SBI Life Insurance has received an order from the Additional Commissioner of State Tax (Appeal), Patna Special Circle, Bihar on April 24, 2026, at 2:57 pm. This order confirms the GST demand, interest, and penalty that were initially disclosed by the company on December 22, 2025. The intimation was filed under Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Order Details

The GST order pertains to the financial year 2021-2022 and includes the following components:

The original order was received from the Deputy Commissioner of State Tax, Patna Special Central Bihar on December 22, 2025. The recent order from the Additional Commissioner of State Tax (Appeal) confirms the tax demand including interest as mentioned in the original order.

Official Communication

The company has formally communicated this development to the stock exchanges through an official letter dated April 24, 2026, bearing reference number SBIL/CS/NSE-BSE/2627/20. The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, providing details of the appellate order received.

Company Response and Impact

In response to the order, SBI Life Insurance has stated that it will file an appeal before the Competent Authority/Appellate Tribunal against the said order. The appeal will be filed in accordance with the applicable provisions under the Goods and Service Tax Act. The company has clarified that the order will have no adverse material impact on the financial operations of the company.

The intimation was signed by Girish Manik, Company Secretary (ACS No. 26391), on April 24, 2026, at 22:19:51 +05'30'. The company has requested the exchanges to disseminate this information for public information.

SBI Life Insurance Company Limited recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional activity in the insurance sector.

Block Trade Details

The transaction involved a considerable volume of shares and represents one of the notable market activities for the insurance company.

Market Significance

Block trades of this magnitude typically indicate institutional investor activity, such as mutual funds, insurance companies, or foreign institutional investors making strategic portfolio adjustments. The execution at ₹1821.50 per share reflects the current market valuation for SBI Life Insurance shares.

Such large-volume transactions are executed through block deals to minimize market impact and ensure efficient price discovery. The substantial value of ₹197.87 crores demonstrates the significant interest in the insurance company's stock among institutional participants.

Transaction Overview

The block trade represents approximately 1,086,308 shares changing hands in a single transaction. This type of institutional activity often reflects strategic investment decisions and portfolio rebalancing by large market participants in the insurance sector.