Income Tax Refund

NIACL · price

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

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+0.6%1-day move

₹162.10

prior close

₹166.10

base price

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AI summary

The New India Assurance Company Limited has received an income tax refund of Rs. 255,68,12,262 (approximately Rs. 255.68 crore) from the Income Tax Department. The refund pertains to Assessment Year 2019-20 and includes Rs. 233.10 crore as income tax principal and Rs. 22.57 crore as interest. The company disclosed this under Regulation 30 of SEBI (LODR) Regulations, 2015. The refund was issued on May 19, 2026.

Likely market impact

The receipt of Rs. 255.68 crore will boost the company's cash reserves and liquidity position. The interest component of Rs. 22.57 crore indicates the refund was delayed, but the full amount has now been received, which is positive for the company's financials.