Shivam Holdings Limited, a subsidiary of Shivam Cements Limited, successfully conducted its 4th Annual General Meeting (AGM) under the chairmanship of Shiva Ratna Sharada.

The meeting approved the distribution of Rs. 11.60 crore in cash dividends to shareholders for the fiscal year 2081/82. Additionally, the appointment of auditors for FY 2082/83 and other agenda items were passed unanimously.

Dividend History and Public Issue Plan

Shivam Holdings currently holds an 85% stake in Shivam Cements Limited, one of Nepal’s leading producers of Ordinary Portland Cement (OPC). The remaining 15% shares are owned by local entrepreneurs.

The company has maintained a strong dividend record, distributing returns to shareholders for four consecutive years. With a paid-up capital of Rs. 4.64 billion, Shivam Holdings has applied to the Securities Board of Nepal (SEBON) to issue 20% of its shares — worth Rs. 1.16 billion — to the public at a premium.

Operational Strength of Shivam Cements

Located in Gandaki Province, Eastern Nawalparasi, Shivam Cements operates with state-of-the-art technology, capable of producing 6,000 metric tons of clinker and cement per day. The plant also generates 12 MW of electricity from waste heat, ensuring energy efficiency and sustainable operations.

The company has been operating at full capacity and maintaining consistent profitability and dividend payouts over the past five years.

Commitment to Growth

In closing, the board expressed appreciation to all shareholders, business partners, and stakeholders for their continued trust and support. The company reaffirmed its commitment to sustainable growth, technological innovation, and shareholder value enhancement.