Surya Life Insurance declares 5% bonus share; paid up to reach Rs 65.62 crore

Surya Life Insurance Company Limited (SLICL) has announced 5 percent bonus share and 0.2632 percent cash dividend (for tax purpose) to its shareholders. The insurance company’s BOD meeting held today (Magh 21, 2073) has proposed 5 percent bonus share and 0.2632 percent cash dividend (tax purpose) 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 insurance company’s upcoming Annual General Meeting (AGM). SLICL had distributed 14.25% bonus share to its shareholders from the profit it made in 2068/69 FY. Surya Life Insurance Company has reported a net profit of Rs.1.23 crore in the first quarter of the current FY 2073/74. Its paid up capital after recently issued 25% right share remains at Rs 62.5 crore. After issuance of 5% bonus share, its paid up capital will reach Rs 65.625 crore.