The new india assurance company Limited has announced a significant administrative change with the appointment of Alankit Assignment Ltd as its new Registrar and Share Transfer Agent (RTA), replacing the incumbent MUFG Intime India Pvt Ltd. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Change in Registrar and Share Transfer Agent

The transition comes as MUFG Intime India Pvt Ltd completes its tenure as the company's RTA. The outgoing firm had been serving The New India Assurance Company Limited from FY 2022-23 to FY 2025-26, with their appointment scheduled to end on 31st March, 2026.

Appointment Process and Timeline

The selection of Alankit Assignment Ltd was conducted through a competitive Request for Proposal (RFP) process. The company has indicated that the effective date of the RTA change will be communicated to the stock exchanges in due course, as various formalities are currently underway.

The transition process encompasses several critical components:

• Documentation and agreement execution
• Shifting of electronic connectivity systems
• Complete data migration and transition
• Signing of tripartite agreement as per SEBI regulations

Regulatory Compliance

Once the data migration is completed, The New India Assurance Company Limited will execute the required tripartite agreement in accordance with Regulation 7 of SEBI (LODR), 2015. This agreement will subsequently be presented to the Board of Directors and submitted to the stock exchanges for regulatory compliance.

Corporate Communication

The announcement was signed by Abhishek Pagaria, Company Secretary, and communicated to both BSE Limited and The National Stock Exchange of India Ltd on 30th March, 2026. The company has requested the stock exchanges to take note of this administrative change for their records.

The New India Assurance Company has received a significant tax assessment order from the income tax authorities, marking a notable development in the company's regulatory affairs. The company disclosed this information under Regulation 30 of SEBI (LODR) Regulations, 2015, highlighting the material nature of this development for stakeholders.

Tax Assessment Order Details

The Income Tax Department has passed an assessment order under Section 143(3) of the Income Tax Act for Assessment Year 2023-24. The company received the order on March 23, 2026, at 18:42 hours from the National Faceless e Assessment Center.

Nature of Disallowances

The assessment order involves disallowances of certain expenses as determined by the income tax authorities. The total demand computed by the Income Tax Department amounts to ₹1,89,37,08,470, representing a substantial financial implication for the government-owned insurance company.

Company's Strategic Response

The New India Assurance Company has outlined a clear strategy to address this tax assessment. The company will treat the demand as a contingent liability in its financial statements, indicating that it does not accept the assessment as final. This accounting treatment reflects the company's position that the disallowances are disputed and subject to appeal.

The company has announced its intention to pursue an appeal before the National Faceless Appeal Centre (NFAC) or explore other available legal options against the said order. This approach demonstrates the company's commitment to challenging what it believes are unjustified disallowances.

Regulatory Compliance and Disclosure

The disclosure was made in compliance with SEBI LODR Regulations, 2015, as the order meets the criteria specified for mandatory disclosure to stock exchanges. The company secretary, Abhishek Pagaria, signed the disclosure document, ensuring proper regulatory compliance and transparency with shareholders and market participants.