Announced Thu, 25 Jun · 15:56 IST
ICICI Lombard: Appellate order upholds GST demand of about 20 lakh rupees
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ICICIGI · price
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Price reaction · full curve 14 horizons · vs prior close
-4.6%1-day move
₹1819.90
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₹1810.00
base price
After-mkt
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AI summary
ICICI Lombard received an order on June 24, 2026 from the Additional Commissioner (Appeals) confirming a GST demand of 10.35 lakh rupees, interest of 8.87 lakh rupees, and penalty of 1.03 lakh rupees for FY2019-20, related to input tax credit computation. The company will pursue further appeal or evaluate filing a writ petition. Total demand is already part of contingent liability, so no immediate financial impact.
Likely market impact
No immediate financial impact as amount is already part of contingent liability. Company plans to appeal further.