ICICI Lombard General Insurance Company Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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ICICI Lombard has informed the stock exchanges that its appeals filed before the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai have been allowed. The appeals were against excise and service tax demands aggregating to about ₹1,095.68 million (for FY2008-09 to FY2011-12, FY2013-14 and FY2014-15) and ₹1,186.88 million (for FY2011-12), including penalty amounts. The company was first informed of this favorable development by its tax advisors and via e-mail from CESTAT on January 12, 2026. The written copy of the appeal orders is still awaited.
This is a positive development for ICICI Lombard shareholders, as the company has avoided a potential tax liability of roughly ₹2,280 million (combined demand plus penalties). The resolution removes a long-pending tax overhang and is likely to be viewed favorably by the market.