Company Response to NSE Query on News Item
Nykaa provided a formal clarification to the National Stock Exchange of India Limited regarding a news item about its partnership with OpenAI, confirming the business collaboration while stating it contains no material price-sensitive information.
Date and Nature of Exchange Query
- Date of Communication: June 17, 2026
- Reference Number: NSE/CM/Surveillance/17110 dated June 17, 2026
- Nature of Query: Clarification/confirmation on news item appearing on www.moneycontrol.com dated June 17, 2026, captioned "Nykaa shares rise over 3% after beauty retailer partners with OpenAI for AI-enabled shopping"
Company's Clarification on Trading Volume and Partnership
- The company confirmed it is in discussions with OpenAI for an AI-enabled shopping experience as part of its ordinary course of business collaborations.
- Nykaa stated there is no material information or price-sensitive information that has not been announced that could affect price/volume behavior.
- The company attributed the stock movement to "purely market-driven" factors and a "combination of various market factors."
- Nykaa does not foresee any material impact from this news article on the company.
Regulatory Compliance Reference
The response was issued in compliance with regulatory requirements following the NSE's surveillance query, though no specific SEBI regulation numbers were cited in the document.
Financial Results Clarification
This document does not contain any discussion or clarification regarding financial results.