Shikhar Insurance announces 24% stock dividend; Paid up capital will reach Rs  50.67 crore

Shikhar Insurance Company Limited (SICL) has decided to distribute 24 percent bonus share and 1.263158 percent cash dividend for tax purpose. The BOD Meeting of the company held on Falgun 12 has proposed 24 percent bonus share and 1.263158 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Insurance Board and company’s upcoming Annual General Meeting (AGM). Earlier, SICL had distributed 20 percent bonus share from the net profit it earned in FY 2070/71. SICL has  earned net profit of Rs 10.11 crore in the second quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 40.87 crore. After distributing 24 percent bonus share it’s paid up capital will reach to Rs. 50.67 crore.