Siddhartha Insurance Calls Out AGM on June 28

Jun 06, 2019 Merolagani

Siddhartha Insurance (SIL) has called out its 17th AGM on June 28. The 147th board of directors meeting of the company held on June 4 decided to call the AGM in Russian Culture Centre, Kamalpokhari, Kathmandu at 11:00 AM.

The meeting will endorse a proposal of distributing 15.48 percent stock dividend worth Rs 134 million to its shareholders. However, the company has not announced any cash dividend for tax purpose, thus, the shareholders required to pay the tax by themselves.

 After the bonus share distribution, the paid-up capital of the company will reach Rs 1 billion. The meeting will also elect directors from general and promoter shareholders.

In this regard, the company is closing its book on June 13, thus, the shareholders registered in its book till June 12 will be eligible to attend the AGM and obtain the announced dividend.

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