A dividend of 15.7895% has been proposed by Siddhartha Insurance Limited (SIL) for the fiscal year 2077/78.
On Magh 18, the board of directors approved the distribution of Rs. 1.12 Arba in dividends from the paid-up capital. The company has proposed 15% bonus shares worth Rs 16.80 crores and 0.7895% cash dividends (for tax purposes) worth slightly over Rs 88.42 lakhs.
In order to distribute the dividend, Beema Samiti must approve it and the company’s annual general meeting must endorse it. The SIL LTP at the time of writing is Rs. 990.