Lenskart Solutions Limited has announced the incorporation of a new step-down subsidiary in the United Kingdom, marking a significant expansion of its international retail operations. The Board of Directors of Stellio Ventures, S.L., a subsidiary of Lenskart Solutions Limited, approved the incorporation of Stellio Ventures UK LTD on December 26, 2025.

Corporate Structure and Ownership

The new subsidiary will operate under a clear corporate hierarchy, with specific ownership arrangements that maintain Lenskart's strategic control.

Business Objectives and Market Focus

The newly incorporated entity has been established with a specific strategic purpose in the UK eyewear market. Stellio Ventures UK LTD will focus on establishing and operating retail stores throughout the United Kingdom for the sale of eyewear products and related accessories under the 'Meller' brand. The company will operate within the retail eyewear industry, leveraging Lenskart's expertise in eyewear retail and brand management.

Financial Investment Details

The incorporation involves a structured financial commitment from the parent company, with provisions for future expansion.

Regulatory Compliance

Lenskart Solutions Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received intimation from Stellio Ventures regarding the subsidiary incorporation on December 26, 2025, and promptly communicated this development to the National Stock Exchange of India Limited and BSE Limited. The disclosure includes comprehensive details as required by SEBI Circular no. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024.

This strategic expansion into the UK market represents Lenskart's continued international growth strategy, utilizing its established subsidiary structure to enter new geographical markets with targeted brand positioning.

Lenskart Solutions shares climbed nearly 4% on Friday, closing at ₹471.35 on the BSE after the eye-care retailer disclosed fresh updates regarding its strategic acquisition in the Republic of Korea. The rally drew strong buying interest in an otherwise subdued market, keeping the stock in focus on the final trading day of the week.

Market Performance and Trading Activity

The stock demonstrated robust performance with significant trading volumes across both major exchanges. A combined 1.35 million equity shares were traded, valued at approximately ₹63.55 crores. Market capitalisation reached ₹80,324.49 crores as of December 26, reflecting strong investor confidence in the company's strategic expansion.

Korean Investment Details

The rally followed an exchange filing confirming that Lenskart Solutions Pte. Ltd., Singapore, a wholly-owned subsidiary, had approved a strategic investment in Korean optical technology. The board approved this investment to acquire a 29.24% stake in iiNeer Corp., Ltd., a company incorporated under Korean laws.

About iiNeer Corp.

iiNeer Corp., Ltd. is a Korea-based startup specializing in developing technology-enabled eye-testing and lens-cutting equipment. The company focuses on optical machinery manufacturing, including designing and selling optical lens-edging machines and related optical devices. This investment supports Lenskart's efforts to build proprietary capabilities in core equipment manufacturing.

Thailand Expansion Update

The Korean acquisition follows another significant overseas transaction disclosed earlier this week. On December 22, Lenskart Singapore's board approved the acquisition of 250,000 ordinary shares, representing 50% of Marco Optical (Thailand) Co., Ltd., also known as Sunrise Thailand, from Matt Optical Co., Ltd.

Strategic Benefits and Outlook

The Korean investment aligns with Lenskart Solutions' strategy to enhance operational efficiencies and reduce equipment capital expenditure over time. The acquisition focuses on building in-house optical hardware capabilities, particularly in manufacturing lens-edging systems and developing advanced eye-testing equipment. This strategic expansion into proprietary equipment manufacturing is expected to strengthen the company's competitive position in the optical retail market.