Shikhar Insurance announces 26.31% dividend; FPO investors to get bonus share
Wed, Dec 23, 2015 11:52 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
The 131st BoD Meeting of the company held on Poush 7, 2072 has proposed distribution of 30.8% Stock Dividend (Bonus Shares) on current paid up capital which is 26.31% on total paid up capital after FPO, to their shareholders which subject to the approval from Beema Samiti and its upcoming AGM.
Suraj Rajbahak, CA of Shikhar Insurance said, “Shareholders from FPO will also receive the Bonus Shares.”
After issuing 20% bonus share from the net profit earned in the fiscal year 2069/70, the company’s paid up capital has reached to Rs 35.76 crore. After FPO the paid up will reach Rs 40.86 crore. After the bonus of 26.31% from the profit of the last fiscal year the paid will reach Rs 51.61 crore.
