Lenskart Board Approves Audited FY26 Results, Strategic Acquisitions & Merger
Lenskart Solutions Limited's Board approved audited financial results for Q4FY26 and FY26. The company approved acquiring additional shares in OWNDAYS Inc. and a merger of its subsidiaries, Dealskart and Lenskart Eyetech, with Lenskart Solutions. PricewaterhouseCoopers LLP reappointed as Internal Auditors and DPV & Associates LLP as Secretarial Auditors.
The approval of audited financial results, material investments in subsidiaries, and a proposed merger significantly impact the company's structure, strategy, and financial outlook.
The company reported audited financial results and approved strategic initiatives like acquisitions and a merger, indicating growth and operational streamlining.
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, along with the Auditor's Report, which contained unmodified opinions.
The company also approved unaudited Proforma Financial Statements of Profit and Loss for the same periods, prepared to enable like-for-like comparison after recent acquisitions. Key strategic decisions included the approval of acquiring additional shareholding in Japan-based OWNDAYS Inc. and an investment in its wholly-owned subsidiary, Lenskart Solutions Pte. Limited.
Furthermore, the Board gave in-principle approval for a 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 the group structure and reduce administrative costs, subject to necessary regulatory and shareholder approvals.
In terms of governance, PricewaterhouseCoopers Services LLP was re-appointed as Internal Auditors for FY27, and M/s DPV & Associates LLP was re-appointed as Secretarial Auditors for five years, subject to shareholder approval at the upcoming AGM. The company also noted the allotment of equity shares upon the exercise of vested options under its Employee Stock Option Plan, 2021.
The Board meeting commenced at 01:00 PM IST and concluded at 03:12 PM IST.
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Lenskart Solutions Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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