NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company8 Aug 2026 · 8 Aug 2026, 09:43 am

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

ICICI Lombard General Insurance Company Limited · ICICIGI

✦ AI SummaryLitigation

ICICI Lombard General Insurance Company Limited has informed the Exchange about an update on disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has received an Intimation under Section 245 of the Income Tax Act, 1961, stating that the refund amount for AY 2025-26 is erroneously adjusted against the demand arising out of the reassessment order for AY 2015-16.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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ICICI Lombard General Insurance Company Limited has informed the Exchange about Update on Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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ICICIGI_08082026094203_SE_Intimation_Refund_adjustment_for_demand_of_AY_15-16.pdf

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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.