Lahore: Nishat Chunian Power Limited has announced the unopposed election of its board of directors, following the receipt of nominations from seven candidates for an equal number of seats. The company disclosed this information in a report dated October 12, 2026, ahead of its Annual General Meeting scheduled for October 23, 2026.

The candidates who submitted their notices of intention to contest the election are Mr. Hassan Mansha, Mr. Mikail Raza Mansha, Mr. Aftab Ahmad Khan, Sheikh Muhammad Iqbal, Ms. Leila Khan, Mr. Ghazanfar Hussain Mirza, and Mr. Farrukh Ifzal. Since the number of candidates does not exceed the number of available positions on the board, all nominees are set to assume their roles without contest.

This development falls under Section 159(1) of the Companies Act, 2017, which outlines the procedure for elections when the number of director candidates does not surpass the board-designated seats. A formal notice in accordance with Section 159(4) of the Companies Act, 2017, has been circulated among stakeholders to confirm the unopposed appointments.

According to information available from the Pakistan Stock Exchange (PSX), Nishat Chunian Power Limited operates within the designated market category. The election of these directors will solidify the company's leadership structure for a term of three years, ensuring continuity in its governance and strategic direction.