ICICI Lombard General Insurance Company witnessed a significant block trade on the National Stock Exchange (NSE), highlighting notable institutional activity in the insurance sector.

Block Trade Details

The transaction involved substantial volume and value, demonstrating significant market interest in the insurance company's shares.

Market Implications

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 ₹1,988.40 per share reflects the prevailing market conditions for ICICI Lombard General Insurance shares.

Such transactions are conducted outside the regular market mechanism to minimize price impact while facilitating large volume trades. The substantial value of ₹15.80 crores suggests significant institutional confidence or strategic repositioning in the insurance sector.

About the Transaction

The block trade mechanism allows for efficient execution of large orders without disrupting regular market trading. This particular transaction represents a meaningful volume of shares changing hands, which market participants often monitor as an indicator of institutional sentiment toward the company and the broader insurance sector.

ICICI Lombard General Insurance has received a significant GST demand order from Rajasthan tax authorities, totaling ₹2.71 crores for the financial year 2021-22. The company disclosed this development on December 26, 2025, in compliance with regulatory requirements under SEBI listing obligations.

GST Demand Details

The Deputy Commissioner of State Tax, Business Audit Wing-III-A Rajasthan, Jaipur issued the order under Section 73 of the Central Goods and Services Tax Act, 2017 and Rajasthan Goods and Services Tax Act, 2017. The total financial impact breaks down as follows:

Grounds for GST Demand

The tax authorities have imposed the demand primarily on two specific grounds. First, the order questions the computation of input tax credit eligible to the company during FY2021-22. Second, it alleges undischarged tax liability due to differences in methodology of reporting debit and credit notes between GSTR-1 and GSTR-9 filed by ICICI Lombard General Insurance.

Company's Response Strategy

ICICI Lombard General Insurance has indicated it will contest the order through multiple legal avenues. The company plans to pursue an appeal against the GST demand order and evaluate other legal options, including the possibility of filing a writ petition. The insurer has stated that there is no immediate financial impact at this stage, suggesting confidence in its position.

Regulatory Compliance

The company received the order on December 26, 2025, at 1:31 PM and promptly disclosed the information to stock exchanges in compliance with Regulation 30 of SEBI listing requirements. Company Secretary Vikas Mehra signed the disclosure, confirming that all information provided is accurate and complete to the best of the company's knowledge.

Current Status

The GST demand pertains specifically to FY2021-22 operations and represents a regulatory challenge that ICICI Lombard General Insurance will address through appropriate legal channels. The company has made the disclosure information available on its official website at www.icicilombard.com , ensuring transparency with stakeholders and investors.