Surya Life Insurance to hold its AGM on July 12, 2014 ; dividend not likely.

Surya Life Insurance Company Limited will hold its Annual General Meeting on July 12. But, to the disappointment of its shareholders the company won’t be pledging any dividend for the last fiscal year 2069/70.

The annual event of the life insurer to be held in Biratnagar will only endorse the financial report of the company for the last fiscal year, and reappoint Nem Lal Amatya and Company as its auditor for the current fiscal year.

For the previous fiscal year, the last AGM of the company had offered 14.25 percent bonus shares plus the cash dividend equivalent to the taxes, besides 10:2.15 right shares to raise the paid-up of the company.
It may, however, be noted that the company has been posting robust growth in the current fiscal year.  Surya Life had posted amazing growth of 209 percent by the end of the third quarter. -SSN