Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for…
As filed · FSN E Commerce Ventures Limited has informed the Exchange about Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for approval of Scheme of Arrangement
What happened
FactFSN E Commerce Ventures Limited has informed the Exchange about Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for approval of Scheme of Arrangement (Scheme), involving demerger of e-B2B business from FSN Distribution Limited to Nykaa E- Retail Limited. Mumbai Bench (“NCLT”) vide its Order dated May 9, 2025 (“Order”), has approved the. NCLT as well as on the Company’s website at https://www.nykaa.com/investor-relations/lp.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
WithdrawnNykaa’s Beauty vertical is expected to deliver another healthy quarter with NSV and Net Revenue growth in late twenties.
we continue to acquire customers at a very healthy clip.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- As a result, Nykaa has delivered yet another quarter of healthy performance with Consolidated Net Revenue grow (management committed by Q2 FY26)
- The vertical’s Net Revenue growth is expected to improve to low twenties from low to mid-teens in the last few (management committed by Q2 FY26)
Evidence
- FSN E Commerce Ventures Limited has informed the Exchange about Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for approval of Scheme of Arrangement (Scheme), involving demerger of e-B2B business from FSN Distribution Limited to Nykaa E- Retail Limited.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%