BSECompany Update4d ago · 30 Jul 2026, 05:28 pm

This is to inform that the Corporation has received a communication for GST, Interest and penalty for Jharkhand state.

Life Insurance Corporation of India · 543526

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Life Insurance Corporation of India has received a communication for GST, interest, and penalty for Jharkhand state, with a demand of INR 99,09,87,896 for GST, INR 9,90,98,790 for penalty, and interest as applicable. The order is appealable before the Commissioner (Appeals), Jamshedpur. The financial impact is limited to the extent of the demand, with no material impact on financials, operations, or other activities of the Corporation.

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Growth Catalyst1/10
Governance Concern1/10
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Market Sentiment5/10

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Life Insurance Corporation of India - 543526 - GST Litigation

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Ref. No.: LIC/SE/2026-27/73 Date: July 30, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, Floor, Plot C/1, Dalal Street, G Block, Bandra Kurla Complex, Mumbai-400001 Mumbai-400051 Scrip Code: 543526 Scrip Code: LICI Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 of the Listing Regulations, it is to inform that the Life Insurance Corporation of India (“the Corporation”) has received a communication/ demand order for Goods & Service Tax, Interest and penalty for Jharkhand State. The order is appealable before the Commissioner (Appeals), Jamshedpur. The details as required under Regulation 30 of the Listing Regulations are as below: Name of the authority(s) Additional Commissioner Central GST & Central Excise, Jamshedpur Demand of GST, interest and penalty for F.Y. 2022-23 Nature and details of the action(s) GST – INR 99,09,87,896/- Interest – As Applicable Penalty - INR 9,90,98,790/- Date of receipt of communication from the July 30, 2026 authority Details of the violation(s)/contravention(s) Pre-Mature Availment of Input Tax Credit on Reverse committed or alleged to be committed Charge Mechanism Impact on financial, operation or other The financial impact of the demand is to the extent of the activities of the listed entity, quantifiable in GST, Interest and Penalty. There is no material impact on monetary terms to the extent possible. financials, operations or other activities of the Corporation. Please take the above information on record and arrange for dissemination. A copy of this intimation is also being made available on the website of the Corporation at www.licindia.in. Yours faithfully, For Life Insurance Corporation of India (Anshul Kumar Singh) Company Secretary & Compliance Officer