BSECompany Update8 Aug 2026 · 8 Aug 2026, 09:35 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 intimation from the Income Tax Department that a refund amount of ₹ 96,96,37,540 for AY 2025-26 has been adjusted against a demand arising out of a reassessment order for AY 2015-16, despite the company having received favorable orders from the CIT(A) and ITAT.
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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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August 8, 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 January 10, 2025 wherein the Company
had informed the stock exchanges regarding receipt of favorable order passed by
the Commissioner of Income Tax (Appeals) (CIT(A)) against the reassessment
order passed by Assessing Officer for Assessment Years (AY) 2012-13, AY 2015-
16 and assessment order passed for AY 2016-17 and AY 2017-18, respectively.
Subsequently, the Income Tax Department filed an appeal with the Income-tax
Appellate Tribunal (ITAT) against the favorable order passed by CIT(A). The
Company on October 9, 2025 had informed the stock exchanges regarding receipt
of combined order from the ITAT for the AY 2012-13, AY 2015-16, AY 2016-17
and AY 2017-18, wherein ITAT has partly allowed the appeal.
In this regard, please note that the Company has received an Intimation under
Section 245 of the Income Tax Act, 1961 from the Centralised Processing Center,
Income Tax Department, Bengaluru, on August 7, 2026 at 10:25 a.m. stating that
the Refund amount of ₹ 96,96,37,540 for AY 2025-26 has been adjusted against
the demand arising out of the reassessment order dated May 29, 2023 under
Section 147 of the Income Tax Act, 1961 passed by the Assessing Officer for the
AY 2015-16.
The said adjustment is done erroneously without giving consideration to the orders
in favor of the Company as stated 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.
The requisite details of the said Intimation are enclosed herewith as an Annexure
1. The disclosure as required under Regulation 30(13) of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing
Regulations) read with the Industry Standards Note on Regulation 30 of SEBI
Listing Regulations are enclosed herewith as an Annexure 2.
We further state and declare that the information and details provided in Annexure
2, in compliance with Regulation 30(13) of the SEBI Listing Regulations 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.
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. The details of any change in the The Company has received an
status and / or any Intimation under Section 245 of the
development in relation to such Income Tax Act, 1961 wherein refund
proceedings amount for AY 2025-26 is erroneously
adjusted against the demand arising
out of the reassessment order u/s 147
for AY 2015-16.
2. In the case of litigation against Not Applicable
key management personnel or
its promoter or ultimate person
in control, regularly provide
details of any change in the
status and / or any
development in relation to such
proceedings
3. In the event of settlement of the Not Applicable
proceedings, details of such
settlement including - terms of
the settlement,
compensation/penalty paid (if
any) and impact of such
settlement on the financial
position of the listed entity
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 2
Sr. Particulars Details
1. Name of the listed company ICICI Lombard General Insurance Company
Limited
2. Type of communication Intimation under Section 245 of the Income
received Tax Act, 1961
3. Date of receipt of August 7, 2026
communication
4. Authority from whom Centralised Processing Center, Income Tax
communication received Department, Bengaluru
5. Brief summary of the material Refund amount of ₹ 96,96,37,540 for AY
contents of the communication 2025-26 erroneously adjusted against the
received, including reasons for demand arising out of the reassessment order
receipt of the communication u/s 147 for AY 2015-16.
6. Period for which Assessment Year 2015-16
communication would be
applicable, if stated
7. Expected financial implications There is no material financial implication at
on the listed company, if any this stage.
8. Details of any aberrations/ -
non-compliances identified by
the authority in the
communication
9. Details of any penalty or -
restriction or sanction imposed
pursuant to the communication
10. Action(s) taken by listed The Company would pursue appropriate legal
company with respect to the actions including filing of appeal/writ petitions.
communication
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.