FSN E Commerce Ventures Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026 in which the following was considered and approved: i. Re-appointment of Ms. Adwaita Nayar and Mr. Anchit Nayar as Whole-Time Directorsdesignated as Executive Directors of the Companyii. Re-appointment of Ms. Anita Ramachandran and Mr. Milind Sarwate as IndependentDirectors of the Company.
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FSN E-Commerce Ventures (Nykaa) announced the re-appointment of four directors at its May 15, 2026 board meeting. Ms. Adwaita Nayar and Mr. Anchit Nayar have been re-appointed as Whole-Time Directors (Executive Directors) for 5 years starting July 1, 2026. Both are children of CEO Falguni Nayar and Non-Executive Director Sanjay Nayar, and are siblings of each other. Separately, Ms. Anita Ramachandran and Mr. Milind Sarwate have been re-appointed as Independent Directors for their second consecutive 5-year terms. All appointments are subject to shareholder approval at the upcoming general meeting.
The continuity of the Nayar family's executive leadership provides stability in company management. However, the concentration of multiple family members in key board positions may attract governance scrutiny from institutional investors.