The meeting is expected to elect new leaders to fill up various posts in the party. The question doing the rounds is whether Shah, now the Home Minister, will demit office and hand over charge to one of two hopefuls - Nadda or Bhupendra Yadav.
Informed sources have indicated that there Shah will continue as President till December this year to oversee important state elections in Haryana, Maharashtra and Jharkhand where the BJP is the ruling party.
There is also a possibility of Jammu and Kashmir, now under President's Rule, going to the polls.
Shah will also meet party General Secretaries (Organization) of various states on Friday.
Thursday's meeting began by welcoming Shah with senior party functionaries congratulating him for the BJP's spectacular win in the Lok Sabha elections.