ICICI Prudential Life Insurance Company Limited has received an order under Section 73 of Gujarat Goods and Services Tax Act, 2017 for fiscal year 2019, from the office of State Tax Officer, Gujarat, on April 9, 2024 at 3:32 p.m. Name of the Authority: State Tax Officer, Gujarat. Details of the violation(s)/contravention(s) committed or alleged to be committed: Demand due to mismatch in GST Input Tax Credit as appearing on GST portal (Form GSTR-2A) vis-a-vis shown in Form GSTR-9 for fiscal year 2019. Nature and details of the action(s) taken, initiated or order(s) passed: The Authority has demanded GST along with applicable interest and penalty for FY2019.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: GST: INR 98,595,940/-. Interest: INR 96,564,594/-. Penalty: INR 9,859,595/-.

Total: INR 205,020,129/-.