The New India Assurance Company Limited has informed the Exchange about General Updates
NIACL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The New India Assurance Company Limited has received a tax refund of Rs. 612.34 crore from the Income Tax Department for Assessment Years 2014-15 and 2017-18. Out of this total refund, Rs. 180.52 crore pertains to interest component. The refund credited to the company's account strengthens its cash position and signals a favourable resolution of past tax disputes or adjustments for these assessment years. The disclosure was made by Company Secretary Abhishek Pagaria on April 30, 2026.
A positive cash flow event for NIACL. The refund, particularly the interest component, suggests resolution of historical tax claims in the company's favour, which could marginally support the company's financials and improve investor sentiment.