Surya Life Insurance (SLICL) calls AGM on Magh 05; When's the book closure for AGM and Dividend?

Surya Life Insurance Company Limited (SLICL) has called its 12th AGM on Magh 05, i.e. January 18. The meeting will be organized in Hotel Harrison Palace, Biratnagar, starting from 11 am that day. The meeting will be streamed virtually for investors.

Among other agendas, the AGM will endorse the dividend for the fiscal year 2076/77. The company has proposed the dividend for the fiscal year 2075/76. The 276th meeting of the board of directors held on Kartik 25 has decided to distribute a 10.526% dividend for the fiscal year 2075/76. 5% will be distributed as bonus shares and 5.526% as a cash dividend. Since the paid-up capital of the company is Rs. 2,15,51,37,600, the cash dividend amounts to Rs. 11,90,99,711 and the bonus shares amount to Rs. 10,77,56,900.

The AGM will also approve the amendment of capital (capital adjustment) after the distribution of the bonus shares. Furthermore, the meeting will propose the conversion of the shareholding ratio between promoters: public. From the existing 70: 30, the AGM will propose conversion to 60: 40.

The book closure date is announced on Poush 17. Thus, investors maintained till that day are entitled to the dividend payout and can also attend the AGM. Books will be closed from Poush 17 to Poush 24.

AGM notice