Lahore: Nishat Power Limited has announced an Extraordinary General Meeting (EOGM) set to convene on August 22, 2026, at 11:30 a.m. in Lahore. The meeting will take place at the Nishat Hotel, Emporium Mall, and is intended to address specific business matters as outlined in the notice released by the company.
According to the announcement made on July 28, 2026, the primary agenda of the EOGM is the election of seven directors for a new three-year term. This election is pursuant to Section 159 of the Companies Act, 2017, as the current directors are approaching the end of their term. The directors eligible for re-election include Mr. Hassan Mansha, Ms. Maleeha Humayun Bangash, Mr. Mahmood Akhtar, Mr. Muhammad Aqib Zulfiqar, Mr. Humayun Maqbool, Mr. Ghazanfar Hussain Mirza, and Mr. Shahzad Ahmad Malik.
The shares transfer books of Nishat Power Limited will be closed from August 10, 2026, to August 22, 2026. This closure is necessary to facilitate attendance and voting at the EOGM. Physical transfers and CDS Transactions IDs that are completed by 1:00 p.m. on August 7, 2026, at the office of the Share Registrar, Hameed Majeed Associates (Pvt) Limited, will be eligible for consideration at the meeting.
The meeting's agenda and supporting documents, including a Statement of Material Facts required under Section 166(3) of the Companies Act, 2017, have been distributed to the members of the company. This statement outlines the procedure for selecting independent directors, ensuring compliance with legal requirements.
According to information available from the Pakistan Stock Exchange (PSX), Nishat Power Limited operates within the designated market category for energy and power companies. The company's forthcoming meeting and the election of directors are significant for stakeholders monitoring governance and strategic decisions in this sector.
The EOGM of Nishat Power Limited will play a crucial role in determining the future governance structure and strategic direction of the company, as it seeks to navigate the complex landscape of energy production and distribution.