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Details of Associated Undertakings

Details of Associated Companies are as follows:

CS Capital (Private) Limited- Wholly owned subsidiary company

CS Capital (Private) Limited was incorporated on 5 November 2010 as a Private Limited Company in Pakistan under the Companies Ordinance,1984. The principal activity of the Company is to effectively manage investment portfolios in shares, commodities and other securities (strategic as well as short term). The registered office of the Company is situated in Lahore.

Crescent Hadeed (Private) Limited- Wholly owned subsidiary company

Crescent Hadeed (Private) Limited was incorporated on 15 May 2013 as a Private Limited Company in Pakistan under the Companies Ordinance,1984. The principal activity of the Company is to manufacture and sale Steel Billet through a Steel Melting plant which is located at Bhone, District Jhang, Punjab. The Company set up its plant / factory and commenced commercial operations in January 2016. The registered office of the Company is situated in Lahore.

Shakarganj Energy (Private) Limited- Wholly owned subsidiary company

Shakarganj Energy (Private) Limited was incorporated on 2 April 2008 as a Private Limited Company in Pakistan under the Companies Ordinance, 1984. The principal activity of the Company is to build, own, operate and maintain a power plant and to generate, accumulate, distribute, sell and supply electricity/ power to PEPCO/ DISCOS under agreement with the Government of Pakistan or to any other consumer as permitted. Commercial operations of the Company commenced in December 2014. The registered office of the Company is situated in Lahore.

Solution de Energy (Private) Limited- Subsidiary Company
The principal activity of the Company is to build, own, operate and maintain 100MW solar power project and to generate, accumulate, distribute, sell and supply electricity / power to PEPCO / DISCOS under the agreement with the Government of Pakistan or to any other consumer as permitted. All the shares of Solution de Energy (Private) Limited are held by Shakarganj Energy (Private) Limited which is the wholly owned subsidiary of Crescent Steel and Allied Products Limited. The registered office of the Company is situated in Lahore.