Shivam Cement Calls Annual General Meeting to Approve Dividend, Announces Book Closure Date
18th November 2025, Kathmandu
Shivam Cement Limited has formally announced the scheduling of its tenth Annual General Meeting (AGM), an essential corporate event designed to approve the dividend proposed for its shareholders and address key governance matters.
Shivam Cement Calls AGM
The decision to convene the meeting was made during the Board of Directors meeting held on November 16 (Kartik 30).
The AGM is slated to be held on December 11 (Mangsir 25) at the National Assembly Hall located in Exhibition Road, Kathmandu. The proceedings are scheduled to begin at 10:30 AM. This meeting will finalize the returns and strategic direction of one of Nepal’s leading cement manufacturers for the fiscal year 2024/25.
Endorsement of the 12.5 Percent Dividend Proposal
A primary agenda item for the AGM is the endorsement of the total 12.5 percent dividend proposed by the board for the fiscal year 2081/82. This proposed distribution is a blend of bonus shares and cash, providing shareholders with both capital growth and immediate liquidity.
The total 12.5 percent dividend is strategically composed as follows:
2.5 Percent Bonus Shares: This component will be distributed as new shares, thereby increasing the equity base of the company’s shareholders.
10 Percent Cash Dividend: This significant portion of the payout is provided in cash and includes the necessary tax amount applicable on the bonus shares. This structure ensures the bonus shares are effectively tax-free for the shareholders.
The distribution of bonus shares will inevitably lead to an increase in the company’s paid-up capital. Consequently, a special proposal to amend the Memorandum and Articles of Association will also be presented during the meeting to reflect this capital increase, ensuring compliance with corporate regulatory frameworks.
Key Agendas for the 10th AGM
The meeting’s agenda is comprehensive, covering all statutory requirements and key operational approvals necessary for the company’s continued governance and financial health:
Dividend Approval: The meeting will formally approve the 2.5 percent bonus shares and 10 percent cash dividend for the fiscal year 2024/25.
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Articles Amendment: Shareholders will vote on the proposal to amend the company’s Memorandum and Articles of Association following the increase in paid-up capital through the issuance of bonus shares.
Board Appointments: The AGM is set to approve the appointments and nominations made to vacant positions on the Board of Directors.
Financial Approvals: A review and approval of the key financial documents for the previous fiscal year will take place, including the annual report, the auditor’s report, the balance sheet, the profit and loss account, and the cash flow statements.
Auditor Appointment: The meeting will approve the appointment of the auditor for the current fiscal year and determine their remuneration.
Related Party Transactions: Approval will be sought for transactions conducted with related parties and the formal appointment of one board member involved in these matters.
Book Closure for Eligibility
For the purposes of determining eligibility for both attending the AGM and receiving the announced dividend, the company has declared a book closure date.
Book Closure Date: The company’s books will be closed on Mangsir 11 for one day.
Eligibility Criteria: This means that only those shareholders whose names are officially recorded in the Nepal Stock Exchange (NEPSE) and the company’s records before the end of trading on Mangsir 10 will be eligible to participate in the 10th AGM and receive the total 12.5 percent dividend.
This announcement confirms Shivam Cements’ strong position in the industrial sector and its commitment to rewarding shareholders, maintaining corporate transparency, and upholding regulatory compliance.
For More: Shivam Cements Calls AGM
