Nykaa’s board has passed a special resolution to reappoint Pradeep Parameswaran and Seshashayee Sridhara as a non-executive, independent director for a second consecutive term of three years The company also passed a special resolution to appoint Santosh Desai as a non-executive independent director for a term of five years effective from July 15, 2024 The appointment and reappointment comes almost on the heels of Nykaa reporting a 1.2X jump in net profit year-on-year (YoY) to INR 9.07 Cr in Q4 FY24 Beauty ecommerce startup Nykaa has informed the stock exchanges that it passed a special resolution to reappoint Pradeep Parameswaran and Seshashayee Sridhara as a non-executive, independent director for a second consecutive term of three years from July 15, 2024 and July 26, 2024, respectively.
Besides this, FSN E-Commerce Ventures Limited, the parent entity of Nykaa, also passed a special resolution to appoint Santosh Desai as a non-executive independent director for a term of five years effective from July 15, 2024. The exchange filing further revealed that the assent or dissent on the above passed resolution can be communicated by the members through e-voting between June 13, 2024 and July 12, 2024. The result of the outcome will be declared on or before July 15, 2024.
Pramaeswaran who is the current global head of business development of Uber joined the board of Nykaa on July 15, 2021. He is also on the board of Nykaa E-retail Limited, one of the subsidiaries of FSN Ecommer.
