GST order from Punjab tax authority; company to appeal

Regulatory & Legal View source PDF Explain this filing

ICICIGI · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹1960.00

prior close

₹1959.30

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.3%-0.1% vs market

General Insurance peers, median of 5sector-0.2%-0.2% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.2 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.2

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.3-0.1-0.2-0.2

Next day

-0.8-0.7-0.1-0.9+0.2

-0.3-0.8+0.6+0.1-0.4

+0.1+0.1-0.1+0.4-0.4

-0.3+0.5-0.9+1.7-2.0

+0.6+1.5-0.9+1.5-0.8

+2.6+1.2+1.4-0.4+3.0

15d

-3.8-1.7-2.2-2.3-1.6

-7.5-5.1-2.4-3.9-3.6

-0.8-0.7-0.1+0.5-1.3

-11.2-10.3-0.9-6.2-5.0

UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICICI Lombard received a GST order from Ludhiana tax authority for FY 2021-22. Demand of Rs 2.20 crore, interest Rs 1.49 crore, penalty Rs 55 lakh (about Rs 4.24 crore total) over disputes on credit notes and input tax credit. No immediate impact stated; company plans to appeal or file writ petition.

Likely market impact

Tax demand of about Rs 4.24 crore contested via appeal. Negligible compared to company size. Minor short-term negative sentiment likely.