Please find enclosed Notice of Postal Ballot

Nykaa's parent company FSN E-Commerce Ventures is seeking shareholder approval via postal ballot for re-appointment of four directors. The key resolutions cover: (1-2) Ms. Adwaita Nayar's re-appointment as Executive Director for 5 years from July 1, 2026 with fixed compensation of ₹3.5 crore p.a. plus variable commission of 0.5% of consolidated PBT (up to 400% of fixed), and perquisites up to ₹1.25 crore; (3-4) Mr. Anchit Nayar's re-appointment as Executive Director for 5 years from July 1, 2026 with similar remuneration structure; (5) Mr. Milind Sarwate's re-appointment as Independent Director for second term of 5 years; (6) Ms. Anita Ramachandran's re-appointment as Independent Director for second term of 5 years with explicit approval to continue after age 75. The company highlighted strong financial performance with revenue growing from ₹5,144 crore to ₹10,022 crore (25% CAGR over 3 years), EBITDA CAGR of 43%, PAT CAGR of 113%, and ROCE improving from 6.6% to 21.2%. Total GMV reached ₹200 billion with Nykaa Fashion achieving EBITDA breakeven in Q4 FY2025-26. Voting period is May 29 to June 27, 2026.