In a regulatory filing, Nykaa said that the Chief Executive Officer (CEO) of its private label division FSN Brands, Reena Chhabra, has resigned, with effect from August 16. Earlier, she worked with cosmetic brand Colorbar as their COO and joined Nykaa in 2016. According to the draft red herring prospectus, she was paid a total of ₹3.06 crore in FY21.