Siddhartha Premier Insurance Proposes 11% Cash Dividend for FY 2079/80

Siddhartha Premier Insurance Limited (SPIL) has proposed an 11% cash dividend totaling Rs. 30.87 Crores for the fiscal year 2079/80.

In a decision made during the 19th board of directors meeting on Magh 21, SPIL announced the distribution of an 11% cash dividend, inclusive of tax, amounting to Rs. 30.87 crores. The company’s current paid-up capital stands at Rs. 2.80 Arba.

However, the approval of the cash dividend is pending, awaiting the nod from the Nepal Insurance Authority and the upcoming Annual General Meeting (AGM).