Lenskart Solutions Ltd

Lenskart Solutions Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, confirms the utilization of IPO proceeds amounting to ₹2,150 crore. The company's Audit Committee reviewed and approved the report. There were no deviations from the stated objects of the issue. The report is now available on the company's website.

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.

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.

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.

Lenskart Solutions Ltd reported strong Q1 FY27 results with revenue growth of 33.6% year-on-year, reaching ₹228 Cr. EBITDA (pre-IndAS 116) surged by 95.0%, and Profit After Tax (PAT) grew 2.8 times. The company highlighted significant growth in eye tests conducted in India, with a 39.8% YoY increase. Consolidated product margins crossed 70% for the first time. International operations also showed robust growth of 38%, with EBITDA margins exceeding 10%. The company is focused on market creation, expanding its reach across all income segments in India and globally, and innovating with new technologies like self-eye tests and smart glasses.

Lenskart Solutions Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the acquisition of an additional equity stake in Baofeng Framekart Technology Limited, incorporation of new step-down subsidiaries in the Republic of Korea and People's Republic of China, and allotment of 5,85,561 equity shares under its ESOP plan. Proforma financial information for the quarter was also presented for like-for-like comparison post-acquisitions.

Lenskart Solutions Limited has announced the incorporation of its joint venture company, 'Lenskart Metalframes Private Limited', on July 30, 2026. This JV is a strategic partnership with China-based Mingfeng Glassesworld Limited (MGL), aimed at enhancing Lenskart's manufacturing capabilities, supply chain efficiency, and promoting local manufacturing of metal frames. Lenskart Solutions will hold an 80% stake, with MGL holding 20%. The JV will focus on manufacturing metal spectacle frames and allied optical products. This move is expected to reduce dependence on imports and strengthen domestic production.

Lenskart Solutions Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda item for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. In line with SEBI regulations, the company has also closed its trading window for designated persons and their relatives from July 1, 2026, which will reopen 48 hours after the financial results are declared.

Lenskart Solutions Limited has announced the Notice for its 18th Annual General Meeting (AGM) and the Annual Report for the financial year 2025-26. These documents are being circulated electronically to members. The AGM will be held on August 19, 2026, via Video Conferencing. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY2025-26, the reappointment of a director retiring by rotation, and the approval of secretarial auditors. Remote e-voting will be open from August 14 to August 18, 2026. The Annual Report is also available on the company's website.

Lenskart Solutions Limited has announced that its 18th Annual General Meeting (AGM) will be held on Wednesday, August 19, 2026, at 11:00 A.M. (IST). The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, in compliance with current circulars from the Ministry of Corporate Affairs and SEBI. The company will issue a notice convening the AGM and the Annual Report for the financial year 2025-26 to its members in due course. Both documents will also be available on the company's website and the websites of the National Stock Exchange and BSE Limited.