ICICI Lombard General Insurance Company Limited has disclosed receiving a GST demand order from tax authorities in Punjab, totaling ₹4.24 crores for the financial year 2021-22. The company made this disclosure under Regulation 30 of SEBI listing requirements.

GST Demand Details

The order was issued by the Excise and Taxation Officer-cum State Tax Officer, Ludhiana 3-Ward no. 47, Ludhiana, Punjab, under Section 73 of the Central Goods and Services Tax Act, 2017/Punjab Goods and Services Tax Act, 2017.

Grounds for GST Demand

The tax authorities have raised the demand on two primary grounds:

• Reduction in outward liability: Issues related to the issuance of credit notes
• Input tax credit computation: Concerns regarding the computation of input tax credit eligible to the company

The order specifically covers the period of FY2021-2022 and addresses what the authorities have identified as aberrations or non-compliances in these areas.

Company's Response and Legal Action

ICICI Lombard General Insurance has stated that it plans to appeal against the order. The company may also evaluate other legal options, including filing a writ petition. At this stage, the company indicates that there is no immediate financial impact, suggesting it does not expect immediate cash flow implications while the matter is under legal proceedings.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure includes comprehensive details of the order as required by industry standards, and the information has been made available on the company's website at www.icicilombard.com .

Current Status

The matter pertains to historical transactions from FY2021-22. The company's approach to contest the order through legal channels indicates its position regarding the GST matters in question. As the legal process unfolds, stakeholders will be watching closely for any updates on this tax demand.

ICICI Lombard General Insurance Company Limited has announced a comprehensive schedule for its Q3 FY26 financial results disclosure, including both a board meeting and earnings call on January 13, 2026. The company will first conduct its board meeting to approve audited financial results, followed by an earnings call to discuss performance with stakeholders.

Board Meeting and Earnings Call Schedule

The board meeting will be held in Mumbai on Tuesday, January 13, 2026, to consider and approve the audited financial results for the quarter and nine months ending December 31, 2025. Following the board approval, the company will host an earnings call at 18:45 hrs IST to discuss the performance with investors and analysts.

Earnings Call Access Options

The company has provided multiple access options for participants to join the earnings call. Participants can either pre-register for direct access or dial-in through operator assistance. The earnings call details and publicly available documents will be hosted on the company's website at www.icicilombard.com .

Trading Window Restrictions

In compliance with SEBI regulations, ICICI Lombard has implemented a trading window closure for all designated persons and their immediate relatives. This restriction ensures adherence to insider trading regulations during the financial results declaration period.

Contact Information

For earnings call inquiries, participants can contact the company's investor relations team or external PR representatives. The company maintains transparency through multiple communication channels and ensures stakeholder engagement during financial disclosures.