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 regarding a tax liability for the assessment year 2020-21. The total demand amounts to ₹30.12 Cr, which includes ₹11.29 Cr in interest. The demand arises from adjustments related to the disallowance of certain marketing expenses and claims provisions deemed inadmissible. The company plans to appeal this decision, indicating its intention to contest the assessment. This development could heighten investor scrutiny, presenting a potential risk to financial stability but also an opportunity for resolution through the appeal process.