Lenskart Solutions Limited has announced a strategic acquisition in the Thai eyewear market through its Singapore subsidiary. The Board of Directors of Lenskart Solutions Pte. Ltd., Singapore approved the acquisition of a 50% stake in Marco Optical (Thailand) Co., Ltd., also known as Sunrise Thailand.

Acquisition Structure and Investment Details

The acquisition involves purchasing 250,000 ordinary shares representing 50% of Marco Optical (Thailand)'s total issued share capital from Matt Optical Co., Ltd., an existing investor. The transaction creates a joint venture structure with equal shareholding between the parties.

Target Company Profile

Marco Optical (Thailand) Co., Ltd. operates in the eyewear manufacturing and trading industry. The company was incorporated on August 3, 2023, and has shown significant revenue growth in its brief operational history.

Financial Performance

Capital Structure

Business Operations and Objectives

The Thai entity operates across multiple business verticals within the eyewear and optical products sector. Its primary business activities include:

• Manufacturing and trading in optical products including lenses, frames, and optical equipment
• Trading, importing, exporting, and auctioning goods domestically and internationally
• Dealing in electronic components, metal, plastic, and rubber products
• Managing packaging materials and related items
• Acting as agent, broker, or representative for various businesses
• Holding shares or interests in limited and public companies

Investment Structure

The total investment commitment of THB 168.75 million comprises two components. The share purchase amount covers the acquisition of 250,000 ordinary shares, while the remaining amount will be infused as loans that may be converted into equity in the future. This structure provides flexibility for future capital requirements and business expansion.

Strategic Implications

The acquisition establishes Lenskart's presence in the Thai eyewear market through a joint venture model. The partnership with Matt Optical Co., Ltd. provides local market expertise while Lenskart contributes its operational capabilities and brand presence. The transaction does not fall within related party transactions, and no governmental or regulatory approvals are required for completion.

Lenskart Solutions Limited has responded to BSE's inquiry regarding volume movement in its shares, confirming that no undisclosed material information exists that could explain the recent trading activity. The clarification was submitted on December 22, 2025, in response to BSE's communication under surveillance reference number L/SURV/ONL/PV/APJ/2025-2026/783.

Regulatory Compliance Confirmation

The company has affirmed its adherence to regulatory requirements under SEBI guidelines. In its official response, Lenskart Solutions confirmed that it has been complying with the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Official Statement

Lenskart Solutions has categorically stated that as of the date of communication, there was no information or announcement which, in the company's opinion, requires disclosure under the SEBI Listing Regulations. The company emphasized that no undisclosed information exists that may have a bearing on the price or volume movement of its equity shares.

Corporate Details

The clarification was signed by Ashish Kumar Srivastava, Company Secretary and Compliance Officer (Membership No.: F5325), on behalf of Lenskart Solutions Limited. The company operates from its corporate office at Ground Floor, Vipul Tech Square, Golf Course Road, Sector-43, Gurugram, Haryana.

This clarification serves as the company's formal response to BSE's volume movement inquiry and reaffirms its commitment to transparent disclosure practices under applicable regulations.