BSECompany Update1 Oct 2026 · 1 Oct 2026, 05:00 pm
Update on Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclsoure Requirements) Regulations, 2015
ICICI Lombard General Insurance Company Ltd · 540716
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ICICI Lombard General Insurance Company Ltd has received an Order from the Additional Commissioner of CGST (Appeals-I), Chennai, partially allowing its appeal against a GST demand of ₹ 2,563,372/-, with a revised demand of ₹ 3,34,646/- and a penalty of ₹ 97,751/- for the period July 2017 to March 2020.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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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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October 1, 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 December 28, 2023, wherein the
Company had informed the stock exchanges regarding receipt of an Order from
the Assistant Commissioner of GST & Central Excise, Nugambakkam Division,
Chennai under Section 73 of the Central Goods and Services Tax Act, 2017 (“the
Act”), raising a net GST demand of ₹ 2,563,372/- (GST + Penalty) excluding interest
under Section 50 of the Act for the period from July 2017 to March 2020.
Subesquently, the Company had filed an appeal against the said Order.
In this regard, please note that the Company has received an Order from the
Additional Commissioner of CGST (Appeals-I), Chennai on September 30, 2026 at
5:29 p.m., wherein the appeal is partially allowed in favour of the Company, with
revised GST demand of ₹ 3,34,646/-, Interest under Section 50 of the Act and
Penalty of ₹ 97,751/- for the period July 2017 to March 2020. The Company would
pursue an appeal / evaluate any other legal options including filing of writ petition.
The requisite details of the aforesaid Order are enclosed herewith as Annexure 1.
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.
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.
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
1. Name of the listed company ICICI Lombard General Insurance
Company Limited
2. Type of communication Order received by the Company under
received Section 107 of the Central Goods and
Services Tax Act, 2017/ Tamil Nadu
Goods and Services Tax Act, 2017
3. Date of receipt of September 30, 2026
communication
4. Authority from whom Additional Commissioner of CGST
communication received (Appeals-I), Chennai
5. Brief summary of the material The appeal is partially allowed in favour
contents of the communication of the Company, with revised GST
received, including reasons for demand of ₹ 3,34,646/- and Penalty of
receipt of the communication ₹ 97,751/- related to computation of
Input Tax Credit eligible to the Company.
6. Period for which July 2017 to March 2020
communication would be
applicable, if stated
7. Expected financial implications No impact at this stage.
on the listed company, if any
8. Details of any aberrations/ Refer Sr. No. 5 above
non-compliances identified by
the authority in the
communication
9. Details of any penalty or Penalty of ₹ 97,751/-
restriction or sanction imposed
pursuant to the
communication
10. Action(s) taken by listed The Company would pursue an appeal /
company with respect to the evaluate any other legal options including
communication filing of writ petition.
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.