Siddhartha Insurance proposed 15.48% bonus shares; investors need to pay tax for bonus shares

Siddhartha Insurance Limited (SIL) 146th board meeting held on Baisakh 30 has proposed to issue 15.48% bonus shares worth Rs 13.40 crore to its shareholders for FY 2074/75. The tax amount for bonus shares need to be paid by the shareholders.

The company has informed about the implementation of above mentioned offers only after the approval of the financial description of the company’s FY 2074/75 from the Annual General Meeting (AGM) of the company and Beema Samiti.

The current paid-up capital of SIL is Rs 86.59 crore and after the bonus adjustment, the new capital will reach to Rs 1 arba.