Target Entity: Le Petit Lunetier Paris SAS, France (LPL)
Type of Deal: Minority stake acquisition through primary subscription
Stake/Capacity: Additional 2.52% stake acquired, increasing aggregate shareholding from 31.82% to 34.34% of fully diluted share capital
Deal Value: EUR 0.248 million (equivalent to approximately INR 2.71 Crore) for this transaction. Aggregate consideration for both transactions (including April 30, 2026 acquisition) is EUR 0.498 million (equivalent to approximately INR 5.48 Crore)
Funding Source: Cash consideration
Financial Impact:
LPL turnover for FY 2025-26: EUR 7.70 million
LPL turnover for FY 2024-25: EUR 7.90 million
LPL turnover for FY 2023-24: EUR 6.20 million
Total paid-up capital of LPL: EUR 1,546
Financial impact on Lenskart not specifically disclosed
Timeline: Acquisition completed on September 23, 2026
Strategic Rationale:
Furthers Company's brand portfolio strategy
Selective investment in eyewear brands to introduce and scale products across Company's omnichannel retail network in India and other markets
Strengthens Company's interest in "Le Petit Lunetier" brand for distribution through Company's own stores and platforms
Not intended to expand Company's presence in LPL's existing wholesale and retail business in Europe
Similar strategy previously implemented with brands such as Owndays
Approval Status: Completed, no specific governmental or regulatory approvals required
Related Party Status:
LPL is an existing associate entity of NESO and indirect associate of Company
Constitutes related party transaction under Companies Act, 2013 and applicable accounting standards
Undertaken in compliance with SEBI Listing Regulations on arm's length basis
Additional Details:
Previous acquisition: April 30, 2026 - 2.77% stake for EUR 0.25 million (INR 2.77 Crore)
