Lenskart Solutions Limited has informed the Exchange about Merger
LENSKART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lenskart Solutions Limited reported strong audited financial results for FY2026 with revenue from operations of Rs 52,418.35 million, up 29.8% from Rs 40,392.23 million in FY2025. Profit after tax more than doubled to Rs 4,758.84 million from Rs 1,880.72 million, with basic EPS at Rs 2.80 versus Rs 1.12 previously. The Board approved acquisition of additional stake in OWNDAYS Inc. Japan by the Singapore subsidiary. More significantly, the Board gave in-principle approval for merger of two wholly-owned subsidiaries (Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited) with Lenskart Solutions Limited, aimed at simplifying group structure and reducing administrative costs. The merger is subject to NCLT and shareholder approvals. The company also reappointed its auditors and completed ESOP allotments.
Strong financial performance demonstrates solid execution post-IPO. The proposed merger of subsidiaries is an internal restructuring that should streamline operations and reduce costs, with minimal direct impact on shareholders as it involves merging wholly-owned entities.