NSEGeneral Updates4 Aug 2026 · 4 Aug 2026, 06:02 pm

General Updates

ICICI Prudential Life Insurance Company Limited · ICICIPRULI

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ICICI Prudential Life Insurance Company Limited has received an order from Commissioner (Appeals-I) Tamil Nadu, partially allowing its appeal against a tax demand for FY2018 to FY2020. The order upholds the tax demand for ₹48,842,982 with interest and penalty totaling ₹53,727,280. The company will file an appeal against the order.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

ICICI Prudential Life Insurance Company Limited has informed the Exchange about Disclosure under Regulation 30 and Regulation 51 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)

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ICICIPRULI_04082026180243_Disclosure_Order_dated_04082026.pdf

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August 4, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, Mumbai 400 001 Complex Bandra (E), Mumbai 400 051, Maharashtra, India Maharashtra, India Dear Sir / Madam, Subject: Disclosure as per Regulation 30 and Regulation 51 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) We refer to the intimation dated January 2, 2024, pertaining to an order u/s 73 of Tamil Nadu Goods and Service Tax Act, 2017 (TNGST Act) from the office of Additional Commissioner, Tamil Nadu, for FY2018 to FY2020. Subsequently, the Company filed an appeal before the Commissioner (Appeals). In this regard, please be informed that the Company has received an order from Commissioner (Appeals-I) Tamil Nadu, on August 3, 2026 at 6.22 p.m. The appeal petition is partially allowed in favour of the Company and partially upholds the tax demand. The disclosure as required under Regulation 30(13) of the SEBI Listing Regulations read with the Industry Standards Note are enclosed herewith as Annexure A. We further state and declare that the information and details provided in Annexure A, in compliance with Regulation 30(13) of the SEBI Listing Regulations, is true, correct and complete to the best of our knowledge and belief. Kindly take the same on records. Thanking you, Yours sincerely, For ICICI Prudential Life Insurance Company Limited Priya Nair Company Secretary ACS 17769 Encl.: As above CC : Axis Trustee Services Limited ICICI Prudential Life Insurance Company Limited Registered Office: ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025 India Tel.: +91 22 4039 1600 • Email: corporate@iciciprulife.com Visit us at www.iciciprulife.com • CIN: L66010MH2000PLC127837 Annexure A Sr. Particulars Details 1. Name of the listed company ICICI Prudential Life Insurance Company Limited 2. Type of communication received The Company has received an order partially in favor of the Company and partially upholding the tax demand. 3. Date of receipt of communication August 3, 2026 at 6:22 p.m. IST 4. Authority from whom Commissioner (Appeal-I) communication received 5. Brief summary of the material Demand is due to below reasons: contents of the communication 1) Mismatch in ITC claimed in GSTR -3B and received, including reasons for GSTR-2A receipt of the communication 2) Reversal of Input tax credit as per GST Law 3) GST liability paid under wrong sub-head of 4) Difference in GST Liability as per filed GSTR-1 and GSTR-9 5) Non-payment of GST on supply of life insurance made to SEZ under Letter of Undertaking 6. Period for which communication FY2018 to FY2020 would be applicable, if stated 7. Expected financial implications on GST: ₹ 48,842,982 the listed company, if any Interest: Not quantified in the Order Penalty: ₹ 4,884,298 Total: ₹ 53,727,280 No impact at this stage 8. Details of any aberrations/non- Please refer Serial No. 2 above compliances identified by the authority in the communication 9. Details of any penalty or restriction Penalty: ₹ 4,884,298 or sanction imposed pursuant to the communication 10. Action(s) taken by listed The Company shall file an appeal against the company with respect to the said order before appropriate authority communication 11. Any other relevant information - ICICI Prudential Life Insurance Company Limited Registered Office: ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025 India Tel.: +91 22 4039 1600 • Email: corporate@iciciprulife.com Visit us at www.iciciprulife.com • CIN: L66010MH2000PLC127837