“This is to inform you Mr Arvind Agarwal, Chief Financial Officer of FSN E-Commerce Ventures Limited (“the Company”) will be leaving the Company, effective close of business hours on November 25, 2022, to pursue other opportunities in the digital economy & start-up space,” Nykaa said in a BSE filing.
“It has been great to be a part of the incredible Nykaa journey thus far. All my learning & experiences to date, have set me up for pursuing different personal growth opportunities in the digital economy & start-up space. I wish Nykaa the very best for the growth path ahead and will always be a part of the Nykaa Family,” Agarwal said.
Nykaa founder and billionaire Falguni Nayar appreciated Agarwal for the critical role he has played in Nykaa’s emergence as a listed and profitable start-up. “While we do regret losing him, we are conscious of his personal dreams, and wish him all the luck,” she said.
The company said it is now in the process of appointing a new CFO.
Amid likely block deals, shares of the new-age stock ended 4.55% lower at Rs 175.20.