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 board meeting scheduled for January 13, 2026, to consider and approve the audited financial results for the quarter and nine months ending December 31, 2025. The announcement was made through a regulatory filing dated December 23, 2025, addressed to both BSE Limited and National Stock Exchange of India Limited.

Board Meeting Details

The meeting will be held in Mumbai on Tuesday, January 13, 2026, in accordance with Regulation 29 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will deliberate on the audited financial results and statements for the third quarter of FY26.

Trading Window Closure

In compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, ICICI Lombard has announced a trading window closure. This restriction will apply to all designated persons of the company and their immediate relatives.

Regulatory Compliance

The announcement demonstrates the company's adherence to regulatory requirements and corporate governance standards. The communication was signed by Vikas Mehra, Company Secretary of ICICI Lombard General Insurance Company Limited, and submitted to both major stock exchanges where the company's equity shares are listed.

The company maintains its registered office at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai-400025, and operates under the regulatory oversight of the Insurance Regulatory and Development Authority of India.