ICICI Lombard General Insurance Company Limited has informed the Exchange about General Updates

ICICIGI · price

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

Price reaction · full curve 14 horizons · vs prior close

-2.5%1-day move

₹1740.10

prior close

₹1710.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.2-1.3-0.9+0.2-2.5-2.7-1.2-0.6+1.1+2.6+4.2+1.2+0.3-0.2

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AI summary

ICICI Lombard has received a favourable order from the Bombay High Court dated March 26, 2026, granting a stay on a previous GST demand order till the final disposal of its writ petition. The original order, received in January 2025, had raised a GST demand of ₹31.18 crore along with an equal penalty of ₹31.18 crore (total potential exposure ~₹62.36 crore) under Section 74 of the CGST Act, covering the period July 2017 to March 2024. The dispute relates to an industry-wide issue on the applicability of GST on Group Health Insurance and Group Personal Accident policies supplied to units located in Special Economic Zones. The court has given four weeks to the tax department to file its reply.

Likely market impact

This is a positive development for shareholders as the immediate risk of paying the disputed tax demand and penalty is paused. The company has stated no financial impact at this stage, but the final outcome of the writ petition will determine the actual liability.