FSN E-Commerce Ventures Limited, operating as Nykaa, announced the outcome of its Board of Directors meeting held on November 04, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Additionally, the company approved the acquisition of an 82% equity stake in Simply Nam Beauty Private Limited for a consideration of up to ₹33 Crores.
Nykaa Board Meeting Outcome
FSN E-Commerce Ventures Limited (Nykaa) convened a Board of Directors meeting on November 04, 2026. During this meeting, the board considered and approved several key matters, including the financial performance of the company.
Financial Results Approved
The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. These results, along with the limited review report from the statutory auditors, have been enclosed as Annexure A.
Acquisition of Simply Nam Beauty
In a significant strategic move, the board also gave its approval for the acquisition of an 82% equity stake in Simply Nam Beauty Private Limited, hereafter referred to as “Simply Nam.” This acquisition is based on a fully diluted basis and involves a consideration of up to ₹33 Crores. The transaction details are outlined in documents executed with Simply Nam and its shareholders and are further elaborated in Annexure B, adhering to SEBI Listing Regulations.
Meeting Details
The Board meeting commenced at 11:22 a.m. IST and concluded at 03:44 p.m. IST on the same day.
Source: BSE
