Siddhartha Insurance announces 25% stock dividend & 4:1 (25%) right share;  Paid up to reach Rs 34.47 crore

Siddhartha Insurance Limited (SIL) has decided to distribute 25 percent bonus share to its shareholders.

The BOD Meeting of the company held on Falgun 30 has proposed 25 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2071/72. The same meeting has proposed to issue 4:1 right share after the distribution of bonus shares to its shareholders.

The decision is subjected to approval from Beema Samiti and company’s upcoming Annual General Meeting (AGM).

Last year, SIL had distributed 25% bonus share to its shareholders from the profit it made in 2071/72 FY.

Only those shareholders owning shares till Chaitra 10 will be entitled to the dividend of the company. The register of their shareholders shall remain close from Chaitra 12, 2072 till Chaitrra 30 for the purpose of the upcoming AGM.

As per unaudited report, SIL earned net profit of Rs 6.08 crore in the second quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 27.58 crore. After distributing 25 percent bonus share it’s paid up capital will reach to Rs. 34.47 crore.