Lenskart Solutions Limited's board of directors convened on February 11, 2026, to approve crucial employee stock option plans and overseas subsidiary restructuring measures. The meeting, held from 1:00 PM to 03:26 PM IST, addressed multiple strategic initiatives aimed at strengthening employee incentives and optimizing corporate structure.

Employee Stock Option Plan 2021 Ratification

The board ratified the Lenskart Employee Stock Option Plan 2021, establishing a comprehensive framework for employee equity participation. The plan encompasses significant scope and benefits for eligible participants across the organization.

The plan extends benefits to employees and directors of the company, including those in group companies, subsidiaries, and associates operating in India and internationally. Options granted under this plan will vest between two to four years from the grant date, with exercise permitted during employment tenure.

Employee Stock Option Plan 2025 Amendment

The board approved amendments to the Lenskart Employee Stock Option Plan 2025, introducing a trust-based implementation structure with enhanced flexibility for share acquisition.

This plan offers greater flexibility with vesting periods ranging from one to five years and provides both cash and cashless exercise mechanisms. The trust route implementation with secondary market acquisition as the primary mode represents a strategic approach to managing share dilution.

Overseas Subsidiary Restructuring

The board authorized conversion of pre-existing inter-company loans to equity in two wholly owned overseas subsidiaries, addressing their operational challenges and debt service difficulties.

Lenskart Singapore Pte. Ltd. Financial Profile:

NESO Brands Pte. Ltd. Financial Profile:

Both subsidiaries continue operating as loss-making entities unable to service principal and interest obligations on existing loans. The loan-to-equity conversion addresses these financial constraints without requiring fresh capital infusion, conducted on arm's length basis with no regulatory approvals needed.

Regulatory Compliance and Implementation

Both employee stock option plans comply with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021. The Nomination and Remuneration Committee will administer both plans, ensuring proper governance and regulatory adherence.

The exercise price for both plans follows identical methodology, calculated as the average closing price for 30 days prior to grant date on the stock exchange with highest trading volume, subject to maximum 25% discount as determined by the administrator.

These strategic initiatives demonstrate Lenskart Solutions Limited's commitment to employee retention through equity participation while optimizing its international subsidiary structure for improved operational efficiency.

Lenskart Solutions Limited announced its unaudited consolidated financial results for Q3FY26, demonstrating exceptional growth momentum across its eyewear retail operations. The Board of Directors approved these results in their meeting held on February 11, 2026, pursuant to Regulation 33 of SEBI LODR Regulations.

Outstanding Financial Performance

The company delivered remarkable financial results for the quarter ended December 31, 2025. Consolidated revenue from operations reached ₹23,077.31 million, marking a substantial 38.26% increase from ₹16,688.35 million in Q3FY25. This growth trajectory reflects the company's strong market position and operational excellence.

Segment-wise Revenue Performance

Both domestic and international segments contributed significantly to the company's growth story. The India segment generated revenue of ₹13,852.91 million, representing a 36.76% increase from ₹10,129.27 million in Q3FY25. The international segment performed even better with revenue of ₹9,359.28 million, up 39.89% from ₹6,689.87 million.

Profitability and Operational Efficiency

The company achieved exceptional profitability improvement with net profit after tax surging to ₹1,327.11 million from ₹18.52 million in Q3FY25. Total expenses grew by 27.93% to ₹21,626.41 million, which was significantly lower than the revenue growth rate, demonstrating improved operational efficiency and cost management.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Lenskart Solutions maintained strong momentum with revenue from operations reaching ₹62,983.31 million, up 27.90% from ₹49,249.48 million. Net profit for the nine-month period grew significantly to ₹2,973.35 million from ₹772.06 million.

Strategic Acquisitions and Investments

During the nine-month period, the company completed several strategic acquisitions to strengthen its market position. These included acquiring an 84.21% stake in Stellio Ventures S.L for ₹4,102.72 million, additional stake in QuantDuo Technologies Private Limited for ₹114 million, and investments in Dimension NXG Private Limited and iiNeer Co. Ltd.

Regulatory Compliance and Governance

The results were reviewed by the Audit Committee and approved by the Board of Directors on February 11, 2026. The financial statements have been prepared in accordance with Indian Accounting Standard 34 and comply with SEBI LODR Regulations. The company's statutory auditors, S.R. Batliboi & Associates LLP, have completed their limited review of the unaudited financial results.