General Insurance Corporation of India — Others, 28-06-2025: Action(s) taken or orders passed

General Insurance Corporation of India’s Dubai branch has received a VAT demand of approximately Rs. 90.42 crore related to discrepancies in VAT returns from 2018 to 2020, including tax dues and administrative penalties. The Corporation is reviewing the order and plans to file a reconsideration request. This occurrence has no material impact on the company’s financials or operations, and management expects to resolve the matter without disruption to business activities.