Siddhartha Insurance to Issue Bonus and Right Share

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Siddhartha Insurance to Issue Bonus and Right Share

April 14: The 14th annual general meeting of Siddhartha Insurance has endorsed distribution of bonus and right share on Tuesday. The AGM approved the distribution of 25 percent right shares on the total paid-up capital after issuing 25 percent bonus share. 

Manoj Kumar Kedia, Chairman of the company presented financial report, transaction and annual report of the company. During the occasion company informed that it has earned Rs 972.2 million insurance premium during the FY 2071/72 under various insurance schemes.

The meeting also unanimously elected Pramod Pandey from general shareholders in Board of Director (BOD) for next four years.   

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