Niva Bupa Health Insurance Company Limited — Others, 01-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Niva Bupa Health Insurance Company Limited has received a Notice of Demand from the Assistant Commissioner of Income Tax, Central Circle 5(3), Mumbai, asserting a tax liability of ₹16.71 crore for the assessment year 2022-23, which includes interest of ₹4.03 crore. The notice cites disallowances related to marketing expenses and claims provision adjustments as the basis for the demand. The company plans to appeal this order, which could have an impact on its financials. Investors should monitor this situation closely, as it may present both risks and opportunities depending on the outcome of the appeal.