ICICI Pru Life gets GST order, to appeal; about Rs 8.5 crore total demand for FY2022

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ICICIPRULI · price

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

+0.2%Reaction day

₹650.90

prior close

₹651.65

announcement price

In-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.7% vs market

Life Insurance peers, median of 5sector-0.4%+0.6% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 0.6 pts more than its Life Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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

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

AI summary

ICICI Prudential Life Insurance received a GST order on December 23, 2025 from the Assistant Commissioner, Delhi, for FY2022, upholding a tax demand related to reversal of input tax credit. Total demand is about Rs 8.52 crore, including GST of Rs 4.79 crore, interest of Rs 3.25 crore, and penalty of Rs 48 lakh. The company will appeal the order before the appropriate appellate authority.

Likely market impact

Tax demand of about Rs 8.5 crore with appeal planned; likely limited impact given small size relative to company operations.