Engro

Company information

BACKGROUND AND HISTORY

Established in 1965 as a fertilizer company and subsequently named Exxon Chemical Pakistan Limited,
the Company was renamed Engro Chemical Pakistan Limited (ECPL) in 1991 when Exxon decided to
divest out of the fertilizer business globally. ECPL was later renamed Engro Corporation Limited (ECL) on
January 01, 2010, and its fertilizer business demerged into a new company Engro Fertilizers Limited.
Engro Corporation Limited was formed in the interest of better managing and overseeing businesses of
subsidiaries and affiliates that are currently part of Engro's capital investments. A significant part of this
change is the demerger and transfer of Engro‟s expanding fertilizer business into a separate wholly
owned subsidiary.

Shareholding Structure As of June 30, 2010, the shareholding structure of Engro Corporation Limited
was as follows: Shareholding Breakdown Shareholder Category No. of Shares held % Shareholding Joint
Stock Companies 152,208,997 46.44%  Dawood Hercules Chemical Ltd. 124,982,408 Individuals
79,712,289 24.32% Financial Institutions 23,168,382 7.07% Insurance Companies 25,410,471 7.75% 
Central Insurance Co. Ltd. 11,858,251 Modaraba Companies 12,095,784 3.69% Investment Companies
1,879,321 0.57% Cooperative Societies 17,600 0.01% Others 33,243,975 10.14% Total 327,736,819 As
per Annual Audited Accounts 2009, total number of shares issued by ECL were 297,942,563. In April
2010, there has been a 10% bonus issue which has increased the total shareholding to 327,736,819
shares. ECL is listed on the Karachi, Lahore and Islamabad stock exchanges and has a total paid-up
capital1 of PKR 3,277.37 million whereas total market2 capitalization stood at PKR 56,888.56 million. As
a testament to ECL„s blue chip corporate status, the Company has been a frequent winner of the
Corporate Excellence Award of the Management Association of Pakistan as well as the Top 25
Companies‟ Award of the Karachi Stock Exchange. Further, ECL‟s

Outline of subsidiaries and associated companies

ECL has diverse business interests in fertilizer, PVC, bulk chemical storage, food processing, power
generation etc. through various subsidiaries and joint ventures.