Shivam Holdings distributes cash dividend, strengthens market presence

KATHMANDU: Shivam Holdings Limited, the subsidiary of Shivam Cements Limited—producer of Nepal’s most popular Shivam OPC Cement—successfully held its fourth Annual General Meeting (AGM) under the chairmanship of Chair Shivratna Sharda.

The meeting passed several key resolutions aimed at benefiting the company’s shareholders.

The AGM approved a cash dividend of Rs 116 million (11.6 crore) for the fiscal year 2081/082, continuing the company’s tradition of rewarding shareholders.

Additionally, all other proposals, including the appointment of auditors for fiscal year 2082/083, were unanimously approved.

Shivam Holdings has now distributed dividends for the fourth consecutive year since fiscal year 2078/079, reflecting the company’s consistent performance and strong shareholder trust.

The company’s paid-up capital currently stands at NPR 464 crore.

As part of its expansion plans, the company has applied to the Securities Board of Nepal (SEBON) to issue Rs 116 crore worth of shares (20% of total capital) to the public at a premium price, pending regulatory approval.

This move is expected to further enhance the company’s market reach.

Leading Name in Nepal’s Cement Industry

Shivam Holdings Limited is the major investor in Shivam Cements Limited, Nepal’s largest cement producer. Shivam Cements has a 30% domestic (Nepali) investment through Shivam Holdings and 70% Chinese investment.

The state-of-the-art plant, located in Binayi Triveni Rural Municipality, Eastern Nawalparasi, Gandaki Province, produces 6,000 metric tons of clinker and cement daily.

The plant also features an innovative energy system that generates approximately 12 MW of electricity from waste heat for internal use, contributing significantly to energy efficiency.

Operating at full capacity, the company has maintained continuous dividend distribution for the past five years.

Shivam Holdings expressed heartfelt gratitude to its shareholders, partners, and stakeholders for their continuous trust and support, reaffirming its role as a key partner in Nepal’s economic development.