ICICI Lombard General Insurance Company Limited — Others, 27-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

ICICI Lombard has announced a board meeting to discuss the receipt of Form 36, which details the Income-tax Department's appeals regarding favorable orders for Assessment Years 2012-13, 2015-16, 2016-17, and 2017-18. The company will continue to defend its tax position against these appeals, which challenge deductions previously allowed by the Commissioner of Income Tax. While the immediate financial implications are stated as minimal, this development could influence investor sentiment as ongoing tax disputes carry the potential for future risk. Overall, it reflects the company's commitment to its financial strategies amidst litigation.