Lenskart Solutions Limited has informed the Exchange about Merger
LENSKART · price
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On the reaction day the stock moved 2.8 pts more than Nifty Midcap 150 and 1.5 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lenskart Solutions Limited held its Board meeting on May 20, 2026, approving multiple items. The company reported strong FY26 standalone results with revenue from operations of Rs 54,918.35 million (up 36% from Rs 40,392.23 million) and profit after tax of Rs 4,758.84 million (vs Rs 1,880.72 million YoY). The Board also gave in-principle approval for merging two wholly-owned subsidiaries - Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited - into Lenskart Solutions Limited. This merger aims to simplify and streamline the group structure and reduce administrative costs. Additional investments include acquiring extra stake in OWNDAYS Inc., Japan through its Singapore WOS, along with auditor re-appointments and ESOP allotments.
The strong financial performance with PAT more than doubling demonstrates operational strength post-IPO. The proposed merger of subsidiaries into the parent is an internal restructuring that should benefit shareholders by reducing complexity and costs, though it requires NCLT and shareholder approvals before completion.