Lenskart Solutions Limited has successfully completed its postal ballot process, with shareholders approving four special resolutions on March 20, 2026. The resolutions primarily focused on amendments to employee stock option plans and extending benefits to group company employees.

## Postal Ballot Process Overview

The remote e-voting process commenced on February 19, 2026, at 9:00 A.M. and concluded on March 20, 2026, at 5:00 P.M. The company had 1,18,652 total shareholders as on the record date of February 13, 2026. DPV & Associates LLP served as the scrutinizer for the postal ballot process, ensuring fair and transparent voting.

## Approved Resolutions

All four special resolutions were approved with requisite majority. The resolutions covered amendments to existing employee stock option plans and extensions of grant eligibility to group company employees.

## Voting Results Analysis

The postal ballot witnessed significant participation from shareholders across all categories. Total votes polled reached 1,41,71,56,399 shares, representing 81.69% of the company's outstanding shares of 1,73,48,70,187.

Resolution 1 & 3 Results (ESOP Plan Amendments)

Resolution 2 & 4 Results (Grant Extensions)

## Share Capital Structure

As on the cut-off date of February 13, 2026, the company's fully paid-up share capital stood at ₹346,97,40,374, divided into 1,73,48,70,187 equity shares of ₹2 each. The voting process covered resolutions aimed at strengthening the company's employee benefit programs in compliance with SEBI regulations.

## Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021. The company published advertisements in Financial Express and Jansatta newspapers on February 18, 2026, informing eligible members about the postal ballot notice. All resolutions were deemed passed on March 20, 2026, being the last date for remote e-voting, with detailed voting results and scrutinizer reports made available on the company's investor relations website.

Lenskart Solutions Limited has issued a postal ballot notice seeking shareholder approval for amendments to its employee stock option plans through remote e-voting. The company's board had previously approved these amendments and overseas subsidiary restructuring measures during a meeting held on February 11, 2026.

Postal Ballot Notice and E-Voting Timeline

The company issued the postal ballot notice on February 17, 2026, to all shareholders whose email addresses are registered with the company or depositories as of the cut-off date of February 13, 2026. The notice seeks approval for four special resolutions related to employee stock option plans.

Special Resolutions for Shareholder Approval

The postal ballot includes four special resolutions covering amendments to both employee stock option plans established by the company.

Employee Stock Option Plan 2021 Details

The board had previously ratified the Lenskart Employee Stock Option Plan 2021, which requires shareholder approval for post-listing compliance with SEBI regulations.

Key amendments include deletion of pre-listing clauses, rationalization of exercise periods, and extension of exercise periods for death and permanent incapacity cases from three months to one year.

Employee Stock Option Plan 2025 Amendments

The company also seeks approval for amendments to its newer employee stock option plan established in 2025.

This plan operates through the Lenskart ESOP Trust and primarily involves secondary market acquisitions rather than fresh share allotments.

Overseas Subsidiary Restructuring

The board had previously authorized conversion of inter-company loans to equity in two wholly owned overseas subsidiaries to address their operational challenges.

Lenskart Singapore Pte. Ltd. Financial Profile:

NESO Brands Pte. Ltd. Financial Profile:

Regulatory Compliance and Voting Process

The amendments ensure compliance with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021, applicable to listed companies. The company completed its initial public offering and listing on NSE and BSE on November 10, 2025.

Shareholders can participate in remote e-voting through multiple platforms including NSDL, CDSL, and the company's registrar MUFG Intime India Private Limited. The voting results along with the scrutinizer's report will be announced and made available on the company's website and stock exchange platforms.

These strategic initiatives demonstrate the company's commitment to employee retention through equity participation while ensuring regulatory compliance in its post-listing operations.

Source: Company Filing