Lenskart Solutions Ltd approves amalgamation of Dealskart Online Services and Lenskart Eyetech

What Lenskart Solutions Ltd announced

Lenskart Solutions Ltd filed a Regulation 30 (LODR) announcement with the Bombay Stock Exchange on 2 July 2026 stating that the Board has approved a Scheme of Amalgamation involving its two wholly‑owned subsidiaries – Dealskart Online Services Private Limited and Lenskart Eyetech Private Limited. Under the scheme, both subsidiaries will be merged into Lenskart Solutions Ltd, the surviving entity.

The announcement confirms that the scheme has been approved by the company’s Board of Directors and is now being communicated to shareholders and creditors as required by law. No financial terms, such as consideration payable to shareholders of the subsidiaries, have been disclosed.

Details of the Scheme of Amalgamation

The scheme proposes the following steps:

1. Transfer of assets and liabilities – All assets, liabilities, rights and obligations of Dealskart Online Services Pvt Ltd and Lenskart Eyetech Pvt Ltd will be transferred to Lenskart Solutions Ltd.
2. Cancellation of shares – The share capital of the two subsidiaries will be extinguished, and their shareholders (which are wholly owned by Lenskart Solutions Ltd) will receive shares in the parent in accordance with the scheme’s terms.
3. Legal effect – Upon completion, the two subsidiaries will cease to exist as separate legal entities, and Lenskart Solutions Ltd will continue as the sole operating company.

The scheme is being pursued under the Companies Act, 2013, and the filing references Regulation 30 of the Listing Obligations and Disclosure Requirements (LODR), which mandates timely disclosure of material restructuring actions.

Shareholder and Creditor Considerations

Although the subsidiaries are wholly owned, the Companies Act requires that shareholder and creditor approvals be obtained for a scheme of amalgamation. The filing notes that the company will circulate a detailed scheme document to the shareholders of the subsidiaries and to all known creditors. The document will outline:

• The rationale for the merger.
• The method of share exchange, if any.
• The impact on existing contracts and obligations.
• The timeline for completion.

The scheme will become effective only after the requisite approvals are obtained in a meeting of the shareholders of each subsidiary and after any objections from creditors are resolved.

Key facts at a glance

Why this matters for investors

The amalgamation will simplify the corporate structure by eliminating two subsidiary entities. For investors, this means:

• Single reporting line – All financial results will be consolidated under Lenskart Solutions Ltd, potentially improving transparency.
• No immediate dilution – Since the subsidiaries are wholly owned, the merger does not involve issuing new shares to external parties.
• Regulatory compliance – The filing demonstrates that the company is adhering to disclosure norms, which reduces regulatory risk.
• Operational integration – Combining the subsidiaries may lead to cost efficiencies, though the filing does not quantify any expected savings.

Conclusion

Lenskart Solutions Ltd has secured board approval for a scheme that will merge Dealskart Online Services Pvt Ltd and Lenskart Eyetech Pvt Ltd into the parent company. The next critical milestones are the shareholder and creditor approvals required under the Companies Act. Once those approvals are obtained and the scheme is formally executed, the two subsidiaries will cease to exist, leaving Lenskart Solutions Ltd as the sole operating entity.