Surya Life Insurance Company Limited (SLICL) is distributing the 5.526% cash dividend directly to the bank accounts of its shareholders.
The recent AGM of the company had endorsed a 10.526% dividend for the fiscal year 2075/76. 5% was distributed as bonus shares and 5.526% as a cash dividend. Since the paid-up capital of the company is Rs. 2,15,51,37,600, the cash dividend amounts to Rs. 11,90,99,711 and the bonus shares amount to Rs. 10,77,56,900. The same cash dividend will now be deposited in the bank account of investors.
Investors who have a Demat account but have not received the cash dividend should authorize their bank details on their Demat account to get the dividend.
Meanwhile, investors who still hold physical shares of the company should dematerialize their shares as early as possible to claim their dividend. Furthermore, if eligible investors had taken a loan against the shares of the company before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.