ICICI Prudential Life Insurance Company Limited has formally notified BSE Limited and National Stock Exchange of India Limited about its social media publication regarding SEBI's special window for transfer and dematerialisation of physical securities. The communication, dated March 31, 2026, and signed by Company Secretary Priya Nair, informs about the company's efforts to publicise this important regulatory development to its stakeholders.

SEBI Special Window Details

The Securities and Exchange Board of India (SEBI) has opened a special window through Circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This facility will remain operational for one year until February 4, 2027, specifically designed to facilitate transfer and dematerialization of physical securities.

Eligibility and Process

The special window covers physical securities that were sold or purchased prior to April 1, 2019. Additionally, it extends to transfer requests that were previously submitted but were rejected, returned, or remained unattended due to various deficiencies in documentation, process, or other reasons.

Key features of the special window include:

• Securities will be mandatorily credited to transferees only in dematerialized form
• Transferred securities will be subject to a lock-in period of one year from registration date
• No transfer, lien-marking, or pledging allowed during the lock-in period

Application Process

Eligible shareholders seeking to utilize this special window must direct their requests to the company's Registrar and Share Transfer Agent, KFin Technologies Limited. The RTA can be contacted at their Hyderabad office located at Selenium Building, Tower-B, Plot No 31-32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500032, or via email at einward.risk@kfintech.com .

Social Media Publication

ICICI Prudential Life Insurance has published detailed information about this special window on its LinkedIn page, ensuring wide dissemination of this important regulatory update. The LinkedIn post includes comprehensive details about the process, eligibility criteria, and contact information for shareholders. The company has also made this information accessible through its official website at www.iciciprulife.com , ensuring multiple channels for stakeholder communication and transparency in regulatory compliance.

ICICI Prudential Life Insurance Company Limited has received a mixed ruling on its GST appeal from Maharashtra tax authorities, with the Joint Commissioner of State Tax, Appeals partially allowing the company's petition while upholding certain tax demands for FY2019.

Appeal Order Details

The company received the order on March 30, 2026 at 6:47 p.m. from the Joint Commissioner of State Tax, Appeals, Maharashtra. This order relates to an earlier ruling passed under Section 73 of the Maharashtra Goods and Service Tax Act, 2017 by the Deputy Commissioner of State Tax for FY2019, which the company had previously disclosed in April 2024.

Financial Implications

The total demand upheld by the authorities amounts to ₹2,407,776,714, comprising multiple components:

The company has stated that there is no impact at this stage, indicating that the financial implications may not immediately affect its operations or financial position.

Reasons for Tax Demand

The GST demand has been raised due to several compliance issues identified by the tax authorities:

• Reversal of Input Tax Credit as per GST Law
• Mismatch in ITC claimed in GSTR-3B, GSTR-2A and GSTR-9 returns
• Non-payment of tax on sale of fixed assets

These issues highlight common GST compliance challenges faced by large corporations in managing input tax credits and ensuring consistency across different GST return filings.

Company's Response

ICICI Prudential Life Insurance has indicated that it will file an appeal against the order before the appropriate authority. This suggests the company intends to challenge the portions of the ruling that went against its favor, particularly regarding the substantial financial demands.

Regulatory Compliance

The disclosure has been made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with stakeholders regarding material developments that could impact the company's operations or financial position.