FSN E-Commerce Ventu News

FSN E-Commerce Ventures Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 61516.17 Crore) operating in Services sector.

Newspaper Publication attached

BRSR for the financial year ended March 31, 2024

Please note that 12th Annual General Meeting of the Company will be held on Wednesday, September 18, 2024 at 3:30 p.m. (IST) through video conference/ other audio visual means.

Please find attached the Integrated Annual Report for FY2023-24.

The NSE Nifty index closed 11.66 points up at 24823.15

The NSE Nifty index closed 11.66 points up at 24823.15

The NSE Nifty index was trading 4.85 points up at 24816.35

Shares of FSN E-Commerce Ventures, Nykaa's parent company, rose 4% after Harindarpal Singh Banga and Indra Banga sold a 1.4% stake. The sale price was Rs 198 per share, a discount from Thursday's closing. Nykaa's shares have shown significant gains, rising by 23% this year and 60% over the past 12 months.

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, have rallied sharply, surging 20% over the past month, with an 11% increase occurring in the last week alone. Investor enthusiasm grew after the company reported a profit of Rs 13.64 crore for the first quarter ending June 2024, marking a 152% year-on-year increase.

The NSE Nifty index closed 71.36 points up at 24770.2

The NSE Nifty index closed 71.36 points up at 24770.2

Earnings call transcript for Q1 FY25

Newspaper clipping regarding 12th Annual General Meeting of the Company

New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment.

New-age stocks surged recently, thanks to higher revenue growth and increased profitability through reduced spending. The ET E-commerce Index rose 45% in six months. Shares of Zomato, Paytm, and PB Fintech showed notable gains. Foreign institutional investors significantly increased their stakes, supporting the growth of these companies.

Please find attached copy of newspaper publication

Nykaa Share Price: Nykaa saw its shares rise by 6% after reporting a 152% year-on-year increase in net profit for June 2024, reaching Rs 13.64 crore. Revenue for the quarter was Rs 1,746.11 crore, up 23%. The board also approved further stakes in Dot & Key Wellness and investment in Earth Rhythm, boosting its business strategy.

Link of recording

Press Release attached

Press Release attached

Investor presentation attached

As per the letter attached.

Nykaa Q1 Results: FSN E-Commerce Ventures, the company behind Nykaa, announced a consolidated net profit of Rs 13.64 crore for the quarter ended June 30, 2024, marking a 152% increase from last year. Revenue rose to Rs 1,746.11 crore, up 23%.

As per the letter attached

Attached

Q1 results today: Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance Technologies, Ipca Labs, NBCC (India), Godrej Industries among others will also declare their quarterly results

Nykaa Q1 Result Preview: FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.

Allotment of 166550 equity shares pursuant to exercise of stock options

As per the letter attached.

FSN E-Commerce Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2024 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2024

Issuance of Unlisted, Unsecured, Unrated, Redeemable Non-Convertible Debentures (NCDs) by Nykaa E-Retail Limited, a wholly owned subsidiary of the Company, on private placement basis

Allotment of Shares pursuant to ESOP''s

As per the intimation attached

Minutes of Postal Ballot Proceedings

Outcome of Postal Ballot

Scrutinizer Report Attached

As per letter attached

Please find enclosed herewith a Communication on Nykaa (FSN E Commerce Ventures Limited along with its subsidiaries) which is self explanatory

Pursuant to Regulation 30 of SEBI LODR Regulations, 2015, read with Part A of Schedule 3 of the Listing Regulations, we hereby inform you that Nessa International Holdings Limited, a step-down subsidiary of the Company has incorporated a new wholly owned subsidiary in Qatar by the name of ''Nysaa Cosmetics Trading'', a Single-member Limited Liability Company.