Siddhartha Finance announces 11% stock dividend; Paid up capital will reach 36 crore

Siddhartha Finance Limited (SFL) has decided to distribute 11 percent bonus share and 0.5790 percent cash dividend for tax purpose to its shareholders. The BOD meeting of the company held on Poush 13 has proposed 11 percent bonus share 0.5790 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the finance’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2069/70, Siddhartha Finance had distributed percent 13% bonus share to their shareholders SFL had earned net profit of Rs. 75.20 lakh in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 32.43 crore. After distributing 11 percent bonus share it’s paid up capital will rise to Rs 36 crore.