Lenskart Solutions Limited has informed the Exchange about the incorporation of new step-down subsidiary of the Company
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Lenskart Solutions has incorporated a new step-down subsidiary called Stellio Ventures UK LTD in England and Wales, effective January 5, 2026. This new entity is a wholly owned subsidiary of Stellio Ventures, S.L. (an existing Lenskart subsidiary), and Lenskart will indirectly hold 84.21% in it. The purpose is to sell eyewear products and accessories under the 'Meller' brand in the United Kingdom. The paid-up capital is GBP 100 (100 ordinary shares), and the entity is yet to commence business operations. The investment is being made in cash.
This is a routine international expansion move, giving Lenskart a dedicated vehicle to enter the UK market with the Meller brand. The financial impact is negligible at this stage given the small capital base, but it signals the company's intent to grow its global footprint in eyewear retail.