Board Of Directors

1 Mian Hassan ManshaChairman
2Mr. Muhammad Aqib ZulfiqarDirector
3Mr. Humayun MaqboolDirector
4 Mr. Mahmood Akhtar Director
5 Mr. Shahzad Ahmad Malik Director
6Mr. Ghazanfar Husain MirzaChief Executive
7Ms. Maleeha Humayun BangashDirector

Audit Committee

1Mr. Humayun MaqboolMember/Chairman
2Ms. Maleeha Humayun BangashMember
3Mr. Muhammad Aqib ZulfiqarMember

Human Resource & Remuneration Committee

1Mian Hassan Mansha
Member
2Ms. Maleeha Humayun BangashMember/Chairman
3Mr. Ghazanfar Husain Mirza
Member

Code of Conduct

Notices

Poll Result for Special Resolution at AGM 2023

Notice for AGM 2023 on October 26, 2023

Notice of EOGM on 22-Aug-2023

Change in Statutory Auditors

Notice Of AGM

Proxy Form English

Proxy Form Urdu

Shareholding Pattern

CATEGORIES OF SHAREHOLDERS AS ON JUNE 30, 2023

Sr # CategoriesShares HeldPercentage
1Directors, Chief Executive Officer, and their spouse and Minor Children4,0010.0011
2Associates Companies, Undertkaings and related parties180,632,95551.0135
3NIT and ICPNilNil
4Bank Development Financial Institutions, Non Banking Financial Institutions23,796,9126.7206
5Insurance Companies5,004,4881.4133
6Modarabas and Mutual Funds1,855,9180.5241
7Shareholders holding 10% or more180,632,95551.0135
8General Public
a. Local127,378,20535.9736
b. Foreign105,2000.0297
9Others15,310,8214.3240

Company Meeting

Shareholders Meeting

Notices of general meetings, election of directors, dividend / bonus declarations and right issue

DATE PURPOSE LINK
29-Jul-20 SUBMISSION OF ANNUAL AUDITED ACCOUNTS FOR THE PERIOD ENDED JUNE 30, 2020 https://dps.psx.com.pk/download/document/150403.pdf
28-Jul-20 Financial Results for the year ended June 30,2020 https://dps.psx.com.pk/download/document/150345.pdf
20-Jul-20 Board Meeting https://dps.psx.com.pk/download/document/150053.pdf
30-Jun-20 MATRIAL INFORMATION https://dps.psx.com.pk/download/document/149508.pdf
29-Apr-20 Transmission of Quarterly Report https://dps.psx.com.pk/download/document/146903.pdf
27-Apr-20 FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED MARCH 31, 2020 https://dps.psx.com.pk/download/document/146613.pdf
17-Apr-20 BOARD MEETING https://dps.psx.com.pk/download/document/145917.pdf
25-Mar-20 CREDIT OF 10% INTERIM CASH DIVIDEND https://dps.psx.com.pk/download/document/145005.pdf
20-Feb-20 SUBMISSION OF HALF YEARLY ACCOUNTS FOR THE PERIOD ENDED DECEMBER 31, 2019 https://dps.psx.com.pk/download/document/143077.pdf
13-Feb-20 FINANCIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31, 2019 https://dps.psx.com.pk/download/document/142627.pdf
04-Feb-20 Board Meeting https://dps.psx.com.pk/download/document/142293.pdf
18-Nov-19 Corporate Briefing Session on FY 2019 Business Results of Nishat Power Limited https://dps.psx.com.pk/download/document/139409.pdf
25-Oct-19 SUBMISSION OF QUARTERLY ACCOUNTS FOR THE PERIOD ENDED SEPTEBER 30, 2019 https://dps.psx.com.pk/download/document/137647.pdf
23-Oct-19 FINANCIAL RESULTS FOR THE 3RD https://dps.psx.com.pk/download/document/137490.pdf
15-Oct-19 Board Meeting https://dps.psx.com.pk/download/document/136799.pdf
03-Oct-19 Transmission of Annual Audited Accounts https://dps.psx.com.pk/download/document/135799.pdf
23-Sep-19 NOTICE OF ANNUAL GENERAL MEETING https://dps.psx.com.pk/download/document/134797.pdf
18-Sep-19 FINANCUAL RESULTS FOR THE YEAR ENDED JUNE 30, 2019 https://dps.psx.com.pk/download/document/134608.pdf
06-Sep-19 Board Meeting https://dps.psx.com.pk/download/document/134278.pdf
19-Jun-19 CREDIT OF 15% Interim CASH DIVIDEND https://dps.psx.com.pk/download/document/131861.pdf
30-Apr-19 Corrigendum – Appointment of Chief Executive and Chairman of the Board https://dps.psx.com.pk/download/document/130089.pdf
29-Apr-19 Appointment of Chief Executive and Chairman of the Board https://dps.psx.com.pk/download/document/130022.pdf
29-Apr-19 Transmission of Quarterly Report for the Period ended 31-03-2019 https://dps.psx.com.pk/download/document/129825.pdf
26-Apr-19 FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED MARCH 31, 2019 https://dps.psx.com.pk/download/document/129714.pdf
18-Apr-19 Board Meeting https://dps.psx.com.pk/download/document/128951.pdf
06-Mar-19 APPOINTMENT OF DIRECTOR https://dps.psx.com.pk/download/document/127351.pdf
26-Feb-19 Transmission of Quarterly Accounts https://dps.psx.com.pk/download/document/126565.pdf
20-Feb-19 FINNACIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31, 2018 https://dps.psx.com.pk/download/document/126156.pdf
12-Feb-19 Board Meeting https://dps.psx.com.pk/download/document/125662.pdf
13-Nov-18 Credit of Final Cash Dividend https://dps.psx.com.pk/download/document/122568.pdf
26-Oct-18 Filling of Certified Copy of Resolutions Passed by the Shareholders in Compliance with the requirements of Regulation 5.6.4 (C) of the Rule Book https://dps.psx.com.pk/download/document/121182.pdf
25-Oct-18 Transmission of Quarterly Accounts https://dps.psx.com.pk/download/document/120995.pdf
22-Oct-18 FINANCIAL RESULTS FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2018 https://dps.psx.com.pk/download/document/120698.pdf
12-Oct-18 Board Meeting https://dps.psx.com.pk/download/document/120060.pdf
03-Oct-18 SUBMISSION OF ANNUAL AUDITED ACCOUNTS FOR THE YEAR ENDED JUNE 30, 2018 https://dps.psx.com.pk/download/document/119091.pdf
25-Sep-18 Notice of Annual General Meeting https://dps.psx.com.pk/download/document/118347.pdf
17-Sep-18 FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2018 https://dps.psx.com.pk/download/document/117980.pdf
10-Sep-18 BOARD MEETING https://dps.psx.com.pk/download/document/117716.pdf

