SUMMARY OF SIGNIFICANT EVENTS AND TRANSACTIONS IN THE CURRENT REPORTING PERIOD

The company’s financial position and performance was particularly affected by the following events and
transactions during the reporting period 2018:

a) During the year cement production line 3 and waste heat recovery system (WHRS), an alternate
energy project, became operational.
b) Made further investment in saqr in keetan for cement production company limited – subsidiary
(SAKCPCL).
c) Obtain loan under the facility of syndicate finance agreement.
d) recorded deferred tax asset in respect of tax credit on investment pertaining to line 3 and
WHRS.
e) reversed prior year’s tax provision.

The company’s financial position and performance was particularly affected by the following events and
transactions during the reporting period 2019:

a) The Company would continue to invest in the product quality by enhancing and upgrading its
production and quality facilities through strategic investments in its plant operations and ensure that
such investment results in cost-effective operations.

b) The Company would supply its products in diverse markets to achieve a healthy and growth-oriented
sales mix, focus towards a strong presence of its products in all the markets to achieve dynamic financial
results, with maximum returns to all the stakeholders.

c) Owing to the installation of Line 3 in the previous year, the Company has achieved record production
of clinker and cement resulting in increased sales during the year.