Board Of Directors

1 Mian Hassan ManshaChairman
2 Mr. Norez AbdullahDirector
3Mr. Ahmad Aqeel Director
4 Mr. Mahmood Akhtar Director
5 Mr. Shahzad Ahmad Malik Director
6Mr. Ghazanfar Husain MirzaChief Executive
7Mr. Yousaf BashirDirector

Audit Committee

1Mr. Shahzad Ahmad Malik


2Mr. Yousaf Bashir
3Mr. Ahmad AqeelMember/Chairman

Human Resource & Remuneration Committee

1Mr. Ghazanfar Husain Mirza

2Mian Hassan Mansha
3Mr. Ahmad AqeelMember/Chairman

Code of Conduct


Shareholding Pattern


Sr # CategoriesShares HeldPercentage
1Directors, Chief Executive Officer, and their spouse and Minor Children4,0020.0011
2Associates Companies, Undertkaings and related parties180,632,95551.0135
3NIT and ICPNilNil
4Bank Development Financial Institutions, Non Banking Financial Institutions65,257,00017.5823
5Insurance Companies5,403,4881.5260
6Modarabas and Mutual Funds372,0700.1051
7Shareholders holding 10% or more180,632,95551.0135
8General Public
a. Local
b. Foreign

Company Meeting

Shareholders Meeting

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

Date Purpose Link
04-Jul-17 Appointment Of Director
24-Jul-17 Notice Of Extra Ordinary General Meeting
11-Aug-17 Election Of Directors
22-Aug-17 Latest List Of Directors
29-Aug-17 Appointment Of Chief Executive Officer & Chairman
13-Sep-17 Board Meeting
21-Sep-17 Financial Results For The Year Ended June 30, 2017
26-Sep-17 Notice Of Annual General Meeting
17-Oct-17 Board Meeting
25-Oct-17 Financial Results For The 1st Quarter Ended September 30, 2017
02-Nov-17 Application Of Nishat Energy Limited (NEL)
23-Nov-17 Dispatch Of 20% Final Dividend Warrants
14-Feb-18 Board Meeting
21-Feb-18 Financial Results For The Half Year Ended December 31, 2017
17-Apr-18 Board Meeting
24-Apr-18 Financial Results for 3rd Quarter Ended March 2018
10-Sept-18 Board Meeting
17-Sept-18 Financial Results for Year Ended June 30, 2018
25-Sept-18 Notice of Annual General Meeting
03-Oct-18 Submission of Annual Audited Accounts Year 2018
12-Oct-18 Board Meeting
22-Oct-18 Financial Results for the 1st Quarter Ended September 30, 2018

Election of Director


Mian Hassan Mansha

Mian Hassan Mansha has been serving on the Board of various listed companies for several years. He also serves on the Board of Lalpir Power Limited, Security General Insurance Company Limited, Nishat Mills Limited, Pakgen Power Limited, Nishat Hotels and Properties Limited, Nishat (Aziz Avenue) Hotels and Properties Limited, Nishat (Raiwind) Hotels and Properties Limited, Nishat (Gulberg) Hotels and Properties Limited, Nishat Hospitality (Private) Limited, Nishat Dairy (Private) Limited, Pakistan Aviators and Aviation (Private) Limited, Nishat Automobiles (Private) Limited, Nishat Real Estate Development Company (Private) Limited and Nishat Agriculture Farming (Private) Limited.

Mr. Ahmad Aqeel

A business professional and a qualified lawyer with over 15 years of diverse experience in Oil & Gas, Petroleum, Power and Financial Sectors, with a longstanding record of serving as a Director on the Boards of Public Listed Companies. Currently serving as an Elected Director on the Board of Sui Northern Gas Pipelines Limited (SNGPL), Chairman of Risk Management Committee & member of the key Committees of the Board of SNGPL. Serving as a Director on the Board of National Investment Trust Limited (NITL) & a member of Audit & HR Committees of National Investment Trust Limited. An elected independent Director serving on the Board of Nishat Power Limited (NPL), Chairman of Audit & HR Committees of Nishat Power Limited. A Director on the Board of Adamjee Life Assurance Company Ltd (AL), Chairman of Risk Management and Compliance Committee of Adamjee Life. Credited with setting up & successfully managing retail business in collaboration with Total Parco Pakistan Limited for more than fifteen years. As Managing Partner founded & setup the private business venture with Total Parco the second largest Oil Marketing Company (OMC) in Pakistan. A Certified Director from Pakistan Institute of Corporate Governance (PICG) and enrolled at the database of the SECP as a Certified Independent Director. Has been attending local and international workshops, skills training programs and seminars. A member of Lahore Chamber of Commerce & Industry and Lahore Gymkhana Club.

Mr. Yousaf Bashir

He has 25 years of professional experience and has worked as different capacities including Project Manager, Financial Analyst and head of investment banking. He has remained associated with Bank of America, ABN AMRO bank, The Royal Bank of Scotland, NIB Bank Limited and current working as Group Head Investment Banking at Allied.

Mr. Mahmood Akhtar

Mr. Mahmood Akhtar holds an MBA degree from Punjab University and a Certified Director from Pakistan Institute of Corporate Governance (PICG) and has over 36 years of managerial experience spread across various industries. He also serves on the Board of Pakgen Power Limited, Lalpir Power Limited, Security General Insurance Company Limited, Nishat Hospitality (Pvt) Limited, Nishat Spinning (Pvt) Limited

Mr. Ghazanfar Husain Mirza

Mr. Ghazanfar Hussain Mirza has a Bachelor degree in Mechanical Engineering from NED University of Engineering & Technology. Mr. Mirza has 35 years of experience   in   business   development   and   business   & corporate management   in   engineering,   technical   and multinational environment. He has served as Managing Director   of   Group   Companies   of   Wartsila   Corporation (Finland) in Pakistan and Saudi Arabia. He also serves on the Board of Nishat Mills Limited and holds the office of Chief Executive Officer 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 and a Certified Director by completing Director’s Training Program from The University of Lahore. He is also
a Director on the Board of D. G. Khan Cement Company Limited.

Notice U/S 178(4)

Compliance Certificate Under SRO 634 (1)/2014

© Copyright - NISHAT POWER I Last Updated 20th February 2020