FSN E-Commerce Ventures Ltd

Target overview

• Target: Aminu Wellness Private Limited, wellness sector; country/operational scope not disclosed.
• Incorporation date and product lines not disclosed.
• Recent turnover history not disclosed.

Transaction details

• Acquisition of 51% on a fully diluted basis; Aminu becomes subsidiary.
• Percentage acquired: 51%; control due to majority stake.
• Shares credited to FSN demat account; completion status: completed.
• Form of consideration: not disclosed.
• Cost/price: not disclosed.

Regulatory approvals

• Regulatory approvals required: not specified.

Timeline

• Completion date: September 24, 2026.

Related party / governance

• Related party transaction status: not explicitly stated.

Target background

• Products/services: not disclosed.
• Incorporation date: not disclosed.
• Recent turnover: not disclosed.

Collaboration overview

• Nykaa and BOLD will take minority stakes in fast-growing Indian beauty brands.
• Founders retain full ownership and run their brands independently.
• The collaboration combines capital with mentorship and L'Oréal's global beauty expertise.
• Nykaa will leverage its omnichannel network and consumer ecosystem.
• The partnership aims to scale Indian brands for India and global markets.

FSN E-Commerce Ventures Ltd - Trading Window Closure from September 24, 2026 until 48 hours after the unaudited results for the quarter and half year ending September 30, 2026 become generally available

ESG Rating Details

• Crisil ESG Ratings assigned an ESG score of 64 for FY2026, up from 57.
• Rating moved from 'Adequate' to 'Strong' category.
• Rating prepared independently by Crisil ESG Ratings & Analytics Ltd.
• FSN E-Commerce did not engage Crisil ESG Ratings for ESG services.
• Rating based on FY2026 data and publicly available information.
• Rating published on September 10, 2026.

AGM Details

• AGM held on August 25, 2026 via Video Conferencing.
• Record date for voting: August 18, 2026.

Key Resolutions

• Adopt standalone financial statements for the year ended March 31, 2026.
• Adopt consolidated financial statements for the year ended March 31, 2026.
• Re-appoint Sanjay Nayar as director, retiring by rotation.
• Re-appoint Milan Khakhar as director, retiring by rotation.
• Appoint Walker Chandiok & Co. LLP as statutory auditors; fix remuneration.

Voting Results

• Resolution 1 passed with overwhelming majority.
• Resolution 2 passed with ~99.81% in favour.
• Resolution 3 passed with ~99.53% in favour.
• Resolution 4 passed with ~99.94% in favour.

Dividend

• No dividend proposed or declared.

Director Changes

• Two directors re-appointed on rotation.

Auditor Appointments

• Statutory auditors appointed; remuneration to be fixed.

Material Related Party Transactions

• No material related party transactions approved.

Other Approvals

• No other material approvals reported.

AGM Details

• 14th AGM held on August 25, 2026 at 10:30 IST via Video Conferencing.
• Remote e-voting from Aug 21–24, 2026; post-meeting window of 15 minutes.

Key Resolutions

• 1A Ordinary - Adoption of standalone financial statements for year ended Mar 31, 2026.
• 1B Ordinary - Adoption of consolidated financial statements for year ended Mar 31, 2026.
• 2 Ordinary - Re-appointment of Sanjay Nayar as Director by rotation.
• 3 Ordinary - Re-appointment of Milan Khakhar as Director by rotation.
• 4 Ordinary - Appointment of Walker Chandiok & Co. LLP as Statutory Auditors; remuneration to be fixed.

Voting Results

• E-voting results and Scrutinizer's Report to be declared as per applicable laws.

Director Changes

• Re-appointments of Sanjay Nayar and Milan Khakhar as Directors by rotation.

AGM Details

• AGM held on 25 August 2026 at 10:30 IST; presentation to Members.

Financial Overview

• FY26 revenue Rs 10,022 Cr; EBITDA Rs 752 Cr; PAT Rs 204 Cr.

AGM Details

• AGM held on August 25, 2026; chairperson delivered the speech.

Financials FY26

• FY26 revenue ₹10,000 crore; EBITDA ₹752 crore; PAT ₹204 crore; ROCE 21.2%.
• Fixed asset turnover 9.9x; working capital days 28; net debt down 47%.
• FY30 targets: revenue 2.5-3x; EBITDA 4-5x; ROCE 40%+.

Growth segments and initiatives

• Beauty NSV > ₹8,500 crore; GMV ≈ ₹15,000 crore; 45 million customers.
• Fashion NSV ~₹1,450 crore; EBITDA breakeven achieved FY26 Q4.
• House of Nykaa GMV ₹3,200 crore; NSV ₹1,900 crore.
• Superstore GMV ₹1,200 crore; 5 lakh retailers served.
• GCC expansion: six stores; revenue share under 1%.
• AI initiatives: Ask Nykaa, Virtual Closet, Skin Scan; AI across organization.
• 55 million customers; 313 beauty stores; 44 warehouses.

ESG & Governance

• 85% of orders shipped in sustainable packaging; recycled 1100+ tonnes.
• CSR: 5,600+ women trained; target 50,000 by FY31.
• Board: 55% independent directors; ~30% women.
• Awards: Top 15 Best Workplaces in Retail.

NCD redemption by subsidiary

• Nykaa E-Retail Limited, a wholly owned FSN subsidiary, completed full redemption of its unlisted NCDs.
• Redemption was completed in accordance with pre-agreed terms.
• Regulatory reference: disclosure under Regulation 30 of SEBI LODR.
• No monetary amount of NCDs or redemption proceeds disclosed.