Nykaa seeks shareholder approval for independent director appointment

FSN E-Commerce Ventures Limited (Nykaa) announced a postal ballot, open from November 27, 2025, to December 26, 2025, to seek shareholder approval for the appointment of Mr. Dipak Gupta as a non-executive, independent director for a five-year term. Mr. Gupta is proposed to hold office from October 1, 2025, until September 30, 2030, and will not be liable to retire by rotation. The appointment is a special resolution, recommended by the nomination and remuneration committee and approved by the board of directors, to further strengthen corporate governance and leverage his extensive experience.

Shareholders eligible to vote are those registered as of the cut-off date, November 21, 2025. The voting process will be conducted solely through remote e-voting via National Securities Depository Limited (NSDL). The company has not dispatched physical copies of the notice or postal ballot forms in accordance with Ministry of Corporate Affairs circulars. Results of the postal ballot, along with the scrutinizer's report, are expected to be announced on or before Tuesday, December 30, 2025.

Mr. Gupta, an IIIT BHU graduate and IIM-Ahmedabad postgraduate, brings over three decades of financial services experience, including a long tenure at Kotak Mahindra Group where he served as managing director & CEO of Kotak Mahindra Bank Limited until December 31, 2023. He currently serves as a director on the boards of Kotak Alternate Asset Managers Limited, Kotak Infrastructure Debt Fund Limited, and Kotak Mahindra Life Insurance Company Limited. His appointment is expected to enhance the board's skills and competencies.