PROFILE OF EXISTING BOARD OF DIRECTORS

Mian Hasan Mansha

Mian Hassan Mansha has been serving on the Board of various listed companies since 2000. He is also serving on the Boards of Security General Insurance Company Limited, Nishat Mills Limited, Lalpir Power Limited, Nishat Hotels and Properties Limited, Nishat (Aziz Avenue)  Hotels  and Properties Limited, Nishat (Raiwind) Hotels and Properties Limited, Nishat Dairy (Private) Limited, Pakistan Aviators and Aviation (Private) Limited, Nishat Real Estate Development Company (Private) Limited, Nishat Agriculture Farming(Private) Limited, and Chief Executive Officer of  Pakgen Power Limited and Hyundai Nishat  Motor (Pvt) Limited.

Mr. Humayun Maqbool  Independent Director

Mr. Humayun Maqbool is a Bachelor of Arts in Economics with a minor in Business Administration from Boston University, USA and also holds degree of Masters in Business Administration from Lahore University of Management Sciences and has over 35 years of vast experience spread across various industries domestic and international. He is serving on the Boards of Crescent Fibres Limited and Suraj Cotton Mills Limited.

Ms. Maleeha Bangash

Ms. Maleeha Bangash is a recognized Banking & Financial Industry expert, with a rich experience of more than 25 years obtained in Singapore, Turkiye and Pakistan primarily in Banking & Financial Services.

Ms. Bangash obtained her MBA from the University of Chicago, Booth School of Business, in Investment & Finance, where she graduated with Honors. Earlier, she had obtained an MBA from the Lahore University of Management Sciences, in Finance & Marketing.

She brings with her senior management experience in Corporate & Investment Banking, in Pakistan & Singapore, including Investment & Capital Markets (Debt & Equity Markets, Portfolio Management, M&A, Investment Advisory, Project Finance Fund Structuring and Management, Private Equity/Venture Capital, Strategy formulation, Public/Private Partnerships, Infrastructure & Asset Management). Experienced in ESG, Access to Finance/Financial Inclusion (MicroSMEs, Women, Youth & start-ups), Development Finance, Social Impact Investment & Sustainable Development Goals. She has been involved in Digital Banking & Fintech in parallel for 8 years.

