The New India Assurance Company Limited (BSE: 540769 / NSE: NIACL)

Introduction

The New India Assurance Company Limited (NIACL) has filed a disclosure with the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under Regulation 30 of the SEBI (LODRI) Regulations, 2015. The filing, dated 19 June 2026, informs investors of a penalty order issued by the Income Tax Department’s Assessment Unit.

Key Disclosure Summary

Penalty Order Details

• Authority: Assessment Unit, Income Tax Department
• Penalty Amount: ₹ 6,86,196 (demand for Assessment Year 2014‑15)
• Date of Receipt: 19 June 2026, 15:57 hrs
• Nature of Issue: Under‑reporting of income from foreign dividend

Accounting Treatment

• The penalty will be recorded as a contingent liability in the company’s financial statements.

Company’s Response

• NIACL intends to appeal the order before the National Faceless Appeal Center (NFAC) or pursue other legal remedies.

Impact Assessment

• Financial Impact: The penalty amount of ₹ 6,86,196 is disclosed as a contingent liability; no immediate cash outflow has occurred.
• Operational Impact: No operational changes are indicated; the matter is confined to a tax compliance issue.

Regulatory Compliance

• The disclosure satisfies Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Regulations, as required for material penalties and contingent liabilities.

Prepared for investors based solely on the information contained in the company’s filing dated 19 June 2026.