Shikhar Insurance Announces 10% Bonus Shares and Cash Dividend
Kathmandu – Shikhar Insurance Company has announced its dividend distribution plan for shareholders. During a board of directors meeting held on last week, the company decided to allocate a 10 percent bonus share and a 0.5263 percent cash dividend for tax purposes.
The bonus shares will be distributed from the company’s existing paid-up capital of Rs 2.65 billion. This amounts to Rs 265.49 million in bonus shares, along with Rs 13.07 million set aside to cover tax obligations.
The proposed dividends are subject to approval from the Nepal Insurance Authority and the company’s forthcoming annual general meeting. Once approved, the dividends will be distributed to eligible shareholders.