Nykaa , formally known as FSN E-Commerce Ventures Limited, has initiated a postal ballot process to seek shareholder approval for a significant board appointment. The company is proposing to bring on board Dipak Gupta, a veteran in the financial services sector, as a Non-Executive Independent Director.

Key Details of the Proposed Appointment

About Dipak Gupta

Dipak Gupta brings a wealth of experience to Nykaa's board:

• Former Managing Director & CEO of Kotak Mahindra Bank
• Over three decades of experience in the financial services sector
• Extensive expertise in banking, investments, and risk management

Significance of the Appointment

The proposed appointment of Dipak Gupta is a strategic move by Nykaa to strengthen its board with seasoned professionals. His extensive experience in the financial sector could provide valuable insights as Nykaa continues to grow and navigate the e-commerce landscape.

Voting Process

Nykaa has opted for a remote e-voting process, aligning with modern corporate governance practices:

1. Eligible shareholders can cast their votes electronically.
2. The e-voting period spans a month, providing ample time for shareholder participation.
3. The results of the postal ballot will be announced within two working days after the voting concludes.

Implications for Shareholders

This move by Nykaa demonstrates the company's commitment to robust corporate governance. Shareholders should consider:

• The potential value addition of Dipak Gupta's expertise to Nykaa's board
• The importance of participating in the voting process to have a say in the company's governance
• The long-term implications of having a financial services veteran on the board of an e-commerce company

Shareholders are encouraged to review the detailed postal ballot notice and cast their votes before the December 26, 2025 deadline.

As Nykaa continues to evolve in the competitive e-commerce space, the addition of experienced professionals to its board could play a crucial role in shaping the company's future strategies and governance practices.

Nykaa (FSN E-Commerce Ventures Limited) has announced a significant development in its equity structure. The company, a prominent player in India's e-commerce beauty and fashion space, has allotted 664,160 equity shares to employees under its Employee Stock Option Scheme (ESOS).

Key Details of the Allotment

The allotment, which took place on November 15, 2025, was approved by the company's Nomination and Remuneration Committee. This move comes as part of Nykaa's ongoing efforts to incentivize and retain talent within the organization.

Impact on Share Capital

The newly allotted shares will have equal rights and privileges as the existing equity shares of the company. This includes voting rights and dividend entitlements. The allotment may have a minor dilutive effect on the company's share capital structure.

Regulatory Compliance

Nykaa has submitted this information to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This ensures transparency and keeps investors informed about changes in the company's capital structure.

Significance for Employees and Investors

For Nykaa's employees, this allotment represents an opportunity to participate in the company's growth and success. It aligns the interests of the employees with those of the shareholders, potentially boosting motivation and retention.

For investors, while the allotment might lead to a slight dilution in shareholding, it also signals the company's commitment to attracting and retaining talent, which is crucial in the competitive e-commerce sector.

As Nykaa continues to evolve in the dynamic Indian e-commerce landscape, such moves underscore its focus on employee welfare and long-term growth strategies. Investors and market watchers will likely keep a close eye on how this development impacts the company's performance and market position in the coming months.