Currently, she is affiliated with IFC-International Finance Corporation, Financial Institutions Group (FIG) Singapore, where she covers the East Asia & Pacific as the Expert Consultant in Digital Banking, Digital Financial Services, Green Finance & Gender. Ms. Bangash held the position of Managing Director, ICRU, (World Bank Group), establishing an efficient organization, raising Pakistan’s ranking on Ease of Doing Business (EODB)index, and improving Investment Climate and Access to Finance.

As Dy. CEO she successfully led Habib Asset Management. She won the Miracle Woman Award in 2019 for outstanding professional achievements in Banking and Finance. She is the notified Lead for KP PSX initiatives & has advised the KP Minister of Finance, on Access to Finance/ Financial Inclusion, EODB/Investment Climate and has been Founding Member Competition Commission of Pakistan (Federal Government). She was in charge of areas of Advocacy, Research and Mergers and Acquisition Review She is the proud winner of the 100 Most Prominent Women in Anti-Trust (Global) award in 2009 selected on merit (profile and achievement) from the entire world’s competition professionals.

She was instrumental in the launch of MCB Asset Management, where she reported to the CEO and led as Head of Marketing, Retail & Institutional Sales. As Chief Strategy Officer at one of the largest local Asset Management Company (UBL Funds), she formulated & implemented a 5-year Strategy to take the firm to the next level.

As a seasoned investment banking and business strategy professional, she has lived for around 8 years in Singapore and worked in leading Financial Institutions in Singapore including IFC-International Finance Corporation, Singapore; She has worked as Vice President, Head of Business and Projects in Global Capital Partners (Makara Capital) Singapore, as Vice President, Head of Business Development and Alliances in Global Strategies Pte. Ltd. Singapore, and as Vice President of Corporate Banking and Wealth ManagementHBL Corporate & Investment Banking, Singapore. In these roles, both in Singapore and Pakistan she has driven revenues and developed new business avenues.

Ms. Maleeha Bangash is a Certified Director from Pakistan Institute of Corporate Governance

Mr. Mahmood Akhtar

Mr. Mahmood Akhtar holds an MBA degree from University of the Punjab and has over 45 years of managerial experience spread across various sector of industries & business: Sales and Marketing of durable engineering products, manufacturing of cables & overhead aluminum conductor, Power, Health & Hospitality and Relationship Management and also attended Higher Management Courses at LUMS & Entrepreneur Course by AOTS, Japan.

He also serves on the Board of Nishat Mills Limited, Nishat Power Limited, Security General Insurance Company Limited, Nishat Hospitality (Private) Limited, Nishat Paper Products Company Limited and Nishat Commodities (Private) Limited.

    • Member of Pen (Progressive Education Network). Engaged in providing free & quality education to children.
    • Keen Golfer.

Mr. Ghazanfar Husain Mirza

Mr. Ghazanfar Hussain Mirza has a Bachelor’s degree in Mechanical Engineering from NED University of Engineering & Technology. Mr. Mirza has 43 years of experience in business and corporate management in technical, commercial and multinational environment. He has served as Managing Director of Wartsila Corporation (Finland) companies in Pakistan and Saudi Arabia. He also serves on the Board of Pakgen Power Limited.

Mr. Shahzad Ahmad Malik

Mr. Shahzad Ahmad Malik has been associated with Nishat Group since 1998. Before joining the Group, he served as a Deputy Director in the Pakistan Audit and Accounts Service, Government of Pakistan. He has a degree in Civil Engineering and later on did his MBA from the Lahore University of Management Sciences. He is also a Director on the Board of D. G. Khan Cement Company Limited.

Mr. Muhammad Aqib Zulfiqar

Mr. Aqib is a Chartered Accountant by profession and a fellow member of the Institute of Chartered Accountants of Pakistan. He is a highly accomplished, results-driven senior financial executive with 23 years of diverse work experience which run from the top telecom industry, passing through the gates of the energy sector into the automobile sector. He was among the pioneers of Wateen Telecom in Pakistan, leading it to great success, which became the second largest fixed-line telecom and multimedia service provider in Pakistan. Mr. Aqib was also part of the team which developed the first independent hydropower producer (IPP) in Pakistan/AJ&K, i.e., Laraib Energy Limited (A Hubco subsidiary). He also rendered his services to the largest education networks (Beaconhouse & Punjab Group) in Pakistan and Jamjoom Medical Industries largest medical supplies company in the Kingdom of Saudi Arabia. His previous assignment was as Chief Financial Officer of Nishat Hotels and Properties Limited. Currently, he is working as Executive Vice President and CFO of Hyundai Nishat Motor Private Limited.

Please click below for Election of Director

Election of Directors 2023

Notices

Notice of EOGM on 22-Aug-2023

Compliance Certificate Under SRO 634 (1)/2014

© Copyright - NISHAT POWER I Last Updated 28th October 2022