Go Digit General Insurance is facing a GST Show Cause Notice for approximately INR 20.5 crore due to alleged ineligible ITC claims from September 2022 to March 2024. The company intends to respond to the notice with advice from tax consultants and may consider legal action if necessary.
Go Digit General Insurance Limited
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Morgan Stanley maintains its neutral stance towards Go Digit, setting a price target at INR 328, suggesting potential growth for the digital insurance platform.
Go Digit aims to strengthen its equity base, potentially increasing it by 12.5%, driven by a robust solvency position. This move signifies confidence in the company's financial health.
Go Digit General Insurance Limited has received approval from BSE and NSE for their merger plan, now they are set to file it with NCLT, ensuring they meet all conditions outlined in the observation letters.
Go Digit will present their approved financial results from the board meeting scheduled for April 28th, 2026. The trading window for the company has been closed since April 1st, 2026 and will reopen on April 30th, 2026.
Go Digit General Insurance reported a 10% year-on-year increase in premium income, reaching INR 7.56 billion in March, demonstrating steady growth.
Go Digit General Insurance's creditworthiness remains high, as CRISIL reaffirms its AA rating. The agency indicates a developing outlook, suggesting potential changes in the company's status. This update is in compliance with SEBI LODR regulations and can be found on Go Digit's official website.