General Insurance Corporation of India — Others, 17-05-2025: Action(s) initiated or orders passed

General Insurance Corporation of India has received an income tax demand notice of Rs. 1188.18 Cr for assessment year 2022-23 related to disallowances on provisions for claims, amortization of premium on securities, and doubtful debts. The company plans to appeal this demand, noting no material impact on its financials or operations. While the tax demand is significant, the ongoing appeal process suggests limited immediate effect on the company’s performance, but shareholders should monitor developments as the situation unfolds.