ICICI Lombard General Insurance Company , one of India's leading private sector general insurance companies, has received a significant GST demand order from the tax authorities. The company plans to contest this order through legal channels.

GST Demand Details

The Joint Commissioner, CGST Central Excise, Bhopal, has issued an order to ICICI Lombard, raising a GST demand of ₹47.41 crore along with a penalty of ₹47.41 crore. This order covers the financial years 2018-19 to 2022-23.

Grounds for Demand

The GST authorities have cited several reasons for this demand:

1. Reconciliation differences between tax returns and financial statements
2. Alleged delayed payment of tax on advances received
3. Short payment of tax under reverse charge mechanism on certain expenses
4. Disputes over the computation of input tax credit

Company's Response

ICICI Lombard has stated that it plans to pursue an appeal with the Appellate Authorities. The company is also evaluating other legal options, including the possibility of filing a writ petition against the order.

Importantly, the company has declared that there is no financial impact at this stage, suggesting confidence in its position and the potential for a favorable outcome through the appeal process.

Financial Context

Despite this regulatory challenge, ICICI Lombard's financial position remains robust. As per the latest balance sheet data:

The company's strong financial position, with growing assets and a solid capital base, suggests it is well-equipped to handle regulatory challenges while maintaining its market position.

Implications and Outlook

This GST demand highlights the complex regulatory environment in which insurance companies operate in India. It also underscores the importance of robust financial management and tax compliance systems.

For investors and stakeholders, while the immediate financial impact is stated to be nil, the outcome of the appeal process will be crucial to monitor. The company's proactive approach in challenging the order and its strong financial footing provide some reassurance.

As the situation develops, it will be important to watch for any updates on the appeal process and any potential long-term implications for ICICI Lombard's financial strategies and tax management practices.

ICICI Lombard General Insurance Company has announced the allotment of 55,851 equity shares under its employee stock schemes. This corporate action, approved on November 24, 2025, represents a strategic move in the company's employee compensation and retention strategy.

Allotment Details

The allotment, approved by a Whole-time Director on November 24, 2025, includes shares distributed under two distinct schemes:

Key Points

• Share Details: Each allotted equity share has a face value of ₹10.
• Parity: The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects.
• Authorization: The allotment was made under the authority delegated by the Board of Directors.

Regulatory Compliance

ICICI Lombard is expected to inform the relevant stock exchanges about this allotment, adhering to regulatory disclosure requirements.

This equity share allotment under employee stock schemes underscores ICICI Lombard's commitment to aligning employee interests with those of the company and its shareholders. Such initiatives often serve to motivate and retain talent, potentially contributing to the long-term growth and success of the organization.

Investors and stakeholders can find more information about this allotment on the company's official website at https://www.icicilombard.com .