Lenskart Solutions Approves Amalgamation of Subsidiaries and Announces Joint Venture in Metal Frame Manufacturing
Lenskart Solutions Limited announced significant strategic developments following a Board meeting held on July 2, 2026. The company approved a comprehensive scheme for amalgamating two wholly-owned subsidiaries and simultaneously greenlit the incorporation of an international joint venture aimed at expanding its manufacturing capabilities in India.The Scheme involves the amalgamation of Dealskart Online Services Private Limited (Transferor Company No. 1) and Lenskart Eyetech Private Limited (Transferor Company No. 2) into Lenskart Solutions Limited (the Transferee Company). The move is intended to simplify and rationalize the group's corporate structure by eliminating multiple entities and consolidating business operations under a single entity, thereby achieving greater operational efficiency and strategic growth.
The Transferor Companies are both wholly-owned subsidiaries of Lenskart Solutions Limited. Dealskart Online Services Private Limited was engaged in providing operations and maintenance (O&M) services to the Transferee Company’s omni-channel stores across India. Lenskart Eyetech Private Limited focused on training services for retail staff within the group.
Financial details relating to the amalgamation include:
| Entity | Turnover (as of March 31, 2026) |
|---|---|
| Dealskart Online Services Private Limited (Transferor Co. No. 1) | INR 6,247.71 Million |
| Lenskart Eyetech Private Limited (Transferor Co. No. 2) | INR 312.39 Million |
| Lenskart Solutions Limited (Transferee Company) | INR 52,478.35 Million |
The amalgamation process allows all the assets, rights, and liabilities of the Transferor Companies to be transferred as a going concern into Lenskart Solutions Limited. The company's board approved that no shares would be issued by Lenskart Solutions Limited in consideration of this internal merger, given that both subsidiaries are wholly-owned entities.
Global Joint Venture for Frame Manufacturing
In addition to the amalgamations, Lenskart Solutions Limited also approved the incorporation of a joint venture (JV) company with Mingfeng Glassesworld Limited (MGL), based in China. The proposed JV will be established to manufacture metal spectacle frames and allied optical products in India. This partnership aims to strengthen the company's manufacturing capabilities, enhance supply chain efficiencies, promote localization of production, and reduce dependence on imported metal frames.The joint venture is set to operate with Lenskart Solutions Limited holding an 80% stake and MGL holding 20%. The initial capital structure includes a subscription agreement where Lenskart Solutions Limited commits INR 80,000 for 8,000 Equity Shares of the proposed JV company. MGL will commit INR 20,000 for 2,000 Equity Shares.
The venture is expected to boost backward integration and domestic manufacturing capacity, serving as a key element of Lenskart Solutions Limited’s long-term growth strategy.
LENSKART Stock Price Movement
Lenskart Solutions Limited settled lower today, slipping by 0.08% to close at ₹530.40 after trading in post-market activity. The equity moved throughout the day within a range defined by a high of ₹532.30 and a low of ₹521.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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