ICICI Prudential Life Insurance Company Limited has disclosed an update regarding a Goods and Service Tax (GST) appeal order for FY2018. The Additional Commissioner of State Tax, Appellate Authority, Vijayawada, issued a common appeal order on December 2, 2025, which was partially in the company's favor and partially upheld the tax demand. The company stated it would pay the resulting tax liability without admitting to the allegations.

The demand arose due to excess Input Tax Credit in GSTR-3B vis-à-vis GSTR-2A. The financial implications of the order include a GST demand of ₹ 76,550/-, interest of ₹ 78,899/-, and a penalty of ₹ 10,000/-. The total liability amounts to ₹ 1,65,449/-.

The company has taken the necessary action to pay the tax liability mentioned in the order. This disclosure was made in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to the stock exchanges, BSE Limited and National Stock Exchange of India Limited, on July 2, 2026.

The following table details the financial implications of the order:

The filing was signed by Priya Nair, Company Secretary and ACS 17769. Axis Trustee Services Limited, Debenture Trustee, was also marked a copy of the disclosure.

ICICI Prudential Life Insurance Company Limited successfully concluded its 26th Annual General Meeting (AGM) on June 30, 2026, with shareholders approving all proposed resolutions via remote and electronic voting. The meeting, conducted through video conferencing, saw the adoption of financial statements for the year ended March 31, 2026, and the declaration of a dividend on equity shares.

The proceedings were presided over by Mr. Sandeep Batra, Chairman of the Board of Directors, and attended by key members of the board and management, including Mr. Anup Bagchi, Managing Director & CEO. The statutory auditors, Mr. Khushroo B. Panthaky and Mr. Harnish Shah, as well as the secretarial auditor, were present. The Scrutiniser, Mr. Alwyn D'Souza, oversaw the voting process, confirming that all resolutions were passed with the requisite majority.

Voting Results

The voting results, consolidated by the Scrutiniser, indicated strong shareholder support across all agenda items. The approval of financial statements and the declaration of dividend received overwhelming backing, with 100% and 99.99% of valid votes cast in favour, respectively. The re-appointment of Mr. Sandeep Batra as Director was approved by 98.14% of the valid votes.

Resolution Summary

Key Approvals

Shareholders approved the appointment of Chaturvedi & Co. LLP as a Joint Statutory Auditor to hold office until the conclusion of the 30th AGM. The remuneration for M. P. Chitale & Co., the other joint statutory auditor, was also approved for FY2027. Additionally, the meeting sanctioned the assignment of the audit of the company's IFSC Insurance Office to M. P. Chitale & Co. for FY2026 to FY2028.

The AGM also approved the remuneration of Mr. Anup Bagchi, Managing Director and CEO, effective from April 1, 2026. Material related party transactions with ICICI Bank Limited and ICICI Securities Primary Dealership Limited for FY2028 were approved, with votes from related parties excluded from the final count.