Lenskart Solutions Approves Financial Results, Major Investments, and Merger Plans
Lenskart Solutions Limited, which was previously known as Lenskart Solutions Private Limited, announced material corporate developments following its Board of Directors meeting held on May 20, 2026. The Board approved the audited financial results for the quarter and the full financial year ended March 31, 2026, alongside major investments and the in-principle approval for a key group merger.Financial Results Approval
The Board formally approved the Audited Financial Results (Standalone and Consolidated) for the quarter and the full financial year ended March 31, 2026. The company also approved the unaudited Proforma Financial Statements of Profit and Loss for the same period, which reflect comparative figures based on acquisitions made over the last 12 months to facilitate a direct comparison.The financial performance highlights, in millions of Rupees, are summarized below:
| Metric | Quarter Ended March 31, 2026 | Year Ended March 31, 2026 |
|---|---|---|
| Total Income (Standalone) | 15,103.8 Million | 55,498.16 Million |
| Total Income (Consolidated) | 25,617.39 Million | 70,092.76 Million |
| Total Expenses (Consolidated) | 23,083.33 Million | 66,194.78 Million |
| Profit Before Tax (Consolidated) | 2,541.94 Million | 7,198.11 Million |
| Profit After Tax (Consolidated) | 2,036.15 Million | 5,300.02 Million |
| Basic Earnings Per Share (Consolidated) | 1.17 Million | 3.811.86 Million |
Strategic Investments and Proposed Merger
The Board of Directors also accorded approval for several strategic initiatives:1. OWNDAYS Inc. Acquisition: Approval was granted for the acquisition of additional shareholding in OWNDAYS Inc. in Japan by Lenskart Solutions Pte. Limited, a wholly owned subsidiary of the company. This acquisition is pursuant to a proposed sale of shares by Mr. Shuji Tanaka, an existing OWNDAYS shareholder.
2. Subsidiary Investment: The Board approved an investment in Lenskart Solutions Pte. Limited, another wholly owned subsidiary.
3. Proposed Merger: In-principle approval was granted for the proposed merger involving the wholly owned subsidiaries Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, with Lenskart Solutions Limited. The proposed merger is aimed at simplifying and streamlining the group structure and reducing administrative costs. The merger is slated to be implemented through a scheme of amalgamation under the Companies Act, 2013.
Governance and Employee Benefits
In matters of corporate governance, the Board took several steps:- Auditor Reappointment: The Audit Committee recommended and the Board approved the reappointment of PricewaterhouseCoopers Services LLP, Chartered Accountants, as the Internal Auditors of the Company for the financial year 2026-27. Separately, M/s DPV & Associates LLP, Company Secretaries, were approved as the Secretarial Auditors for a term of five consecutive years, commencing from FY 2026-27.
- ESOP Allotment: The company also approved the allotment of equity shares upon the exercise of vested options granted under the Lenskart Employees Stock Option Plan, 2021.
The meeting commenced at 01:00 PM (IST) and concluded at 03:12 PM (IST).
LENSKART Stock Price Movement
Lenskart Solutions Limited shares today slipped by 1.25% to settle at ₹486.55. The stock traded on a volume of 7.51 million shares, completing a day marked by selling pressure.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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