With reference to its letter dated November 22, 2024, wherein the Company had informed the stock exchanges regarding receipt of an Order from the Assistant Commissioner of Central Tax, Ameerpet GST Division, Hyderabad GST Commissionerate at Hyderabad Branch, raising a GST demand of ? 2,41,82,080/-, Interest of ? 1,47,485/- and levying Penalty of ? 2,64,01,686/- for the period July 2017 to March 2018 under Section 74 of the Central Goods and Services Tax Act, 2017 (‘the Act’). Subsequently, the Company had filed an appeal against the said Order. In this regard, ICICI Lombard General Insurance Company has informed that the Company has received an Order from the Joint Commissioner (Appeals-I), Hyderabad on October 6, 2026 at 11:15 am, confirming the GST demand of ? 2,41,82,080/-, Interest of ? 1,47,485/- and levying Penalty of ? 2,64,01,686/-. The Company would pursue an appeal / evaluate any other legal options including filing of writ petition. The requisite details of the aforesaid Order are enclosed herewith as Annexure 1. Further the company has declared that the information and details provided in Annexure 1, in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Industry Standards Note on Regulation 30 are true, correct and complete to the best of its knowledge and belief. The above information will also be made available on the Company's website at www.icicilombard.com.
The above information is a part of company’s filings submitted to BSE.
