Nykaa on Monday blazoned that its board at its match held moment has approved the allocation of perk equity shares of the company in the rate of 15 i.e., the company will issue perk of 5 shares for every 1 share held as on the record date. Nykaa shares were trading over 7 advanced on the BSE at ₹,366 all.

We hereby inform that the Board at its Meeting held on October 03, 2022, inter alia, has approved perk issue of equity shares in the proportion 5( Five) completely paid- up equity share of Re 1/- each for every 1( One) completely paid- up equity shares of Re 1/- each held by the shareholders of the company as on the record date, subject to shareholders ’ blessing by way of postal ballot,” Nykaa informed in an exchange form.

The company said that the allocation of perk shares will be out of Securities Premium Account available as on March 31, 2022. perk shares are completely paid fresh shares issued by a company to its being shareholders. The factual number of perk equity shares to be issued and post perk issue share capital will be determined grounded on the paid- up share capital as on the record date, the company added.

farther, the company has fixed Thursday, November 03, 2022, as the record date for the purpose of determining members eligible for perk equity shares. The estimated date by which similar perk shares would be credited dispatched would be within two months from the date of board blessing i.e., on or before December 02, 2022.

The board has also approved there-classification of the authorized share capital from ₹ 325 crore comprising of 275 crore equity shares and 50 crore preference shares to ₹ 325 crore comprising of 325 crore equity shares, subject to shareholders ’ blessing by way of postal ballot.

innovated in 2012 by former investment banker Falguni Nayar, the company has a different portfolio of beauty, labor force care and fashion products, including its possessed manufactured brand products under its two business verticals, Nykaa and Nykaa Fashion.

The company’s shares got listed on stock exchanges BSE and NSE in November last time. Nykaa shares are down more than 35 in 2022( YTD) so far, whereas is has declined about 43 since listing.