Lenskart Board Approves FY26 Audited Results, Strategic Acquisitions, and Merger Plan
Lenskart's Board approved audited financial results for FY26. Key approvals include additional shareholding in OWNDAYS Inc. and a proposed merger of subsidiaries Dealskart Online Services and Lenskart Eyetech with Lenskart Solutions. The company also re-appointed its internal and secretarial auditors.
The approval of audited financial results, coupled with significant corporate actions such as strategic acquisitions and a group restructuring via merger, are material events that can significantly impact the company's operations, structure, and market position.
The announcement details the approval of audited financial results, strategic acquisitions, and a proposed merger, indicating positive business progression and operational efficiency efforts.
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 carries an unmodified opinion.
Additionally, the company approved unaudited Proforma Statements of Profit and Loss for the same periods, reflecting comparative numbers for acquisitions made in the last 12 months for like-for-like comparison. The Board also sanctioned material investments, including the acquisition of additional shareholding in OWNDAYS Inc., Japan, by its wholly-owned subsidiary Lenskart Solutions Pte. Limited, Singapore. An investment in Lenskart Solutions Pte. Limited was also approved.
A significant strategic move involves 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 necessary regulatory and shareholder approvals.
Furthermore, the Board approved the re-appointment of PricewaterhouseCoopers Services LLP as Internal Auditors for FY 2026-27 and M/s DPV & Associates LLP as Secretarial Auditors for a five-year term commencing FY 2026-27, pending shareholder approval at the upcoming Annual General Meeting. The company also reported the allotment of equity shares upon the exercise of vested options under the Lenskart Employees Stock Option Plan, 2021.
The Board meeting commenced at 1:00 PM IST and concluded at 3:12 PM IST.
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