KATHMANDU – Sanima GIC Insurance Limited (SGIC) has officially announced a dividend for its shareholders from the profits accumulated in the last financial year, 2081/82.
In a meeting held on Sunday, March 15, 2026 (Falgun 29, 2082), the Board of Directors (BOD) proposed a total dividend of 5.2632% from the company’s distributable profit.
Dividend Breakdown
The proposed payout consists of both bonus shares and a cash component:
- Bonus Shares: 5% of the current paid-up capital (approx. Rs. 10.75 crores).
- Cash Dividend: 0.2632% (approx. Rs. 56.57 lakhs) specifically allocated for tax purposes related to the bonus shares.
Approval Process
As per regulatory requirements in Nepal, the distribution of this dividend is subject to:
- Final approval from the Nepal Insurance Authority (the primary regulator for the insurance sector).
- Endorsement by the shareholders at the company’s upcoming Annual General Meeting (AGM).
Before this announcement, the company’s paid-up capital stood at Rs. 2.15 Arba. Following the issuance of the 5% bonus shares, the capital base will see a significant increase.
Investors responded to the news with steady interest, as the stock (SGIC) closed at Rs. 497.00 on the Nepal Stock Exchange (NEPSE) following the announcement.
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