Lenskart Acquires Additional 1.8% Stake in Ajna

The aggregate consideration for acquisition of the additional 4.17% stake acquired across three transactions (February 26, 2026, July 4, 2026 and September 13, 2026) is INR 185 million
Ajna's turnover for financial years: FY25-26: INR 103.64 million, FY24-25: INR 127.91 million, FY23-24: INR 159.68 million

To further strengthen the Company's strategic association with the extended reality (XR), artificial intelligence and smart wearable technology ecosystem
To support technology-led opportunities in the smart eyewear space
Strengthens the Company's strategic association with Ajna and its exposure to the augmented reality (AR) and mixed reality (MR) technology ecosystem

No specific governmental or regulatory approval required for the acquisition
Acquisition constitutes a related party transaction as Ajna is treated as an associate of the Company
Transaction undertaken in compliance with applicable provisions of SEBI Listing Regulations and on an arm's length basis

Ajna is a private limited company incorporated in India on November 12, 2014
Engaged in manufacturing, distribution and sale of augmented reality and mixed reality solutions and products
Country of Presence: India
Mr. Peyush Bansal, Promoter and Managing Director of the Company, is also a Director on the Board of Ajna
Current shareholding progression: Initial holding (as of November 10, 2026 listing): 4.84%, Additional 0.68% on February 26, 2026, Additional 1.69% on July 4, 2026, Additional 1.80% on September 13, 2026
Final aggregate shareholding: 9.01% of fully diluted share capital of Ajna