NSEAction(s) taken or orders passed22 Aug 2026 · 22 Aug 2026, 11:50 am
Action(s) taken or orders passed
ICICI Prudential Life Insurance Company Limited · ICICIPRULI
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ICICI Prudential Life Insurance Company Limited has received an order upholding a tax demand of ₹ 3,647,279,080, including interest and penalty, related to GST from FY2018 to FY2023. The company will file an appeal against the order.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment2/10
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ICICI Prudential Life Insurance Company Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20)
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ICICIPRULI_22082026115016_Disclosure_order_dated_21082026.pdf
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August 22, 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 June 28, 2024, pertaining to an order under Section 76 of
Central Goods and Service Tax Act, 2017 from the Joint Commissioner of CGST & Central Excise,
Maharashtra.
Subsequently, the Company filed an appeal before the Commissioner (Appeals). In this regard,
please be informed that the Company has received an order under Section 107 of the Central
Goods and Services Tax Act, 2017 from the Commissioner (Appeals Thane), on August 21, 2026
at 5:05 pm IST. The appeal petition is dismissed, thereby upholding 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 upholding the
tax demand.
3. Date of receipt of communication August 21, 2026 at 5:05 pm IST
4. Authority from whom Commissioner (Appeals Thane)
communication received
5. Brief summary of the material Amount recovered from Insurance Agents as per
contents of the communication commercial terms, alleged as GST was required to
received, including reasons for be deposited with Government.
receipt of the communication
6. Period for which communication FY2018 (July, 2017- March 2018) to FY2023
would be applicable, if stated
7. Expected financial implications on GST: ₹ 1,823,639,540/-
the listed company, if any Interest: Not quantified
Penalty: ₹ 1,823,639,540/-
Total: ₹ 3,647,279,080/-
No adverse material impact on the financial
operations of the Company
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: ₹ 1,823,639,540/-
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 appellate authority
communication in due course
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