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Directors Report of Lenskart Solutions Ltd.
Mar 31, 2026
Your Directors are pleased to present the Eighteenth Annual Report of the Company together with the audited
financial statements (standalone and consolidated) for the financial year ended March 31, 2026. The financial
year under review marked a significant milestone for the Company with the successful completion of its Initial
Public Offering and listing of its equity shares on the stock exchanges on November 10, 2025. The listing reflects
the Company''s continued growth trajectory and commitment towards enhanced transparency, governance
and long-term value creation for all stakeholders.
As the Company transitions from a closely held enterprise to a publicly listed entity, it enters a new phase of
responsibility and opportunity. The Board remains focused on driving innovation, operational excellence and
sustainable growth, while strengthening governance practices and creating long-term value for all stakeholders.
The highlights of the Company''s financial performance, for the year ended March 31, 2026 is
summarized below:
|
Particulars |
Standalone |
Consolidated |
||
|
FY 2025-26 |
FY 2024-25 |
FY 2025-26 |
FY 2024-25 |
|
|
Revenue from Operations |
52,478.35 |
40,392.43 |
88,140.40 |
66,525.17 |
|
Other Income |
2,020.11 |
1,862.83 |
1,742.95 |
3,567.59 |
|
Total Income |
54,498.46 |
42,255.26 |
89,883.35 |
70,092.76 |
|
Operating Expenditure |
42,664.84 |
35851.55 |
70,610.59 |
56,770.19 |
|
Profit before Depreciation, Interest and |
11,833.62 |
6,403.71 |
19,272.76 |
13,322.57 |
|
Finance cost |
1,286.74 |
972.44 |
1,784.54 |
1,458.90 |
|
Depreciation |
4,193.66 |
2,915.77 |
10,483.84 |
7,965.69 |
|
Profit before share of (loss) of Associates |
6,353.22 |
2,515.50 |
7,004.38 |
3,897.98 |
|
Share of (loss) of Associates and Joint |
0.00 |
0.00 |
(43.99) |
(44.42) |
|
Profit before exceptional items and tax |
6,353.22 |
2,515.50 |
6,960.39 |
3,853.56 |
|
Exceptional items - (loss) |
(189.11) |
0.00 |
157.09 |
0.00 |
|
Profit before tax |
6,164.11 |
2,515.50 |
6,803.30 |
3,853.56 |
|
Tax Expense |
1,405.27 |
634.78 |
1,793.80 |
880.16 |
|
Profit after tax |
4,758.84 |
1,880.72 |
5,009.50 |
2,973.40 |
2. PERFORMANCE REVIEW AND
STATE OF AFFAIRS
Lenskart Solutions Limited is a technology-driven
eyewear company with integrated operations
spanning designing, manufacturing, branding
and retailing of eyewear products. The Company
primarily sells prescription eyeglasses, sunglasses,
and other products such as contact lenses and
eyewear accessories.
The Company commenced its operations in
India as an online business in 2010 and opened
the first retail store in New Delhi in 2013.
Since then, the Company has established a
presence through retail stores, websites, mobile
applications, and other channels. The Company''s
websites and mobile applications are central to
their omnichannel retailing presence, which is
powered by the technology platform, providing
customers with the ability to engage with our
brands and sub-brands, and purchase products
across both online and offline touchpoints.
As of March 31, 2026, the Company''s mobile
application has more than 120Mn cumulative
downloads. The Company operates through
3,327 stores across 16 countries, with 2,609
stores in India, 287 in Japan, 284 in Southeast
Asia and 41 in Middle East and 106 stores in
other geographies.
The Company believes that clear vision is
fundamental to the personal development and
well-being of an individual, and continues to build
tech-enabled supply and distribution solutions
that improve access to affordable and quality
âEyewear for All''.
Revenue from Operations for financial year
2025-26 is ''88,140 Million as against ''66,525
Million in financial year 2024-25 registering a
growth of 32.5%. EBITDA is ''17,485.82 Million
in financial year 2025-26 as against ''9,710.56
Million in financial year 2024-25, registering a
growth of 80.1%, with EBITDA margin expanding
by 524 bps to 19.8% from 14.6%. Profit After Tax
is ''5,009.50 Million in financial year 2025-26
in comparison to ''1,302.4 Million in financial
year 2024-25 (adjusted to exclude one-time,
non-cash FVTPL gain of ''1,672 Mn in Other
Income, related to deferred consideration on the
Owndays acquisition in financial year 2024-25),
a growth of 284.6%, with PAT margin expanding
from 2.0% to 5.7%, an expansion of 374 bps.
