ICICI Lombard gets GST order for FY22, plans to appeal

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

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₹1953.00

prior close

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announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.0% vs market

General Insurance peers, median of 5sector-0.5%+0.1% vs sector

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

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AI summary

ICICI Lombard received a GST order on Dec 26, 2025 from Rajasthan state tax authorities for FY2021-22. The order raises a tax demand of about Rs 1.45 crore, interest of about Rs 1.11 crore, and penalty of about Rs 15 lakh, totaling around Rs 2.71 crore. The dispute concerns input tax credit computation and reporting differences in GSTR-1 and GSTR-9 returns. The company plans to appeal and may file a writ petition. No immediate financial impact is recognized.

Likely market impact

Tax demand of about Rs 2.71 crore for FY22. Company will appeal, so material impact is unlikely unless appeal fails.