HDFC Life Insurance Company Ltd has confirmed a total tax demand of Rs 132.7 crore following an order from the Commissioner (Appeals Thane), CGST & Central Excise, Thane Commissionerate, Maharashtra. The order, received on June 29, 2026, upholds the demand including interest and penalty for the period from July 1, 2017 to March 31, 2022. The company stated that this development will not have a material adverse impact on its financial operations.

The initial demand was received on June 27, 2024, from the Joint Commissioner, CGST & Central Excise, Thane Commissionerate, Maharashtra. The breakdown of the confirmed liability includes the principal tax demand and an equivalent penalty amount. The company intends to challenge the order by filing an appeal before the GST Appellate Tribunal.

Details of the GST Order

The following table outlines the key components of the tax demand confirmed by the appellate authority:

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015. Nagesh Pai, Company Secretary & Compliance Officer, signed the intimation regarding the matter.

HDFC Life Insurance Company Limited has scheduled its 26th Annual General Meeting (AGM) for Thursday, July 16, 2026, at 2.00 p.m. IST. The meeting will be conducted via video-conferencing or other audio-visual means, adhering to the provisions of the Companies Act, 2013 and circulars from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

The Notice of the 26th AGM and the Integrated Annual Report for FY 2025-26 were dispatched electronically on Wednesday, June 24, 2026. These documents were sent to members whose email IDs were registered with the company, KFin Technologies Limited – Registrar and Share Transfer Agent, or Depository Participants as of the cut-off date of Friday, June 19, 2026. Shareholders without registered email IDs will receive a letter containing a web-link to access the documents.

Members can cast votes on resolutions using the e-voting facility either during the remote e-voting period or during the AGM. The remote e-voting schedule and key dates are detailed below:

Shareholders who vote via remote e-voting are not entitled to vote again at the AGM. Those holding equity shares as of the e-voting cut-off date can obtain their login ID and password by following instructions in the AGM notice or by contacting the e-voting service provider.

Helpline details have been provided to assist shareholders with the login process for NSDL and CDSL:

The documents are available on the company's website, the websites of NSE and BSE, and the NSDL e-voting portal.