Last day to clinch 29% bonus shares of Shikhar Insurance; LTP at Rs 1,750

Today is the last day to secure 29% bonus shares of Shikhar Insurance Company Limited (SICL). The BOD meeting of the company held on Kartik 13, 2074 had proposed 29% bonus share and 1.52% cash dividend for tax purpose to its shareholders from the net profit it had earned in the FY 2073/74. Earlier, SICL had distributed 60 % bonus share to its shareholders from the profit it made in the FY 2072/73. It will be conducting its 13^th Annual General Meeting (AGM) on Poush 7, 2074. The AGM is going to be held at the insurance company’s central office at 11:00 AM. SICL had earned Rs 9.55 crore in the first quarter of the fiscal year 2074/75. After the issuance of this bonus share, its paid up capital will reach Rs 1.05 arba from existing Rs 81.76 crore. As per Insurance Board’s directive for all non-life insurance companies to increase their paid up capital to a minimum of Rs 1 arba by the end of FY 2074/75, SICL will meet the capital requirement by issuing this bonus share. Its LTP stood at Rs 1,750 as of last trading day.