Income tax penalty of Rs 6.86 lakh for AY 2014-15, NIACL to appeal

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NIACL · price

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

+5.9%Reaction day

₹200.60

prior close

₹205.50

announcement price

After-mkt

timing

Nifty Midcap 150market+0.4%+5.5% vs market

General Insurance peers, median of 5sector-0.1%+6.1% vs sector

On the reaction day the stock moved 5.5 pts more than Nifty Midcap 150 and 6.1 pts more than its General 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

+3.9

10m

+2.7

15m

+3.1

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.9+0.4+5.5-0.1+6.1

Next day

-2.9-0.5-2.4-0.2-2.6

-6.0-0.4-5.5-1.0-5.0

-8.2-1.0-7.2-2.1-6.0

-9.1-1.3-7.9-1.6-7.5

-11.3-0.9-10.4-1.7-9.6

-6.7-0.2-6.5-0.9-5.8

15d

-11.8+0.4-12.1-0.8-11.0

-13.0-0.2-12.8-2.6-10.4

-8.3+2.0-10.3-5.4-2.9

-6.7-0.8-5.9-7.8+1.1

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

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

AI summary

NIACL received a penalty order from the Income Tax Department demanding Rs 6,86,196 for Assessment Year 2014-15. The penalty relates to alleged underreporting of income from foreign dividend. The company will show this amount as a contingent liability and plans to appeal before the National Faceless Appeal Center or explore other legal options. The order was received on 19th June 2026.

Likely market impact

Very minor financial impact for a large PSU insurer; treated as contingent liability, company will appeal, no immediate hit to earnings.