Lenskart Board Approves FY26 Results, Strategic Acquisitions, and Merger Plan
Lenskart's Board approved FY26 audited financial results. The company is proceeding with strategic investments, including acquiring more shares in OWNDAYS Inc. A significant move is the in-principle approval for merging two subsidiaries, Dealskart Online Services and Lenskart Eyetech, into Lenskart Solutions Limited. The Board also re-appointed auditors for FY2026-27.
The approval of financial results is routine. However, the strategic acquisitions and the proposed merger of subsidiaries are significant corporate actions that could impact the company's structure and future operations.
The announcement details the approval of financial results, strategic investments, and a merger plan, all of which are positive steps for the company's growth and operational efficiency.
Lenskart Solutions Limited announced the outcome of its Board of Directors meeting held on May 20, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, both on a standalone and consolidated basis, along with the auditor's report which contained unmodified opinions.
Further, the company approved unaudited proforma financial statements for the same periods to provide a like-for-like comparison, reflecting acquisitions made in the past year. The Board also greenlit material investments, including the acquisition of additional shareholding in Japan-based OWNDAYS Inc. by its subsidiary, Lenskart Solutions Pte. Limited, Singapore. Additionally, an investment was approved in the subsidiary, Lenskart Solutions Pte. Limited.
A significant development was the in-principle approval for the proposed merger of two wholly-owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, with the parent company, Lenskart Solutions Limited. This merger aims to simplify the group structure and reduce administrative costs, subject to necessary regulatory and shareholder approvals.
The Board also approved the re-appointment of PricewaterhouseCoopers Services LLP as Internal Auditors for FY2026-27 and M/s DPV & Associates LLP as Secretarial Auditors for a five-year term commencing FY2026-27, subject to shareholder approval at the upcoming AGM. Lastly, the allotment of equity shares upon the exercise of vested options under the Lenskart Employees Stock Option Plan, 2021, was approved.
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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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lenskart Solutions Limited. Read the original for the full detail.