Shivam Holdings Declares Cash Dividend and Continues Strong Performance

Shivam Cements Limited’s subsidiary, Shivam Holdings Limited, held its 4th Annual General Meeting under the chairmanship of Shiva Ratna Sharada. The meeting approved the distribution of Rs. 11.60 crore as cash dividend to shareholders for FY 2081/82 and appointed auditors for FY 2082/83, with all proposals passed unanimously.

Shivam Holdings owns 85% of Shivam Cements Limited, a leading OPC cement producer in Nepal, with the remaining 15% held by local entrepreneurs. The company has distributed dividends consecutively for four years, with a current paid-up capital of Rs. 4.64 billion. Additionally, the company has applied to the Nepal Securities Board to issue 20% of shares worth Rs. 1.16 billion to the public at a premium.

Shivam Cements, located in Gandaki Province, Eastern Nawalparasi, operates with advanced technology capable of producing 6,000 metric tons of clinker and cement daily, while generating 12 MW of electricity from waste heat for internal use. The company has been operating at full capacity and delivering consistent dividends over the past five years, expressing gratitude to shareholders, partners, and stakeholders for their continued support.