New India Assurance Receives ₹6.86 Lakh Tax Penalty

This is a regulatory disclosure made by The New India Assurance Company Ltd. to the BSE and NSE, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and specifically under Clause 20 of Para A of Part A of Schedule III.

The company has received a Penalty Order from the Assessment Unit of the Income Tax Department. The order pertains to Assessment Year (AY) 2014-15 and creates a demand for a payment of ₹6,86,196.

The order was issued by the Income Tax Assessment Unit and was received by the company. The document references order number PAN/AY2014-15/ITBA/AST/S/155/2023-24/1045713001(1), dated June 15, 2026.

Regarding the financial and operational impact, the disclosure states that the demand of ₹6,86,196 is not expected to have a material impact on the financials, operations, or other activities of the company.

The company has stated its intention to challenge this order. It plans to file an appeal against the penalty order with the Commissioner of Income Tax (Appeals).