To facilitate a comprehensive understanding
of the Company''s consistent performance
trajectory, the financial results have been
presented on a pro-forma basis for the historical
periods. This presentation accounts for the
strategic consolidation of key acquisitions and
group entities, including the master-franchisee
(Dealskart), GeolQ, and the international
acquisition of Meller, as if such entities were
consolidated from the commencement of the
relevant financial periods.
On a Pro-forma Consolidated basis, Revenue
from Operations for financial year 2025-26 is
''90,023 Million as against ''68,030 Million in
financial year 2024-25 registering a growth of
32.3%. EBITDA is ''17,895 Million in financial year
2025-26 as against ''11,525 Million in financial
year 2024-25, registering a growth of 55.3%, with
EBITDA margin expanding by 294 bps to 19.9%
from 16.9%. Profit After Tax is ''5,300 Million in
financial year 2025-26 in comparison to ''2,140
Million in financial year 2024-25 (adjusted to
exclude one-time, non-cash FVTPL gain of
''1,672 Mn in Other Income, related to deferred
consideration on the Owndays acquisition in
financial year 2024-25), a growth of 148%, with
PAT margin expanding from 3.1% to 5.9%, an
expansion of 275 bps.
3. CONVERSION TO PUBLIC LIMITED
COMPANY AND LISTING ON STOCK
EXCHANGES
During the financial year under review, the
Company was converted from a private
limited company to a public limited company
pursuant to the provisions of the Companies
Act, 2013, with effect from June 16, 2025.
Consequent to such conversion, the name of the
Company was changed from âLenskart Solutions
Private Limitedâ to âLenskart Solutions Limitedâ.
Further, the Company successfully completed
its Initial Public Offering (âIPOâ), comprising a
fresh issue of 53,495,905 Equity Shares having
face value of ''2 each aggregating to ''21,500.00
Million and an offer for sale of 127,562,573 Equity
Shares having face value of ''2 each aggregating
to ''51,280.15 Million. Pursuant to the IPO, the
equity shares of the Company were listed on BSE
Limited and National Stock Exchange of India
Limited on November 10, 2025.
The listing of the Company''s equity shares marks
a significant milestone in the Company''s journey
and strengthens its corporate governance
framework, transparency and access to
capital markets.
Pursuant to the provisions of the SEBI (Issue
of Capital and Disclosure Requirements)
Regulations, 2018 and the disclosures made in
the Prospectus, during the financial year under
review, Mr. Peyush Bansal, Ms. Neha Bansal,
Mr. Amit Chaudhary and Mr. Sumeet Kapahi
are identified as Promoters of the Company.
The Promoters have been instrumental in
the establishment, growth and strategic
development of the Company and continue to
provide leadership and guidance in furthering
the Company''s long-term vision and objectives.
The shareholding of the Promoters is disclosed
in the Annual Return of the Company and in the
Corporate Governance Report forming part of
this Annual Report.
Considering the growth plans and capital
requirements of the Company, the Board of
Directors has not recommended any dividend for
the financial year ended March 31,2026.
The Company has adopted a Dividend
Distribution Policy in accordance with Regulation
43A of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015,
which is available on the website of the Company
athttps://www.lenskart.com/corporate/
investorrelations?tab=governance. The decision
of the Board is in line with the said Policy.
During the financial year under review, the
Company has not transferred any amounts to
the General Reserve. For complete details on
movement in Reserves and Surplus during the
financial year ended March 31, 2026, please refer
to the âStatement of Changes in Equity'' included
in the standalone and consolidated financial
statements of this Annual Report.
7. INVESTOR EDUCATION AND
PROTECTION FUND
I n terms of the provisions of Sections 124 and
125 of the Companies Act, 2013, there were no
amounts which were required to be transferred
to the Investor Education and Protection Fund
(âIEPFâ) during the financial year under review.
There were no shares required to be transferred
to the IEPF during the financial year.
During the financial year under review, the
Company has undergone various changes in its
share capital pursuant to pre-IPO restructuring,
Initial Public Offering and allotments under
Employee Stock Option Schemes. The details of
changes in the capital are as under:
a. Authorised Share Capital
During the financial year 2025-26,
the members of the Company, at the
Extra-Ordinary General Meeting held on
May 9, 2025, accorded their approval,
pursuant to the provisions of Sections 13
and 61 of the Companies Act, 2013, for
the reclassification and increase of the
Authorised Share Capital of the Company.
