ICICI Prudential Life Insurance Company Limited announced that the Company has received an order under Section 73 and 50 of Telangana Goods and Services Tax Act, 2017 from Additional Commissioner, Office of the Principal Commissioner of Central Tax, Hyderabad GST Commissionerate, Telangana State, on April 6, 2024 for fiscal year 2019. Details of the violation/contravention committed or alleged to be committed: Demand due to following points: Difference in GST Liability as per filed GSTR-1 and GSTR-9. Mismatch in ITC claimed in GST returns. The Authority has demanded GST along with applicable interest and penalty.

GST: INR 61,673,192. Interest: as applicable. Penalty: INR 6,167,319.

Total: INR 67,840,511.