Nykaa shareholders approve independent director appointment

FSN E-Commerce Ventures Limited announced that its shareholders have approved the appointment of Dipak Gupta as a non-executive, independent director for a five-year term, effective December 26, 2025. The resolution was passed via postal ballot with an overwhelming majority, as detailed in the scrutinizer's report and voting results.

The e-voting postal ballot saw 2,488,552,926 votes cast in favor of the resolution, representing 99.81% of the total valid votes polled. Votes against the resolution amounted to 47,293,58, or 0.19% of the valid votes. The total number of shareholders on the record date, November 21, 2025, was 438,122. The remote e-voting period commenced on November 27, 2025, and concluded on December 26, 2025.

The company confirmed that the voting results and the scrutinizer's report are available on its website and the National Securities Depository Limited (NSDL) website. This approval underscores shareholder confidence in Nykaa's governance.