ICICI Pru Life: Partial win in Tamil Nadu GST appeal, to file further appeal

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ICICIPRULI · price

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

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

+1.1%Reaction day

₹508.40

prior close

₹515.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.2%+0.9% vs market

Life Insurance peers, median of 5sector+0.2%+0.9% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-0.9

15m

-0.7

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+0.2+0.9+0.2+0.9

Next day

-0.3-0.2-0.1-0.0-0.2

-1.2+0.1-1.3+0.3-1.6

-1.7+0.5-2.2-0.1-1.6

-1.8+0.5-2.3-0.5-1.4

-0.9+0.7-1.6-0.3-0.6

+0.1+0.3-0.2+0.3-0.2

15d

+2.0+0.8+1.2+4.1-2.1

-6.7-1.2-5.5+0.6-7.3

-10.5-6.8-3.7-5.0-5.5

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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 partial order from Commissioner Appeals-I Tamil Nadu on August 3, 2026 in a GST matter for FY2018 to FY2020. The appeal was partially allowed in favor of the company but partially upholds the tax demand. Total financial implication is about 5.37 crore rupees, including GST of about 4.88 crore and penalty of about 48.84 lakh. Interest is not quantified. The company will file a further appeal.

Likely market impact

Mixed ruling on GST demand of about 5.37 crore rupees for FY2018-FY2020. Company plans further appeal. Likely limited financial impact.