FSN E-Commerce Ventures Limited (Nykaa) has announced the outcome of its Board of Directors meeting held on August 04, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). Additionally, the company’s board has approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited for a consideration of up to INR 32 Crores.
Nykaa Board Approves Q1 FY27 Financial Results
FSN E-Commerce Ventures Limited, operating under the brand name Nykaa, held a board meeting on August 04, 2026. During this meeting, the Board of Directors considered and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, marking the first quarter of the financial year 2026-27. The detailed financial results and the limited review report from the statutory auditors have been enclosed as Annexure A.
Acquisition of Aminu Wellness Private Limited Approved
In a significant strategic move, the Board of Directors also approved the acquisition of a 51% equity stake in Aminu Wellness Private Limited (“Aminu”). The acquisition will be on a fully diluted basis, with a total consideration of up to INR 32 Crores, as per the terms of the executed transaction document. Aminu Wellness Private Limited is engaged in the business of manufacture, marketing, and sale of cosmetics products, particularly in the skincare category. The transaction is expected to be completed by September 15, 2026. This acquisition aligns with Nykaa’s strategy to expand its presence in the beauty and wellness sector. Details of the transaction, including the industry, objects, and consideration, are provided in Annexure B.
Meeting Details
The Board meeting commenced at 11:36 a.m. and concluded at 03:55 p.m. (IST).
Source: BSE
