Surya Life Insurance Company proposes distribution of 12% bonus shares from FY 74/75 profits; paid up capital to increase to Rs.1.26 Arba

Surya Life Insurance Company Limited (SLICL) has published a notice regarding the distribution of bonus shares from the profits of FY 74/75.

The 240^th BOD meeting held on 27^th Baisakh, 2076 has decided that the company will be distributing 12% bonus shares worth Rs.13.58 Crore to the shareholders from the profits of FY 74/75. The company will also endorse cash dividend of Rs.71.48 Lakh for tax purpose.

The dividend decision is subject to approval from the Beema Samiti and upcoming AGM of the company.

After the adjustment of bonus shares, the current paid up capital of Rs.1.13 Arba will increase to Rs.1.26 Arba. The company has also approved 70% right share on its existing Rs 1.13 arba paid up capital of worth Rs 79.23 crores. The company may issue this right share soon to its existing shareholders. Post right and bonus share the paid up capital of SLICL will be Rs 205.25 crores.