Lenskart Solutions Limited has informed the Exchange regarding Outcome of Board Meeting held on May 20, 2026.
LENSKART · price
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Lenskart Solutions Limited held its Board Meeting on May 20, 2026, approving several key items. The company reported strong audited standalone financial results for FY26 with revenue from operations of Rs 52,418.35 million (up from Rs 40,392.63 million in FY25) and profit after tax of Rs 4,758.84 million, more than doubling from Rs 1,880.72 million in FY25. Basic EPS improved significantly to Rs 2.80 from Rs 1.12. The board also approved acquisition of additional shareholding in OWNDAYS Inc., Japan by its Singapore subsidiary, and investment in its WOS Lenskart Solutions Pte. Limited. An in-principle approval was given for the merger of two wholly-owned subsidiaries (Dealskart Online Services and Lenskart Eyetech) with the company to streamline group structure. PwC was reappointed as internal auditor and DPV & Associates as secretarial auditor. Additionally, equity shares were allotted upon exercise of vested ESOP options under the 2021 plan. The company completed its IPO in November 2025 raising Rs 7,280.15 million.
Strong financial performance with near doubling of PAT signals operational efficiency. The proposed merger will simplify the corporate structure and reduce compliance costs. Continued acquisition activity demonstrates active consolidation strategy. ESOP allotments align employee interests with shareholder value.