1 Falus - Nasir Shah

Nasir Shah ruled Malwa from roughly 1500 to 1510, a period when the sultanate was increasingly squeezed between the expanding Sultanate of Gujarat to the west and the rising Lodi power to the north. The Malwa sultans maintained their own copper coinage partly as an assertion of independent fiscal authority during precisely this kind of pressure. Nasir Shah's reign ended when Mahmud Khalji II was deposed and the dynasty fractured — the sultanate would fall to Gujarat within two decades.