Siddhartha Insurance Limited (SIL) has proposed a 9.4737% cash dividend for the fiscal year 2078/79.
The company's 194th meeting of the board held on 29th Kartik 2079, has proposed 9.4737% cash dividend from the paid-up capital. The paid-up capital of the company is Rs. 1.28 Arba. Thus, the cash dividend is worth Rs. 12.20 Crores.
This decision is subject to approval from the Beema Samiti after which it will be endorsed in the AGM of the company. The dividend will be distributed by SIL only after completion of merger related processes with Premier Insurance Limited (PIC).