FSN E-Commerce Ventures Limited (Nykaa) has announced a postal ballot to seek shareholder approval for the re-appointment of Ms. Falguni Nayar as the Executive Chairperson, Managing Director, and Chief Executive Officer (EC, MD & CEO) for a term of five years, effective from February 12, 2026, to February 11, 2031. The company will conduct this approval process solely through remote e-voting. The cut-off date for eligibility to vote was Wednesday, December 24, 2025. The e-voting period commenced on Tuesday, December 30, 2025, at 9:00 AM IST and will conclude on Wednesday, January 28, 2026, at 5:00 PM IST. The results of the postal ballot, along with the scrutinizer's report, will be announced on or before Friday, January 30, 2026. Ms. Falguni Nayar, the founder of Nykaa, has been instrumental in the company's growth, leading it to achieve a Gross Merchandise Value (GMV) of ₹15,600 crore and EBITDA of ₹474 crore in FY25. Her proposed remuneration includes a fixed annual compensation of ₹12 crore, with a variable component of 2% of the profit before tax on a consolidated basis, along with various perquisites and benefits. The Board of Directors unanimously approved the re-appointment based on the recommendation of the Nomination and Remuneration Committee, considering her performance, expertise, and strategic vision. The proposed terms and conditions, including remuneration, are within the limits prescribed by the Companies Act, 2013, and SEBI regulations.