The New India Assurance Company Limited — Important, 24-09-2025: Disclosure of material issue

New India Assurance (#NIACL) just received a financial boost! The Income Tax Department has issued a refund of ₹249.79 Cr for Assessment Year 2009-10, including ₹8.89 Cr in interest.

**The issue:** Resolution of a prior period tax assessment (AY 2009-10) with the Income Tax Department, resulting in an overpayment being returned to the company.

**Possible impact:** This translates to a significant positive cash inflow for NIACL, enhancing its liquidity and strengthening its overall financial position.

**Company’s response:** NIACL has disclosed the receipt of this refund. As this is a favourable outcome, no mitigation plan is required. #EquityInvestment