
ESOP12 Aug 2026, 04:24 pm
Lenskart Allots 5.85 Lakh Shares Under ESOP Plan
AI Summary
Lenskart Solutions Limited announced the allotment of 5,85,561 equity shares to eligible employees under its ESOP plan. This allotment follows the exercise of vested options. The company's Board of Directors also approved the acquisition of an additional stake in Baofeng Framekart Technology Limited, a joint venture, through its Singapore subsidiary. Additionally, Lenskart approved the incorporation of new step-down subsidiaries in the Republic of Korea and the People's Republic of China. The board also took on record the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report from statutory auditors.
Key Highlights
- Allotment of 5,85,561 equity shares under ESOP.
- Board approved acquisition in Baofeng Framekart Technology JV.
- New subsidiaries to be incorporated in South Korea and China.
- Unaudited financial results for Q1 FY27 reviewed.
- Proforma financial information for Q1 FY27 also noted.
Price Impact
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