BSECompany Update7 Oct 2026 · 7 Oct 2026, 10:47 am
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 an order from the Joint Commissioner (Appeals-I), Hyderabad confirming a GST demand of ₹ 2,41,82,080, interest of ₹ 1,47,485, and a penalty of ₹ 2,64,01,686 for the period July 2017 to March 2018. The company will pursue an appeal and evaluate other legal options.
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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 7, 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 November 22, 2024, wherein the Company had
informed the stock exchanges regarding receipt of an Order from the Assistant
Commissioner of Central Tax, Ameerpet GST Division, Hyderabad GST Commissionerate
at Hyderabad Branch, raising a GST demand of ₹ 2,41,82,080/-, Interest of ₹ 1,47,485/-
and levying Penalty of ₹ 2,64,01,686/- for the period July 2017 to March 2018 under
Section 74 of the Central Goods and Services Tax Act, 2017 (“the Act”). 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 Joint
Commissioner (Appeals-I), Hyderabad on October 6, 2026 at 11:15 a.m., confirming the
GST demand of ₹ 2,41,82,080/-, Interest of ₹ 1,47,485/- and levying Penalty of
₹ 2,64,01,686/-. 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.
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 listed company ICICI Lombard General Insurance
Company Limited
2. Type of communication received Order received by the Company under
Section 107 of the Central Goods and
Services Tax Act, 2017 /Telangana Goods
and Services Tax Act, 2017
3. Date of receipt of communication October 6, 2026
4. Authority from whom Joint Commissioner (Appeals-I),
communication received Hyderabad
5. Brief summary of the material Order has confimed demand primarily on
contents of the communication following grounds:
received, including reasons for 1. Computation of input tax credit eligible
receipt of the communication to the Company
2. Undischarged interest liability related
to alleged delayed payment of tax by
the Company
3. Alleged undischarged tax liability due
to differences between returns filed by
the Company
6. Period for which communication July 2017 to March 2018
would be applicable, if stated
7. Expected financial implications on No impact at this stage, as total demand
the listed company, if any as per order including Interest and Penalty
amount is already forming part of
contingent liability.
8. Details of any aberrations/ non- Refer Sr. No. 5 above
compliances identified by the
authority in the communication
9. Details of any penalty or restriction Penalty of ₹ 2,64,01,686/-
or sanction imposed pursuant to the
communication
10. Action(s) taken by listed company The Company would pursue an appeal /
with respect to the communication evaluate any other legal options including
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.