the new india assurance company has closed its trading window for designated persons and their immediate relatives effective July 1, 2026. The restriction will remain in place until 48 hours after the announcement of the financial results for the quarter ending June 30, 2026. This move is intended to prevent insider trading and ensure fair disclosure of unpublished price-sensitive information during the period leading up to the earnings declaration.

The decision aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and follows clarifications provided by BSE Limited and the National Stock Exchange of India Limited. The company referenced circulars LIST/COMP/01/2019-20 and NSE/CML/2019/11 dated April 02, 2019, issued by the respective exchanges regarding trading restriction periods.

All designated persons of the company have been instructed not to trade in the company's shares during the aforementioned closure period. The trading window will reopen only after the stipulated time following the results announcement.

Key Dates

The New India Assurance Company Ltd has communicated this regulatory compliance measure to the stock exchanges to ensure transparency and adherence to insider trading norms.

The New India Assurance Company has received a penalty order of ₹6,86,196 from the Income Tax Department regarding underreported income from foreign dividends for Assessment Year 2014-15. The order, issued by the Assessment Unit, imposes a financial demand on the insurer for the specified fiscal period. The company disclosed this development in a regulatory filing submitted to the stock exchanges on June 19, 2026.

The penalty order references violation number ITBA/PNL/F/271(1)(c)/2026-27/1089890550(1). The communication was received by the company at 15:57 hrs on June 19, 2026. According to the disclosure, the penalty pertains specifically to the underreporting of income derived from foreign dividends.

In terms of financial impact, the company stated that the amount of ₹6,86,196 would be recorded as a contingent liability in its financial statements. The management indicated that it intends to pursue legal remedies to contest the demand. Specifically, the new india assurance company plans to file an appeal before the National Faceless Appeal Center (NFAC) or explore other legal options against the said order.

The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing was signed by Abhishek Pagaria, Company Secretary of The New India Assurance Company Limited.

Details of the Penalty Order

The following table outlines the key details of the regulatory action and the company's response: