Subsidiary12 Aug 2026, 04:21 pm
Lenskart Approves New Subsidiary in China and Korea
AI Summary
Lenskart Solutions Limited announced board approval for the incorporation of a new step-down subsidiary, Wenzhou Framekart Trade Co., Ltd, in the People's Republic of China. Additionally, the company approved the incorporation of 'OWNDAYS Korea' as a wholly-owned subsidiary of its step-down subsidiary, OWNDAYS Singapore. The board also approved the acquisition of an additional equity stake in Baofeng Framekart Technology Limited. These decisions were made during a board meeting held on August 12, 2026, which also reviewed the unaudited financial results for the quarter ended June 30, 2026, and approved the allotment of equity shares under the ESOP plan.
Key Highlights
- Lenskart to establish a new subsidiary in China.
- Approval granted for a new subsidiary in South Korea.
- Board reviewed Q1 FY27 financial results.
- Additional stake acquired in Baofeng Framekart Technology.
- ESOPs approved for eligible employees.
Price Impact
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