ICICI Lombard General Insurance has received a revised order from the Office of the Commissioner of GST & Central Excise (Appeals - I), Chennai on April 29, 2026, at 12:38 p.m. The order, received under Section 107 of the Central Goods and Services Tax Act, 2017 and the Tamil Nadu GST Act, 2017, imposes a revised interest demand of ₹72,44,780 and a penalty of ₹3,05,98,935 for the period April 2018 to May 2019.

The order relates to undischarged interest liability connected to alleged delayed payment of tax by the company. According to the disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company stated that there would be no impact at this stage. The requisite details of the order have been provided as an annexure to the communication.

Background of the Case

The development follows an earlier intimation dated April 16, 2024, wherein the company had informed the stock exchanges about receiving an order from the Additional Commissioner, GST & Central Excise, Chennai North. That original order had raised an interest demand of ₹1,49,38,247 and levied a penalty of ₹5,76,34,666 for the period April 2018 to March 2021. The company had subsequently filed an appeal against that order.

Financial Implications and Comparison

The revised order shows a significant reduction in both interest demand and penalty amounts compared to the original order:

Regulatory Compliance Details

The company has provided comprehensive details of the communication in compliance with regulatory requirements:

Company's Response and Next Steps

ICICI Lombard General Insurance Company Limited has indicated that it would pursue an appeal or evaluate any other appropriate actions against the revised order. The company has confirmed that the information provided in compliance with Regulation 30(13) of the SEBI regulations is true, correct, and complete to the best of its knowledge and belief. The communication was signed by Company Secretary Vikas Mehra and has been made available on the company's website at www.icicilombard.com .

ICICI Lombard General Insurance Company Limited has announced the allotment of 61,961 equity shares under its employee stock option schemes on April 22, 2026. The allotment represents the company's continued commitment to employee participation through equity-based compensation programs.

Share Allotment Details

The company has allotted a total of 61,961 equity shares of ₹10.00 each across two distinct employee schemes. The distribution demonstrates the utilization of both legacy and contemporary employee stock programs within the organization.

Approval and Authorization

The allotment received approval from a Whole-time Director of the Company on April 22, 2026 at 10:13 p.m. This approval was granted pursuant to the authority delegated by the Board of Directors at its meeting held on July 18, 2023. The delegation of authority ensures efficient processing of employee stock option exercises while maintaining proper governance oversight.

Share Rights and Status

The newly allotted equity shares will rank pari-passu with the existing equity shares of the Company in all respects. This ensures that employees receiving these shares through the stock option schemes will have identical rights and privileges as other equity shareholders of the company.

Corporate Communication

The company has formally communicated this allotment to both major stock exchanges - BSE Limited and National Stock Exchange of India Limited through an official letter signed by Company Secretary Vikas Mehra. The communication was digitally signed and timestamped at 23:11:00 on April 22, 2026. The information regarding this allotment is also available on the company's official website at www.icicilombard.com , ensuring transparency and compliance with regulatory disclosure requirements.