ICICI Lombard Concludes Internal Inquiry on Inadvertent Financial Data Disclosure

1 min read     Updated on 23 Jan 2026, 07:48 PM
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Overview

ICICI Lombard General Insurance has completed its internal investigation into the inadvertent disclosure of Q3 FY26 financial results on WhatsApp, finding no malicious intent. The Board and Audit Committee meeting on January 23, 2026, confirmed the incident was unintentional, and appropriate disciplinary action has been taken against the responsible designated person in accordance with company policies.

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ICICI Lombard General Insurance Company Limited has concluded its internal investigation into an inadvertent disclosure of confidential financial information, confirming that no malicious intent was involved in the incident. The company's Board of Directors and Audit Committee convened on January 23, 2026, to review the findings of the inquiry and determine appropriate corrective measures.

Investigation Findings and Board Resolution

The internal inquiry examined the circumstances surrounding the inadvertent upload of unaudited draft financial results for the quarter and nine months ended December 31, 2025, on a designated person's WhatsApp status. The investigation concluded that the disclosure was unintentional, with no evidence of deliberate wrongdoing or malicious intent.

Meeting Details: Information
Meeting Date: January 23, 2026
Start Time: 4:28 p.m.
End Time: 5:00 p.m.
Committees: Board of Directors and Audit Committee

Disciplinary Action and Policy Compliance

Following the investigation's completion, ICICI Lombard General Insurance has implemented appropriate disciplinary measures against the designated person responsible for the inadvertent disclosure. The company confirmed that all actions taken align with its established internal policies and procedures for handling such incidents.

The company initially reported the inadvertent disclosure incident on January 10, 2026, demonstrating its commitment to transparency and regulatory compliance under SEBI regulations.

Regulatory Compliance and Transparency

The disclosure update was communicated to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made this information available on its official website at www.icicilombard.com , ensuring stakeholders have access to complete details about the incident and its resolution.

This incident highlights the importance of robust internal controls and data security measures in handling sensitive financial information, particularly in the digital communication era where inadvertent disclosures can occur through social media platforms.

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ICICI Lombard General Insurance Secures Temporary Stay on ₹17,289 Crore GST Demand from Bombay High Court

1 min read     Updated on 23 Jan 2026, 10:46 AM
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Reviewed by
Shriram SScanX News Team
Overview

ICICI Lombard General Insurance has obtained a temporary stay from the Bombay High Court on a GST demand of ₹17,288.61 crores and penalty of ₹1,728.86 crores, totaling over ₹19,000 crores in potential liability. The company has confirmed no current financial impact from this ruling, indicating the stay provides effective protection from immediate payment obligations while legal proceedings continue.

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ICICI Lombard General Insurance has secured significant legal relief as the Bombay High Court granted a temporary stay on a substantial GST demand and associated penalties. This development provides immediate respite to the insurance company from a major tax liability that could have had considerable financial implications.

Court Ruling Details

The Bombay High Court's decision encompasses both the primary GST demand and substantial penalties imposed on the company. The temporary stay effectively suspends the company's immediate obligations related to this tax matter.

Component Amount (₹ Crores)
GST Demand 17,288.61
Penalty 1,728.86
Total Liability 19,017.47

Financial Impact Assessment

The company has explicitly stated that there is no financial impact currently resulting from this court ruling. This indicates that the temporary stay effectively shields ICICI Lombard General Insurance from immediate payment obligations or financial consequences related to the GST demand and penalties.

The substantial nature of the GST demand, totaling over ₹17,000 crores, represents a significant sum that could have materially affected the company's financial position had the stay not been granted. The additional penalty of ₹1,728.86 crores further amplifies the total potential liability to over ₹19,000 crores.

Legal Proceedings Status

The temporary nature of the stay suggests that this is an interim measure while the underlying GST matter continues to be adjudicated. The court's decision provides the company with breathing room to pursue its legal remedies and present its case regarding the GST demand without facing immediate financial pressure.

This legal development allows ICICI Lombard General Insurance to continue its operations without the immediate burden of this substantial tax liability, while the matter remains under judicial consideration.

Historical Stock Returns for ICICI Lombard General Insurance

1 Day5 Days1 Month6 Months1 Year5 Years
-1.59%-3.34%-7.94%-8.49%-2.93%+24.79%
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