Other Corporate Update

Nature of Update

Incorporation of a step-down subsidiary company in China by Baofeng Framekart Technology Limited (BFT), which is a joint venture of Lenskart Solutions Limited.

Key Operational or Strategic Points

  • The step-down subsidiary has been incorporated under the name "Wenzhou Framekart Trade Co., Ltd" on August 14, 2026
  • The Company received the Certificate of Incorporation on August 17, 2026
  • The entity will undertake business of trading, import, export and procurement of spectacle frames and allied optical products
  • It will also handle related materials, equipment and technology as required for the business of BFT and its subsidiaries
  • Wenzhou Framekart Trade Co., Ltd. is incorporated as a subsidiary of Baofeng Framekart Technology Limited (BFT)
  • BFT is a joint venture of Lenskart Solutions Limited
  • Wenzhou Framekart Trade Co., Ltd. is therefore a step-down subsidiary of Lenskart Solutions Limited
  • Upon incorporation, 95% of the equity interest is held by BFT
  • The entity belongs to the eyewear and allied optical products industry
  • No governmental or regulatory approvals were required for the incorporation
  • The consideration was cash-based
  • BFT subscribed to the equity interest for an amount of RMB 1 Million
  • As a Chinese limited liability company, ownership is represented through equity interests rather than specific number of shares

Material Financial Impact

  • Investment amount: RMB 1 Million (approximately ₹1.16 crore based on current exchange rates)
  • Ownership structure: BFT holds 95% equity interest
  • The subsidiary is expected to support the business operations of BFT and its subsidiaries through trading, import, export and procurement activities
  • No immediate financial impact on revenue, margins, or cash flows disclosed
  • No impact on debt levels, capital structure, or dividend policy disclosed

Reference Regulation

SEBI Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026