Income tax rectification order, company to appeal

Regulatory & Legal View source PDF Explain this filing

ICICIPRULI · price

Loading chart…

▲ 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

-1.5%Reaction day

₹438.00

prior close

₹438.00

announcement price

After-mkt

timing

Nifty Midcap 150market-1.4%-0.1% vs market

Life Insurance peers, median of 5sector-0.6%-0.9% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.9 pts less 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

-0.3

10m

-0.1

15m

-0.2

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-1.4-0.1-0.6-0.9

Next day

-1.6-2.2+0.6-1.5-0.1

-3.6-4.2+0.6-3.0-0.6

-5.6-3.2-2.4-3.2-2.4

-6.5pendingpending-3.9-2.6

—————

15d

—————

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 Life Insurance received a rectification order from Income Tax authorities for AY 2023, seeking incremental tax of about 97.08 crore and incremental interest of about 133.11 crore. Total tax demand stands at about 591.42 crore. No penalty imposed. Company has filed an appeal and says no material impact on operations.

Likely market impact

Additional demand of about 230 crore combined; company is contesting via appeal, limited operational impact stated.