Promoters of Go Digit General Insurance Ltd have declared that they did not create any encumbrance on their shares during the financial year 2025-26. The disclosures were submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declarations confirm that the promoters and persons acting in concert have not pledged or otherwise encumbered their holdings directly or indirectly, other than those already disclosed.

The submissions were made by key promoter entities, including Go Digit Infoworks Services Private Limited, FAL Corporation, Oben Ventures LLP, and individual promoter Kamesh Goyal. The declarations were addressed to the stock exchanges and the Audit Committee of Go Digit General Insurance Ltd. The filings provide transparency regarding the shareholding structure and the financial standing of the promoters during the specified period.

Declarations from Promoter Entities

The following table summarizes the declarations received from the promoters regarding their shareholding status for the financial year 2025-26:

Regulatory Compliance

The disclosures were formally submitted by Tejas Saraf, Company Secretary & Compliance Officer of Go Digit General Insurance Ltd, on April 7, 2026. The individual declarations from the promoters were signed between April 2, 2026, and April 7, 2026. These filings ensure adherence to the regulatory framework governing substantial acquisitions and takeovers, providing shareholders with necessary information about the promoters' holdings.

Go Digit General Insurance has received a Show Cause Notice (SCN) from the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, alleging ineligible availment of input tax credit (ITC) amounting to Rs 20.51 crore. The notice, issued under Section 74(1) of the Central Goods and Services Tax Act, 2017, demands the payment of this amount along with applicable interest and penalty for the period spanning September 2022 to March 2024. The company confirmed that no immediate financial impact is expected at this stage as it evaluates the notice.

The SCN was received on May 25, 2026, and specifically targets the company's ITC claims during Financial Years 2022-23 and 2023-24. According to the disclosure, the GST Authority has raised a demand of Rs 20,51,00,281, alleging that the credit claimed was ineligible. The penalty sought is equivalent to the ineligible ITC demanded, while interest will be calculated as applicable under Section 50(3) of the CGST Act, 2017 read with Rule 88B of the CGST Rules, 2017.

Go Digit General Insurance stated that it is currently evaluating the SCN based on advice from its tax advisors. The company plans to file a detailed reply with the adjudicating authority within the prescribed timelines. Furthermore, it intends to pursue all available legal remedies to contest the demand raised by the authority.

The disclosure was made to the stock exchanges on May 26, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that the communication is a Show Cause Notice and that no final order has been passed as of the date of the filing.

Key Details of the Show Cause Notice