Siddhartha Premier Insurance Distributed Cash Dividends Directly to Shareholders' Bank Accounts
Wed, Mar 27, 2024 9:45 AM on Latest, Dividend, Bonus & Rights, AGM/Special AGM,
Siddhartha Premier Insurance Limited (SPIL) has distributed an 11% cash dividend directly to bank accounts and urged its shareholders to dematerialize their shares.
The company convened its 30th AGM for the FY 2079/80 on Falgun 30, 2080. The company endorsed an 11% cash dividend for FY 2079/80. The 19th meeting of the board of directors held on Magh 21 has proposed an 11% cash dividend (including tax) worth Rs. 30.87 crores for the fiscal year 2079/80. The existing paid-up capital of SPIL is Rs. 2.80 Arba.
Also, the company has urged the shareholders to dematerialize their shares if they still need to update their bank information in the Demat account and are requested to do so to receive the dividend.
Additionally, suppose eligible investors had taken a loan against the company's shares before the book closure date. In that case, they should present a No Objection Letter from their lending institution to receive the dividend.
