Lenskart Acquires Additional Stake in JV, Approves New Subsidiaries

Lenskart Solutions Limited's Board of Directors approved the acquisition of an additional equity stake in its joint venture, Baofeng Framekart Technology Limited, through its wholly-owned subsidiary Lenskart Solutions Pte. Ltd., Singapore. The board also approved the incorporation of a step-down subsidiary in the Republic of Korea, "OWNDAYS Korea", and a new step-down subsidiary in China, "Wenzhou Framekart Trade Co., Ltd". Additionally, the company approved the allotment of 5,85,561 equity shares under its ESOP plan. The board also took on record the unaudited financial results for the quarter ended June 30, 2026, and proforma financial information.