Siddhartha Insurance declares 25% stock dividend; Paid up capital to reach Rs. 34.47 crore

Siddhartha Insurance Limited (SIL) has decided to distribute 25 percent bonus share to its shareholders. The 100^th BOD Meeting of the company held on Poush 24 has proposed 25 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Beema Samiti and the insurance’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2070/71, SIL had distributed percent 10 percent bonus share to their shareholders Siddhartha Insurance had earned net profit of Rs. 2.87 crore in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs. 27.58 crore. After distributing 25 percent bonus share it’s paid up capital will rise to Rs. 34.47 crore.