News Corporate Actions Nykaa Shareholders Approve Falguni Nayar's Re-appointment as Executive Chairperson for 5-Year TermNykaa Shareholders Approve Falguni Nayar's Re-appointment as Executive Chairperson for 5-Year Term
FSN E-Commerce Ventures (Nykaa) successfully concluded its postal ballot on January 28, 2026, with shareholders approving Ms. Falguni Nayar's re-appointment as Executive Chairperson, MD & CEO for five years. The resolution received 90.14% votes in favour from 2,37,95,37,022 equity shares, with 92.22% shareholder participation. Promoter group showed unanimous support while public institutions and non-institutions also demonstrated strong backing for the leadership continuity.
*this image is generated using AI for illustrative purposes only.
Nykaa shareholders have overwhelmingly approved the re-appointment of Ms. Falguni Nayar as Executive Chairperson, Managing Director and Chief Executive Officer for a five-year term through a postal ballot process concluded on January 28, 2026. The resolution received strong support from across all shareholder categories, demonstrating confidence in the leadership's continued stewardship of the e-commerce platform.
Voting Results and Participation
The postal ballot, conducted entirely through e-voting from December 30, 2025, to January 28, 2026, saw significant shareholder participation with 92.22% of total shareholders casting their votes. The resolution was passed as an ordinary resolution with the requisite majority.
| Voting Summary: | Details |
|---|---|
| Total Valid Votes: | 2,63,98,78,180 shares |
| Votes in Favour: | 2,37,95,37,022 shares (90.14%) |
| Votes Against: | 26,03,41,158 shares (9.86%) |
| Total Shareholders on Record: | 424,723 |
| Voting Participation: | 92.22% |
Category-wise Voting Pattern
The voting results revealed strong support across different shareholder categories, with promoters showing unanimous backing for the resolution.
| Shareholder Category: | Shares Held | Votes Polled | Participation (%) | In Favour (%) | Against (%) |
|---|---|---|---|---|---|
| Promoter and Promoter Group: | 1,49,13,92,142 | 1,49,13,92,142 | 100.00 | 100.00 | 0.00 |
| Public Institutions: | 1,06,78,72,016 | 1,00,18,11,482 | 93.81 | 74.01 | 25.99 |
| Public Non-Institutions: | 30,32,59,598 | 1,46,74,556 | 48.37 | 99.99 | 0.01 |
Regulatory Compliance and Process
The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. Mr. Vishwanath, a Practicing Company Secretary and Designated Partner of M/s. Sharma and Trivedi LLP, served as the appointed Scrutinizer for the e-voting process. The scrutinizer was appointed by the Board of Directors through a resolution dated November 7, 2025.
The company followed the regulatory framework established by MCA circulars and SEBI guidelines, conducting the entire process electronically. Notice of the postal ballot was sent via email to shareholders whose email addresses were registered with depositories as of the cut-off date of December 24, 2025.
Publication and Transparency
In compliance with regulatory requirements, FSN E-Commerce Ventures published advertisements in multiple newspapers including Financial Express, The Free Press Journal (English), and Navshakti (Marathi) on December 30, 2025, informing shareholders about the postal ballot notice dispatch. The voting results and scrutinizer's report have been made available on the company's website and will be displayed at both the registered office and corporate office.
The successful completion of this postal ballot process reinforces shareholder confidence in the company's leadership structure and strategic direction under Ms. Falguni Nayar's continued guidance as Executive Chairperson, Managing Director and Chief Executive Officer for the next five years.
Historical Stock Returns for Nykaa
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.32% | -1.53% | -8.29% | +13.99% | +41.82% | -35.28% |
