NSEDisclosure of material issue19 Jun 2026 · 19 Jun 2026, 06:45 pm
Disclosure of material issue
The New India Assurance Company Limited · NIACL
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The New India Assurance Company Limited has announced the receipt of a penalty order from the Income Tax Department. The order demands a payment of Rs. 6,86,196/- for the Assessment Year 2021-22. While disclosed as a material issue under SEBI regulations, the financial impact of this penalty amount is relatively insignificant for a large insurance company. Investors should note this as a routine regulatory compliance disclosure rather than a substantial financial burden.
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The New India Assurance Company Limited has informed regarding Disclosure of material issue
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NIACL_19062026184444_Reg_30_penalty.pdf
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THE NEW INDIAASSURANCE COMPANY LTD.
(Govt. of India Undertaking)
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Phone 0222270 8100
Regd. & Head Office : New lndia Assurance Bldg., 87, M.G. Road, Fort, Mumbai - 400 001 o222270 8400
CIN No. L66000MHl 91 9GO1000526 Website www.newindia.co.in
Ref. No. : NIACL/CMD-Board Sectt I 2026-27 June 19,2026
The Manager The Manager
Listing Department Listing Department
BSE Limited The National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Tower Exchange Plaza,Sth floor, Plot C/1,
Dalal Street G Block, Bandra-Kurla Complex
Mumbai 4OO OO1 Mumbai 4OO O51
Scrip Code: (BSE - 540769/NSE - NIACL)
Dear Sir/Madam,
Sub: Disclosure under Regulation 3O of SEBI (LODRI Regulations, 2O15 to Stock Exchanges
With reference to the captioned subject, we would like to inform you that the Company has received
Penalty Order from Assessment Unit, Income Tax Department wherein demand of Rs. 6,86,196/- for
AY 2014-15 has been made.
This information as required under Clause 20 of Para A of Part A of Schedule III of the SEBI Listing
Regulations is enclosed in the Annexure below.
Thanking You
Yours Sincerely,
For The New India Assurance Company Llmlted
Abhishek Pagaria
Company Secretary
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THE NEW TNDTAASSURANCE CO. LTD. MUMBAT(H.O.)
Annexure
Name of the Authoritv Assessment Unit, Income Tax Department
Nature and details of the action(s) taken or ITBA / PNL/ F I 27 L (Il(cl I 2026 -27 I 1 08e8e0ss0( 1 )
order(sl passed
Date of receipt of direction or order, lncluding 19th June 2026 at 15:57 hrs
any ad interim or interim orders, or any other
communication from the authoritv
Details of the violatlon(s)/ contravention(sf Penalty levied towards underreporting of income
committed or alleged to be commltted from foreien dividend
Impact on financial, operation or other Rs.6,86,196/-
activities of the listed entlty quantlflable ln The same would be shown as a contingent
monetary terms to the extent possible liability in the financial statements of the
company.
Company would pursue an appeal before
National Faceless Appeal Center (NFAC) or other
legal options against the said order.
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