The New India Assurance Company has disclosed receipt of an income tax refund from the Income Tax Department amounting to ₹612.34 crore. The refund pertains to assessment years 2014-15 and 2017-18, as communicated to the stock exchanges in a regulatory filing.

Refund Components and Details

The total refund amount includes a significant interest component, demonstrating the substantial time value impact on the delayed refund processing. The detailed breakdown shows the composition of the total amount received:

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring transparency with stakeholders regarding material events. The communication was formally addressed to the Listing Departments of both BSE Limited and The National Stock Exchange of India Ltd.

The New India Assurance Company Ltd., a Government of India undertaking, is registered and headquartered at New India Assurance Building, 87, M.G. Road, Fort, Mumbai. The regulatory filing was digitally signed by Abhishek Pagaria, Company Secretary, confirming the authenticity of the disclosure.

Financial Impact

This substantial refund represents a positive cash flow for the insurance company, particularly significant given the interest component of ₹180.51 crore. The refund covers assessment years spanning from 2014-15 to 2017-18, indicating resolution of long-pending tax matters with the Income Tax Department.

The new india assurance company Ltd has issued formal responses to BSE Limited regarding trading activity inquiries, demonstrating its commitment to regulatory transparency and compliance with exchange requirements.

Latest Price Movement Clarification

The government-owned insurance company responded to BSE's price movement inquiry dated April 15, 2026, through an official communication on April 16, 2026. Company Secretary Abhishek Pagaria signed the response, addressing concerns about unusual price behavior in the company's scrip.

Regulatory Compliance Confirmation

The company's response emphasized strict adherence to regulatory disclosure norms under Regulation 30 of the Securities and Exchange Board of India LODR Regulations 2015. The New India Assurance Company confirmed that all required disclosures, including price-sensitive information affecting company operations and performance, have been disseminated to exchanges promptly.

Comprehensive Disclosure Statement

In its clarification to BSE, the company explicitly stated that it is not aware of any other information or announcement, including impending announcements, which could influence the price or volume behavior of its scrip. This comprehensive disclosure approach aligns with the company's Corporate Governance Policies and transparency commitments.

Previous Exchange Communications

The company has maintained consistent communication with BSE regarding trading inquiries. Earlier in April 2026, the insurer had responded to a volume movement inquiry dated April 13, 2026, following similar protocols for regulatory compliance and transparency.

Corporate Communication Standards

The response was digitally signed by Company Secretary Abhishek Pagaria and addressed to the Manager of the Listing Department at BSE Limited's Phiroze Jeejeebhoy Tower in Mumbai. The company requested BSE to take the clarification on record, completing the formal response process to exchange inquiries about trading patterns in listed securities.