NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company14 Jul 2026 · 14 Jul 2026, 09:00 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
ICICI Lombard General Insurance Company Limited · ICICIGI
✦ AI Summary▼ NegativeLitigation
ICICI Lombard General Insurance Company Limited has informed the Exchange about an Arbitration Award passed by the Arbitral Tribunal allowing the claim of the Insured against the Company, resulting in a payment of ₹ 776.73 million, plus interest.
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Growth Catalyst1/10
Governance Concern5/10
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Full Announcement
ICICI Lombard General Insurance Company Limited has informed the Exchange about Update on litigation- Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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ICICIGI_14072026205854_SE_Intimation_Update_on_litigation_Roadways.pdf
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July 14, 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 litigation- Disclosure under Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
This is in furtherance to our letter dated August 14, 2023, wherein the Company
had informed the stock exchanges about the details of pending litigations/disputes.
In this regard, please note that the Company has received an Arbitration Award
passed by Arbitral Tribunal through its legal counsel on July 13, 2026 at 9:13 p.m.
The Arbitration Award allowed the claim made by the Insured against the Company
in relation to dispute between the parties.
The requisite details in relation to the said Arbitration Award are enclosed herewith
as an Annexure 1. We further state and declare that the information and details
provided in Annexure 2, 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.
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
Particulars Details
The details of any change in the Brief Facts of the Case
status and/or any development in
relation to such proceedings Name: M/s. Roadway Solutions Narayanpur
Roads Project Pvt. Limited (Insured)
Tribunal: Arbitral Tribunal
Facts - The insured had obtained a total of
Six (6) insurance policies from Bharti AXA
General Insurance Company Limited (Bharti
AXA/Insurer), whose business was acquired
by the Company in September 2021. In
September 2021, the Insured invoked
arbitration proceedings against the Insurer
disputing the quantum of claim paid by
erstwhile Bharti AXA.
The aggregate claim amount under dispute
was approximately ₹ 892.54 million.
Update:
The Arbitral Tribunal has passed an
Arbitration Award to pay the Insured an
amount of ₹ 776.73 million, plus interest at
the rate of 7.5% p.a. from the date of filling of
Statement of Claim until the date of
payment.
The Company is evaluating available legal
remedies and shall take necessary steps
accordingly.
In the case of litigation against key Not applicable
management personnel or its
promoter or ultimate person in
control, regularly provide details of
any change in the status and / or any
development in relation to such
proceedings
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.
In the event of settlement of the Not Applicable
proceedings, details of such
settlement including - terms of the
settlement, compensation/ penalty
paid (if any) and impact of such
settlement on the financial position
of the listed entity.
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 Certified Copy of the Arbitration Award
received passed by the Arbitral Tribunal allowing the
claim of the Insured against the Company.
3. Date of receipt of July 13, 2026
communication
4. Authority from whom Arbitral Tribunal
communication received
5. Brief summary of the material The Arbitral Tribunal has passed an
contents of the communication Arbitration Award to pay the Insured an
received, including reasons for amount of ₹ 776.73 million, plus interest at the
receipt of the communication rate of 7.5% p.a. from the date of filling of
Statement of Claim until the date of payment.
6. Period for which The dispute pertains to insurance policies
communication would be issued during the period from September 2018
applicable, if stated to September 2020.
7. Expected financial implications As of now, there is no material financial impact
on the listed company, if any on the Company.
8. Details of any aberrations/ None
non-compliances identified by
the authority in the
communication
9. Details of any penalty or None
restriction or sanction imposed
pursuant to the communication
10. Action(s) taken by listed The Company is evaluating available legal
company with respect to the remedies and shall take necessary steps
communication accordingly.
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.