Nykaa shareholders approve Falguni Nayar re-appointment as CEO for 5 years
NYKAA · price
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Nykaa shareholders have approved the re-appointment of founder Falguni Nayar as Executive Chairperson, Managing Director and CEO for another 5-year term, along with her remuneration, via e-voting postal ballot. The resolution passed with 90.14% votes in favour (about 23.8 crore shares) and 9.86% against. Promoters voted fully in favour, while 74% of public institutions and nearly 100% of retail non-institutional shareholders backed the resolution.
Leadership continuity confirmed at Nykaa. Falguni Nayar gets a fresh 5-year mandate with strong shareholder support above 90 percent.