Lenskart Solutions Limited (LENSKART) — Board Meeting(4 announcements)

Lenskart Solutions Limited announced a scheme to amalgamate its wholly-owned subsidiaries Dealskart Online Services and Lenskart Eyetech into itself, alongside incorporating a joint venture with Mingfeng Glassesworld Limited (China) to manufacture metal spectacle frames in India. The amalgamation streamlines the corporate structure, reduces compliance costs, and enhances manufacturing capabilities while reducing import dependence. The joint venture, Lenskart Metalframes Private Limited, will have an 80:20 equity split with an initial INR 80,000 investment by Lenskart and INR 20,000 by MGL. Both arrangements require NCLT approval and regulatory clearances under SEBI LODR. The board has authorized directors to finalize and implement the scheme, which is effective immediately upon NCLT sanction.

Lenskart Solutions Limited announced on July 2, 2026, that its board approved the amalgamation of its two wholly-owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, into itself, subject to statutory and regulatory approvals, and the incorporation of a joint venture with Mingfeng Glassesworld Limited (China) to manufacture metal spectacle frames in India, aiming to enhance manufacturing capabilities and reduce import dependence.

Lenskart Solutions Limited announced on July 2, 2026, its board-approved plan to amalgamate its two wholly-owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, into itself, while also incorporating a joint venture with Mingfeng Glassesworld Limited (China) to manufacture metal spectacle frames in India. The scheme, exempt from SEBI no-objection letters under Regulation 37, aims to consolidate corporate structure, eliminate redundancies, enhance manufacturing capabilities, and reduce import dependence. The merger will transfer all assets, liabilities, employees, and tax obligations to the parent entity, with no share issuance affecting shareholding patterns. The board has authorized legal signatories to finalize documentation and obtain NCLT approvals, with implementation contingent on regulatory consents.

Lenskart Solutions Limited announced on July 2, 2026, that its board approved a Scheme of Amalgamation to merge its two wholly-owned subsidiaries, Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited, into itself, alongside forming an 80:20 joint venture with Mingfeng Glassesworld Limited (China) to manufacture metal spectacle frames in India. The merger, exempt from SEBI LODR related party rules, involves no share issuance as consideration and requires NCLT approval. The joint venture will see Lenskart invest INR 80,000 for 8,000 shares and Mingfeng invest INR 20,000 for 2,000 shares. The board empowered officers to finalize filings and modifications subject to statutory consents. The scheme aims to enhance manufacturing capabilities, reduce import dependence, and strengthen supply chain resilience. No dilution or dividend changes are expected, but operational restructuring may impact long-term margins and investor sentiment.