Lenskart Solutions has approved the amalgamation of its wholly-owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, with itself, effective April 1, 2026. The Board also approved the incorporation of a joint venture company with Mingfeng Glassesworld Limited, China, to manufacture metal spectacle frames in India. These strategic moves aim to streamline the corporate structure and strengthen domestic manufacturing capabilities.

Amalgamation of Subsidiaries

The Board approved the Scheme of Amalgamation for Dealskart Online Services Private Limited (Transferor Company No. 1) and Lenskart Eyetech Private Limited (Transferor Company No. 2) with Lenskart Solutions Limited (Transferee Company). The scheme is subject to statutory and regulatory approvals, including sanctions from the National Company Law Tribunal (NCLT). As the transferor companies are wholly-owned subsidiaries, no shares will be issued as consideration, and the amalgamation will not alter the shareholding pattern of the listed entity.

The following table outlines the key details of the entities involved in the amalgamation:

The amalgamation is expected to simplify the corporate structure, eliminate multiple entities, and generate cost efficiencies through the reduction of overheads and administrative expenditures. The accounting treatment will follow the Pooling of Interest Method as per Ind AS 103.

Joint Venture With Mingfeng Glassesworld

The Board approved the incorporation of a joint venture company, to be named Lenskart Metalframes Private Limited, with Mingfeng Glassesworld Limited (MGL). Lenskart Solutions will hold 80% of the paid-up equity share capital, while MGL will hold the remaining 20%. The initial paid-up capital will be INR 1,00,000, divided into 10,000 equity shares of INR 10 each.

The shareholding structure of the proposed joint venture is detailed below:

The joint venture will focus on the manufacturing, technology collaboration, and product development of metal spectacle frames. This partnership is intended to strengthen backward integration, enhance supply chain resilience, and reduce dependence on imports. The requisite approval from the Government of India under Press Note 3 has already been obtained.

Lenskart Solutions Limited has granted 2,38,500 Employee Stock Options to eligible employees under its Lenskart Employee Stock Option Plan, 2021. The options carry an exercise price of INR 381 per share, determined based on the average closing price for the 30 days prior to the grant date. Each option is convertible into one equity share of the company with a face value of INR 2.

The Nomination and Remuneration Committee approved the grant at its meeting held on July 1, 2026. The scheme is compliant with the SEBI (SBEB) Regulations, 2021. The options were granted to employees of the company and its group, subsidiary, or associate companies located in India or outside India.

The exercise price is calculated as the average closing price for the 30 days prior to the grant on the stock exchange with the highest trading volume during that period, subject to a maximum discount of 25% on such price. The options can be exercised, either wholly or partly, during the exercise window while the employee is in employment with the company.

The total number of shares that will arise, assuming all granted options are vested and exercised, is 2,38,500 equity shares. The company stated that the options are not yet vested, and details regarding the exercise period are contingent upon the vesting schedule defined in the Plan.

Details of the Grant