Nykaa , officially known as FSN E-Commerce Ventures Limited, has announced a significant addition to its board of directors. Dipak Gupta, the former Managing Director & CEO of Kotak Mahindra Bank Limited, is set to join Nykaa as an Additional Independent Director, effective October 1, 2025, subject to shareholder approval.

Key Highlights of the Appointment

• Term: Gupta's appointment is for a five-year term, extending from October 1, 2025, to September 30, 2030.
• Experience: Brings over three decades of experience in the financial services sector, with more than 25 years at Kotak Mahindra Group.
• Previous Role: Served as Managing Director & CEO of Kotak Mahindra Bank Limited until December 31, 2023.
• Board Composition: With Gupta's addition, Nykaa's board will comprise 11 members.

Gupta's Background and Expertise

Dipak Gupta's extensive career in the financial services sector makes him a valuable addition to Nykaa's board. His experience includes:

• Overseeing various functions and businesses within the Kotak Mahindra Group.
• Playing a key role in establishing the retail business following Kotak Mahindra Finance Limited's transformation into a bank.
• Forging a partnership between Kotak Mahindra Finance Limited and Ford Credit International.
• Serving as the first CEO of their joint venture, Kotak Mahindra Primus Limited.

Currently, Gupta holds directorial positions at several Kotak Group companies and contributes to academia as a Professor of Practice at IIT Bombay.

Impact on Nykaa's Board Composition

Gupta's appointment further strengthens Nykaa's board diversity and expertise:

• Women now form close to 30% of the board composition.
• Independent directors represent nearly 55% of the board.

Leadership Comments

Falguni Nayar, Executive Chairperson, Founder, and CEO of Nykaa, welcomed Gupta's appointment, stating, "Dipak's profound knowledge of financial services, coupled with his strategic acumen and leadership in digital innovation, will be invaluable to Nykaa as we continue to scale and diversify."

Dipak Gupta expressed his enthusiasm about joining Nykaa's board, saying, "I am honored to join Nykaa's Board at such an exciting juncture in its journey. Nykaa's commitment to innovation and customer obsession resonates deeply with me."

Nykaa's Growth and Recognition

Nykaa continues to expand its presence in the beauty and fashion retail space:

• Serves 45 million customers through its online platforms (as of June 30, 2025).
• Operates 250 offline beauty destinations (as of July 31, 2025).
• Has expanded into the Middle East with its omnichannel beauty offering 'Nysaa'.
• Recognized in the TIME100 Most Influential Companies List.

The appointment of Dipak Gupta is expected to bring additional financial and strategic expertise to Nykaa as it continues its growth trajectory in the competitive e-commerce and retail sectors.

Nykaa , the beauty and fashion e-retailer operated by FSN E-Commerce Ventures Ltd., recently completed a significant block trade on the National Stock Exchange (NSE), showcasing continued market interest in the company's shares.

Block Trade Details

The block trade, valued at Rs. 47.65 crores, involved the exchange of approximately 2,001,974 shares at a price of Rs. 238.00 per share. This transaction highlights the substantial volume of FSN E-Commerce Ventures' shares changing hands in a single trade, indicating potential strategic moves by institutional investors or large shareholders.

Market Implications

Block trades of this magnitude often attract attention from market analysts and investors, as they can signal shifts in institutional holdings or reflect changing sentiments about a company's prospects. For FSN E-Commerce Ventures, this trade could potentially impact short-term stock price movements and liquidity.

Company's Recent Activities

While the block trade is a significant market event, it's worth noting that FSN E-Commerce Ventures continues to engage actively with the investment community. According to recent company disclosures, FSN E-Commerce Ventures has scheduled several investor interactions in the coming weeks:

• September 17: A physical meeting with a group of institutional investors organized by Morgan Stanley in Edinburgh
• September 19: An investor interaction in Paris
• September 23: Participation in the J.P. Morgan India Conference in Mumbai

These planned interactions suggest that the company is maintaining open lines of communication with investors and analysts, which is crucial for transparency and market confidence.

Conclusion

The execution of this substantial block trade on the NSE underscores the dynamic nature of FSN E-Commerce Ventures' stock in the market. As the company continues to navigate the competitive e-commerce landscape, investors and market watchers will likely keep a close eye on such significant transactions and the company's ongoing engagement with the financial community.

Shareholders and potential investors are advised to monitor official company announcements and market developments for a comprehensive understanding of FSN E-Commerce Ventures' position in the market.