Please find enclosed herewith Annual Secretarial Compliance Report of the Company for the financial year ended March 31, 2025.
Awaiting price reaction for this filing.
ICICI Lombard General Insurance Company has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. The report, prepared by Parikh & Associates (Practicing Company Secretaries), confirms that the company has fully complied with all applicable SEBI regulations and secretarial standards, with no deviations or penalties levied on ICICI Lombard itself. The company does not have any subsidiaries, there were no auditor resignations, and all policies, disclosures, related party transactions, and insider trading norms were found to be in order. The report's Annexure A mentions five advisory letters and administrative warnings issued by SEBI against ICICI Lombard's promoter, ICICI Bank Limited, covering delays in filings, FPI compliance, and custodian inspections. All of these resulted in Nil fines and have been addressed by ICICI Bank with remedial actions, and the observations stand closed.
This is a routine annual compliance filing and signals clean regulatory standing for ICICI Lombard with no penalties or non-compliance on the company itself. The observations relate only to its promoter ICICI Bank, not to the listed entity, so they should not have any material impact on ICICI Lombard's stock price or shareholders.