Siddhartha Insurance declares 30% stock dividend; Paid up capital to reach Rs 44.82 crore

Siddhartha Insurance Limited (SIL) has decided to distribute 30 percent bonus share to its shareholders. As per the notice published in NEPSE today, the company’s BOD meeting held on Kartik 19, 2073 has proposed 30 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Insurance Board and the company’s upcoming Annual General Meeting (AGM). Last year, SIL had distributed 25% bonus share to its shareholders. SIL had earned net profit of Rs 20.06 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 34.48 crore. After distributing 30 percent bonus it’s paid up capital will reach to Rs.  44.82 crore.