SuryaJyoti Life Insurance Unveils Book Closure Date for its 35% Dividend; Calls AGM on Baishakh 21

SuryaJyoti Life Insurance Company Limited (SJLIC) has called its 16th AGM on 21st Baishakh, 2081. The meeting will be held in the Hotel Harrison Palace, Biratnagar, starting at 10:00 a.m. that day.

Among the other agendas, the AGM will endorse a 35% dividend for the fiscal year 2079/80. The 371st board of directors meeting on Chaitra 20 decided to distribute the dividend on the paid-up capital of Rs. 4.54 Arba. 10.26% bonus shares and 24.74% cash dividend (tax purposes) have been proposed. Thus, the bonus shares are worth Rs. 46.63 crores i.e. 46,63,756.9746 units, and the cash dividend (including for tax purposes on bonus shares) is worth Rs. 1.12 Arba.

Furthermore, there is an agenda to endorse the auditor's report with PL statements, financial reports, and cash flow reports, appoint an auditor for the fiscal year 2080/81, and approve the appointment made by the board of directors to fill the vacant position representing the promoter shareholder group.

The book closure date is on Baishakh 7. Thus, shareholders maintained before that day are entitled to the dividend payout and can attend this AGM.

AGM Notice: