Dev Gurung, Shankar Pokharel, Naryankaji Shrestha and Bishnu Rimal among others are in the meeting.
This is the first time that Dahal reached Balkot after the split of the Nepal Communist Party.
The ruling coalition meeting had started following a one-on-one meeting between CPN (Maoist Center) Chairman Dahal and Prime Minister and Nepali Congress President Sher Bahadur Deuba.
But, Dahal walked out of Baluwatar after the meeting failed to reach consensus.
Deuba had called the Maoist supremo, who had walked out of the meeting saying the coalition had broken apart, in Baluwatar to persuade him for the last time, but he went to Balkot.
According to the Article 76 (2) of the Constitution, President Bidya Devi Bhandari had set a deadline of 5 pm today to claim the post of prime minister by securing a majority.
The party with the majority will have to submit the claim by 5 pm today.
Dahal reached Balkot to hold talks with Oli on a new strategy after the meeting failed to reach an agreement.
