Kathmandu. The fourth annual general meeting of Shivam Holdings Limited, a subsidiary of Shivam Cements Limited, was held under the chairmanship of Shiva Ratan Sharda, Chairman of the Board of Directors of Shivam Cements. The AGM has approved a proposal of distributing cash dividend worth Rs. 116 million to its shareholders for the fiscal year 2081/082.
Likewise, the AGM was held unanimously by unanimously endorsing all the proposals submitted to the meeting including appointing an auditor to carry out auditing work for the fiscal year 2082/083.
Shivam Holdings Limited, the most popular Shivam brand of OPC in Nepal. Shivam Cements Limited has 85 percent stake in the company. The remaining 15 percent of the shares are invested by successful entrepreneurs and entrepreneurs in various sectors of Nepal.
The company has been distributing dividend to its shareholders for the fourth consecutive time since FY 2078/79. Presently, the company has paid-up capital of Rs 4.64 billion. The company has already filed an application with the Securities Board of Nepal (SEBON) to issue 20% shares worth Rs 1.16 billion to the general public.
Shivam Holdings Limited has the largest manufacturing capacity in Nepal. Shi has invested a significant stake in Shivam Cement. Shivam Holdings Limited has 30 percent Nepali investment in the company and 70 percent Chinese investment. The industry is located in Gandaki Province, East Nawalparasi, Binayi Triveni Rural Municipality, Sardi.
