Date: July 30, 2026
Joint Venture / Strategic Actions
Lenskart Solutions Limited has incorporated a joint venture company named Lenskart Metalframes Private Limited on July 30, 2026, in partnership with Mingfeng Glassesworld Limited, China (MGL).
JV Structure & Investment:
- The JV company has an authorized share capital of ₹5,00,00,000 divided into 50,00,000 Equity Shares of ₹10 each.
- The initial subscribed and paid-up share capital is ₹1,00,000 divided into 10,000 Equity Shares of ₹10 each.
- Lenskart Solutions Limited holds 80% of the paid-up equity by subscribing to 8,000 Equity Shares for ₹80,000.
- MGL holds 20% by subscribing to 2,000 Equity Shares for ₹20,000.
- The investment is a cash consideration.
Business Scope:
- The JV will undertake manufacturing of metal spectacle frames and allied optical products.
- It will engage in technology collaboration, sourcing, product development, assembling, processing, and marketing.
Strategic Rationale:
- Strengthen the company's backward integration strategy.
- Enhance domestic manufacturing capabilities.
- Reduce dependence on imports of metal frames.
- Improve supply chain resilience and procurement efficiencies.
- Facilitate technology collaboration.
Regulatory & Governance Details:
- The JV was incorporated after obtaining the requisite approval from the Government of India under Press Note 3 (wherever applicable).
- The JV agreement is yet to be executed.
- Upon incorporation, Lenskart Metalframes Private Limited has become a related party of Lenskart Solutions Limited.
- MGL is not related to the promoter, promoter group, or group companies of Lenskart.
- The transaction is intended to be undertaken on an arm's length basis.
Other Disclosures
The disclosure is made pursuant to:
- Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.