ICICI Lombard General Insurance Company Limited has informed stock exchanges about an inadvertent disclosure of confidential financial information by one of its designated persons. The incident involved the accidental upload of unaudited draft financial results for the quarter and nine months ended December 31, 2025, on a personal WhatsApp Status.

Incident Details

The breach occurred on January 9, 2026, at approximately 5:44 p.m., when a designated person of the company mistakenly shared information pertaining to unaudited draft financial results on their personal WhatsApp Status. Upon becoming aware of the incident within an hour, the designated person immediately deleted the WhatsApp Status from their phone.

Regulatory Compliance and Disclosure

As a precautionary measure and in compliance with good corporate governance practices, ICICI Lombard General Insurance reported this incident to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that the leaked information was in draft form and subject to changes during the ongoing audit process.

The company has cautioned investors not to rely on any information relating to financial results unless the same is officially disseminated by the company post approval of audited financial results by the Board of Directors.

Internal Investigation and Next Steps

ICICI Lombard General Insurance has initiated a comprehensive internal inquiry as per SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Insider Trading Code and other applicable policies. The investigation will examine the circumstances surrounding the inadvertent disclosure and assess any potential violations of insider trading regulations.

The company will inform the Audit Committee and Board of Directors about this incident in their upcoming meetings. Once the internal inquiry is concluded, ICICI Lombard General Insurance will share the outcome with the stock exchanges as part of its transparency and compliance obligations.

Corporate Information

The disclosure was signed by Vikas Mehra, Company Secretary, and the information has been made available on the company's website at www.icicilombard.com . The company operates under IRDA Registration Number 115 and is listed on both BSE (scrip code: 540716) and NSE (scrip code: ICICIGI).

ICICI Lombard General Insurance Company Limited has received a significant GST demand order from tax authorities, prompting the company to make a regulatory disclosure under SEBI guidelines. The order pertains to Input Tax Credit eligibility issues spanning three financial years and carries substantial financial implications for the insurance major.

GST Demand Order Details

The Additional Commissioner, CGST & Central Excise, Palghar issued the order on January 8, 2026, at 3:22 p.m. under Section 73(9) of the Central Goods and Services Tax Act, 2017. The order covers corresponding sections of respective State/UT GST Acts and Section 20 of IGST Act, 2017 across various states.

Nature of Tax Dispute

The GST demand order specifically addresses the eligibility of Input Tax Credit transferred to the company via Form ITC-02. This relates to the company's claim and utilization of input tax credits during the specified period. The tax authorities have questioned the legitimacy of these credit transfers, leading to the substantial demand notice.

Company's Response Strategy

ICICI Lombard General Insurance has outlined its approach to contest the order through multiple legal avenues. The company plans to pursue an appeal against the GST demand order and evaluate other legal options available under the law. Additionally, the company is considering filing a writ petition as part of its comprehensive legal strategy to challenge the authorities' decision.

Financial Impact Assessment

The company has stated that there is no impact at this stage, indicating that the demand order does not immediately affect its financial position. The total exposure including the primary demand and penalty amounts to approximately ₹24.76 crores, excluding the interest component which will be calculated as per Section 50 of the CGST Act.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the Industry Standards Note on Regulation 30. Company Secretary Vikas Mehra signed the disclosure document, confirming that the information provided is true, correct, and complete to the best of the company's knowledge and belief.