Consequent to the above, the Authorised Share Capital was restructured from ''3,483.99 Million
divided into the following classes of securities:
|
Class of Securities |
No. of Shares |
Face Value ('') |
Amount ('' in Million) |
|
Equity Shares |
782,200,000 |
2 |
1,564.40 |
|
Series A Equity Shares |
15,000 |
2 |
0.03 |
|
Series B Equity Shares |
40,000 |
2 |
0.08 |
|
Series A CCPS |
9,520,000 |
2 |
19.04 |
|
Series B CCPS |
9,670,000 |
2 |
19.34 |
|
Series C2 CCPS |
30,000 |
2 |
0.06 |
|
Series D CCPS |
12,150,000 |
2 |
24.30 |
|
Series E CCPS |
3,820,000 |
2 |
7.64 |
|
Series F CCPS |
12,000,000 |
2 |
24.00 |
|
Class 1 CCNPS |
60,000,000 |
2 |
120.00 |
|
Series G CCPS |
23,000,000 |
2 |
46.00 |
|
Series H CCPS |
10,000,000 |
2 |
20.00 |
|
Class of Securities |
No. of Shares |
Face Value (?) |
Amount (? in Million) |
|
Class 2 CCNPS |
600,000 |
10 |
6.00 |
|
Series I CCPS |
9,350,000 |
2 |
18.70 |
|
Series I1 CCPS |
6,500,000 |
2 |
13.00 |
|
Series I2 CCPS |
800,000,000 |
2 |
1,600.00 |
|
Class 3 CCPS |
700,000 |
2 |
1.40 |
|
Total |
''3,483.99 |
to ''6,499.48 Million divided into the following classes of securities, with the Series A Equity Shares and
Series B Equity Shares being reclassified into and merged with the general Equity Share capital:
|
Class of Securities |
No. of Shares |
Face Value ('') |
Amount ('' in Million) |
|
Equity Shares |
2,290,000,000 |
2 |
4,580.00 |
|
Series A CCPS |
9,520,000 |
2 |
19.04 |
|
Series B CCPS |
9,670,000 |
2 |
19.34 |
|
Series C2 CCPS |
30,000 |
2 |
0.06 |
|
Series D CCPS |
12,150,000 |
2 |
24.30 |
|
Series E CCPS |
3,820,000 |
2 |
7.64 |
|
Series F CCPS |
12,000,000 |
2 |
24.00 |
|
Class 1 CCNPS |
60,000,000 |
2 |
120.00 |
|
Series G CCPS |
23,000,000 |
2 |
46.00 |
|
Series H CCPS |
10,000,000 |
2 |
20.00 |
|
Class 2 CCNPS |
600,000 |
10 |
6.00 |
|
Series I CCPS |
9,350,000 |
2 |
18.70 |
|
Series I1 CCPS |
6,500,000 |
2 |
13.00 |
|
Series I2 CCPS |
800,000,000 |
2 |
1,600.00 |
|
Class 3 CCPS |
700,000 |
2 |
1.40 |
|
Total |
''6,499.48 |
Note: CCPS: Compulsorily Convertible Preference Shares | CCNPS: Compulsorily Convertible Non-cumulative
Preference Shares.
b. Issued, Subscribed, and Paid-up Share Capital
The issued, subscribed and paid up share capital of the Company as on March 31, 2026 is ''3,472.83
Million, divided into 1,736,416,007 (One hundred seventy-three crore sixty-four lakh sixteen thousand
and seven only) equity shares having face value of ''2/- (Indian rupee two) each (âEquity Sharesâ).
The summary of changes in paid-up equity share capital during the year is provided below:
|
Date |
Particulars |
No. of Equity |
Face Value ('') |
|
May 2, 2025 |
Reclassification of Series A and Series B Equity Shares |
5,534 |
2 |
|
July 4, 2025 |
Conversion of various series of CCPS into Equity Shares |
44,364,920 |
2 |
|
July 11, 2025 |
Conversion of Series I1 CCPS and Series H CCPS |
5,482,720 |
2 |
|
July 22, 2025 |
Conversion of Series B CCPS |
1,000,000 |
2 |
|
August 2025 - |
Allotment of Equity Shares pursuant to exercise of |
269,192 |
2 |
|
October 7, 2025 |
Conversion of various series of CCPS and CCNPS into |
858,482,930 |
2 |
|
October 10, 2025 |
Allotment of Equity Shares pursuant to exercise of |
70,000 |
2 |
|
Date |
Particulars |
No. of Equity |
Face Value ('') |
|
October 13, 2025 |
Allotment of Equity Shares pursuant to exercise of |
19,500 |
2 |
|
November 6, 2025 |
Allotment of Equity Shares during Initial Public Offering |
53,495,905 |
2 |
|
February 18, 2026 |
Allotment of Equity Shares pursuant to exercise of |
1,545,820 |
2 |
*Represents aggregate ESOP allotments made between August 8, 2025 and September 18, 2025.
