ICICI Prudential Life faces tax demand, plans appeal

ICICI Prudential Life Insurance Company received a tax demand order from the Deputy Commissioner of State Tax, Maharashtra, on December 23, 2025, for FY2022. The order, which pertains to a reversal of Input Tax Credit under GST Law, totals INR 112,372,237. This comprises GST of INR 56,552,798, interest of INR 50,164,159, and a penalty of INR 5,655,280. The company plans to file an appeal against this order with the Commissioner (Appeals).

Concurrently, ICICI Prudential Life announced that its board of directors will convene on Tuesday, January 13, 2026. The meeting will focus on considering and approving the unaudited standalone and consolidated financial statements and financial results for the quarter and nine months ended December 31, 2025.

In accordance with SEBI regulations, the trading window for dealing in the company's securities will be closed for designated persons and their immediate relatives from January 1, 2026, to January 15, 2026, inclusive.