090826_Stock_Exchange_Intimation-September_8.pdf

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September 8, 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: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to the provisions of Regulation 30 read with Sub-Para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby submit that the Company is in receipt of an Order dated September 7, 2026, passed by the Insurance Regulatory and Development Authority of India (“IRDAI”). The requisite details of the Order as required under Regulation 30 of the Listing Regulations are given in Annexure 1. The details as required under Regulation 30(13) of the Listing Regulations read with the Industry Standards Note on Regulation 30 of the Listing Regulations are given in Annexure 2. We further state and declare that the information and details provided in Annexure 2 , in compliance with Regulation 30(13) of the Listing Regulations 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. 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. 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 1. Name of the Authority Insurance Regulatory and Development Authority of India (IRDAI) 2. Nature and details of the IRDAI had conducted an onsite inspection of action(s) taken, or orders(s) the Company in September 2019. passed Subsequently, the Company received a Show Cause Notice dated July 8, 2024 and Supplementary Show Cause Notice dated December 17, 2024 providing an opportunity for personal hearing and additional submissions. After considering the submissions and personal hearing, IRDAI issued an Order dated September 7, 2026, levying a penalty of ₹ 1,00,00,000 (Rupees One Crore) with respect to certain aspects pertaining to outsourcing activities undertaken by the Company under Outsourcing Regulations, 2017 read with Corporate Governance Guidelines, 2016. IRDAI has also issued additional directions/advisories to the Company and advised to comply with those directions/advisories within the specified timelines. 3. Date of receipt of direction September 7, 2026 at 6:31 p.m. or order including and ad- interim or interim orders or any other communication from the authority 4. Details of the violation(s) Penalty has been levied with respect to /contravention(s) certain aspects pertaining to outsourcing committed or alleged to be activities undertaken by the Company under committed Outsourcing Regulations, 2017 read with Corporate Governance Guidelines, 2016. 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. 5. Impact on financial, The financial impact is restricted to the operation or other activities amount stated in Sl. No. 2 above. of the listed entity quantifiable in monetary No impact is expected on the operation or terms to the extent possible other activities of the Company. 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 2 Sr. Particulars Details 1. Name of the listed company ICICI Lombard General Insurance Company Limited 2. Type of communication The Company has received an Order from received IRDAI levying a penalty. IRDAI has also issued additional directions/advisories to the Company and advised to comply with those directions/advisories within the specified timelines. 3. Date of receipt of September 7, 2026 at 6:31 p.m. communication 4. Authority from whom Insurance Regulatory and Development communication received Authority of India 5. Brief summary of the material Refer Sl. No. 2 above contents of the communication received, including reasons for receipt of the communication 6. Period for which Not applicable communication would be applicable, if stated 7. Expected financial implications The financial impact is restricted to the on the listed company, if any extent of ₹ 1,00,00,000 (Rupees One Crore). No impact is expected on the operation or other activities of the Company. 8. Details of any aberrations/ IRDAI has levied Penalty with respect to non-compliances identified by certain aspects pertaining to outsourcing the authority in the activities undertaken by the Company communication under Outsourcing Regulations, 2017 read with Corporate Governance Guidelines, 2016. 9. Details of any penalty or Refer Sl. No. 2 above restriction or sanction imposed 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. pursuant to the communication 10. Action(s) taken by listed The Company is evaluating the Order and company with respect to the will take necessary actions accordingly. 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.