Lenskart Board Approves Amalgamation of Subsidiaries and Joint Venture with Mingfeng Glassesworld
Lenskart Solutions Limited's Board approved the amalgamation of its subsidiaries, Dealskart Online Services and Lenskart Eyetech, into the parent company. Additionally, Lenskart will form a joint venture with China's Mingfeng Glassesworld Limited to manufacture metal spectacle frames in India.
The amalgamation of subsidiaries and the formation of a joint venture represent significant strategic initiatives that will reshape the company's operational structure and market presence.
The amalgamation is expected to simplify corporate structure and enhance operational efficiencies, while the joint venture aims to strengthen manufacturing capabilities and reduce import dependence, all indicating positive strategic moves for the company.
Lenskart Solutions Limited announced today, July 2, 2026, the approval of a Scheme of Amalgamation for its wholly-owned subsidiaries, Dealskart Online Services Private Limited (Transferor Company No. 1) and Lenskart Eyetech Private Limited (Transferor Company No. 2), with and into Lenskart Solutions Limited (Transferee Company). This amalgamation, along with their respective shareholders and creditors, is being undertaken under Sections 230 to 232 of the Companies Act, 2013, subject to requisite statutory and regulatory approvals.
The company also approved the incorporation of a Joint Venture company in India with Mingfeng Glassesworld Limited, China. This strategic partnership aims to strengthen Lenskart's manufacturing capabilities for metal spectacle frames, enhance supply chain efficiencies, promote localization, and reduce import dependence.
The Scheme of Amalgamation is expected to simplify and rationalize the group's corporate structure, streamline legal and regulatory compliances, reduce overheads, and achieve greater integration and financial strength. The Board Meeting commenced at 02:30 PM (IST) and concluded at 03:44 PM (IST) on July 2, 2026.
Details regarding the Scheme of Amalgamation and the Board Resolution approving it have been submitted to the Stock Exchanges for disclosure purposes. Further disclosures pursuant to SEBI Master Circulars are also enclosed.
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Lenskart Solutions Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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