Niva Bupa Health Insurance Company Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
NIVABUPA · price
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Niva Bupa Health Insurance has received an income tax order from the Office of the Assistant Commissioner of Income Tax, Central Circle 5(3), Mumbai on March 14, 2026. The total demand is ₹28.37 crore, which includes interest of ₹7.10 crore, for Assessment Year 2023-24. The tax officer disallowed certain marketing and advertisement expenses under Section 37(1) of the Income Tax Act, as well as provisions for IBNR (Incurred But Not Reported) and IBNER (Incurred But Not Enough Reported) claims. The company has stated that these disallowances are primarily industry-wide issues and not specific to Niva Bupa alone. The order is appealable, and the company plans to file an appeal before the Appellate Authorities.
The tax demand of ₹28.37 crore is a near-term overhang, but since the company will appeal and the issues are described as industry-wide, the long-term impact may be limited if the appeal succeeds. Shareholders should watch for updates on the appeal outcome and any related disclosures in upcoming financial statements.