Last Chance to Be Eligible for 10: 3 Rights Offering of Shikhar Insurance Company (SICL)

Today is the last day to be eligible to apply for the rights offering of Shikhar Insurance Company Ltd (SICL). Magh 21 is the book closure date. Thus, existing shareholders or investors who can manage to buy the shares of the company in today's market session are entitled to apply for the rights offering when the company issues it.

The 15th and 16th AGM of the company held on Chaitra 09, i.e. March 22 endorsed a 27.769% bonus shares and 1.462% cash dividend for the fiscal year 2076/77. The AGM then also endorsed 30% right shares issuance after capital adjustment post-bonus shares distribution.

Now, the insurance company will issue a total of 52,75,572 shares to its shareholders, which is 30 percent of the existing paid-up capital. The proposal was recently approved by the Securities Board of Nepal (SEBON).

Furthermore, board members and shareholders who own more than 1% of the company's paid-up capital should deposit the rights shares' monetary amount by Falgun 05, 2078.

SICL closed at Rs. 1,997 yesterday.

Book Closure Notice

Advanced Deposit Notice for Shareholders Owning More than 1% of Paid-up