The New India Assurance Company Limited (NIACL) — Corporate Action | 19 June 2026

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📢 Key Event
Penalty of Rs. 6,86,196 imposed for FY 2014-15 tax underreporting

🔄 What Changed
Penalty liability recognized as contingent liability

🔮 What's Next
Appeal to be filed before National Faceless Appeal Center

💡 Investor Takeaway
This penalty creates a small financial liability that may affect future earnings if upheld.

The New India Assurance Company Limited disclosed a penalty of Rs. 6,86,196 from the Income Tax Department for assessment year 2014-15, related to underreported foreign dividend income, which will be recorded as a contingent liability and contested through appeal before the National Faceless Appeal Center.

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About The New India Assurance Company Limited (NIACL)

Financial Services · Insurance · Listed on NSE

Market Cap: ₹27,195.3 Cr P/E: 20.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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