Shivam Cements Announces AGM on Mangsir 25; Proposes 12.50% Dividend

Kathmandu — Shivam Cements Limited has announced that it will convene its Annual General Meeting (AGM) on Mangsir 25 at the National Assembly Hall, Exhibition Road. As per the decision of the Board of Directors, the company will present key agendas ranging from profit distribution to the appointment of auditors.

For the fiscal year 2081/82, the company plans to propose a total dividend of 12.50%, which includes 2.50% bonus shares and 10% cash dividend (including tax). Investors will receive the dividend only after the proposal is approved by the AGM.

The company has set Mangsir 11 as the book closure date. Accordingly, only shareholders whose names are registered in the shareholder registry by Mangsir 10 will be eligible to attend the AGM and claim the proposed dividend.

Major agendas to be presented in the AGM include:

• Approval of the annual report

• Endorsement of financial statements

• Appointment of the auditor for the upcoming fiscal year

• Approval of bonus shares and cash dividend

• Approval of related-party transactions

• Approval of the appointment of board members to vacant positions

• Discussion of various other agenda items

Under special resolution, the company will also propose an amendment to its Memorandum of Association to reflect changes in issued and paid-up capital after the distribution of 2.50% bonus shares.