Lenskart Approves FY26 Results, Acquires OWNDAYS Stake, and Plans Merger
Lenskart Solutions Limited approved its audited financial results for the quarter and year ended March 31, 2026. The company also approved the acquisition of additional shareholding in OWNDAYS Inc., Japan, and an in-principle merger of its subsidiaries Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited with itself.
The approval of financial results, a significant acquisition in a foreign entity (OWNDAYS), and a proposed merger of subsidiaries are material events that will have a substantial impact on the company's structure and operations.
The company reported its financial results, approved key acquisitions and a merger, and re-appointed auditors, indicating forward-looking strategic moves and operational stability.
Lenskart Solutions Limited announced the outcome of its Board Meeting held on May 20, 2026. The Board approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, with the auditor's report issuing unmodified opinions.
The company also approved the unaudited proforma statements of profit and loss for the same periods, reflecting comparative numbers for acquisitions made in the last 12 months for better comparison.
In terms of material investments, Lenskart approved the acquisition of additional shareholding in OWNDAYS Inc., Japan, through its wholly owned subsidiary Lenskart Solutions Pte. Limited, Singapore. Additionally, an investment in Lenskart Solutions Pte. Limited itself was approved.
A significant corporate action is the in-principle approval for the proposed merger of its wholly owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, with Lenskart Solutions Limited. This merger aims to simplify and streamline the group structure and reduce administrative costs, subject to various regulatory and shareholder approvals.
Furthermore, the Board approved the re-appointment of PricewaterhouseCoopers Services LLP as Internal Auditors for FY2026-27 and M/s DPV & Associates LLP as Secretarial Auditors for five years from FY2026-27, subject to shareholder approval at the upcoming AGM. The company also approved the allotment of equity shares upon exercise of options under the Lenskart Employees Stock Option Plan, 2021.
The Board meeting commenced at 01:00 PM IST and concluded at 03:12 PM IST.
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