Consequent to the above, the paid-up equity
share capital of the Company increased from
''1,543.36 Million divided into 771,679,486
equity shares of face value ''2 each as at
April 1, 2025 to ''3,472.83 Million divided
into 1,736,416,007 equity shares of face
value ''2 each as at March 31, 2026.
9. MATERIAL CHANGES AND
COMMITMENTS, IF ANY,
AFFECTING THE FINANCIAL
POSITION OF THE COMPANY
There have been no material changes or
commitments affecting the financial position of
the Company between the end of the financial
year 2025-26 and the date of this Report.
There has been no change in the business
of the Company.
10. SUBSIDIARIES, JOINT VENTURES
AND ASSOCIATES
As on March 31, 2026, the Company has seven
direct subsidiary companies (including three
domestic wholly-owned subsidiaries, one
domestic subsidiary, two foreign wholly-owned
subsidiaries, and one Section 8 wholly-owned
subsidiary), two Joint Ventures (one Joint Venture
each with Baofeng Framekart Technology Limited
and VisionSure Services Private Limited) and
three Associate Companies i.e. Dimension NXG
Private Limited (India), iiNeer Co., Ltd. (Korea) and
Le Petit Lunetier Paris Sas (France).
Further, the Company holds investments in
step down overseas subsidiaries through its
wholly-owned subsidiary i.e Lenskart Solutions
Pte. Ltd., Singapore. The step down subsidiaries
of the Company are Lenskart Solutions Company
Limited (Vietnam), Lenskart Solutions SDN.
BHD. (Malaysia), MLO K.K. (Japan), Stellio Ventures
S.L. (Spain), Stellio Ventures UK Limited (United
Kingdom), Lenskart Arabia Ltd. (Kingdom of
Saudi Arabia), Lenskart Optical Trading LLC (UAE),
Lenskart Optical Lenses Cutting LLC, PT Lenskart
Solutions (Indonesia), Lenskart Solutions(Thailand)
Company Limited, Thai Eyewear (Thailand),
Owndays Inc. (Japan), Owndays Singapore Pte.
Ltd., Owndays Co., Ltd., Owndays Taiwan Ltd.,
Owndays Downunder Pty. Ltd., Owndays Hong
Kong Ltd., Owndays Vietnam Ltd., Owndays
Malaysia Sdn. Bhd., Owndays Tech & Media
(Thailand) Co., Ltd., Owndays (Thailand) Co., Ltd.,
Owndays Contact Co., Ltd., and Tennozu Optical
College Co., Ltd.
During the financial year under review, Lenskart
Solutions INC (United States of America) ceased
its operations effective June 25, 2025.
Pursuant to the provisions of Section 129(3) of
the Act, read with the Companies (Accounts)
Rules, 2014 and in accordance with applicable
accounting standards, a statement containing
the salient features of financial statements of
your Company''s subsidiaries, Associates, and
Joint Ventures in Form No. AOC-1 is annexed as
Annexure I to this Report.
In accordance with the provisions of Section
136 of the Act and the Securities and Exchange
Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (âSEBI Listing
Regulationsâ), the audited financial statements,
including consolidated financial statements and
related information of the Company and financial
statements of your Company''s subsidiaries, joint
ventures/associate companies have been placed
on the website of your Company viz.https://
www.lenskart.com/corporate/investorrelations?t
ab=reports-and-publications.
Your Company has formulated a Policy for
determining Material Subsidiaries. The said
policy is available on the website of the Company
i.e.https://www.lenskart.com/corporate/
investorrelations?tab=governance.
11.UTILISATION OF PROCEEDS OF
INITIAL PUBLIC OFFER (IPO)
The Company had raised funds through its Initial
Public Offering (âIPOâ) for the purposes as stated
in the Prospectus.
As on March 31, 2026, the utilisation of IPO proceeds is as follows:
|
Particulars |
Amount as per |
Amount Utilised |
Unutilised Amount |
|
Capital expenditure towards set-up of new CoCo stores in |
2,726.20 |
200.80 |
2,525.40 |
|
Expenditure for lease/rent/license agreements related |
5,914.40 |
420.80 |
5,493.60 |
|
Investing in technology and cloud infrastructure |
2,133.70 |
164.10 |
1,969.60 |
|
Brand marketing and business promotion expenses for |
3,200.60 |
246.20 |
2,954.40 |
|
Unidentified inorganic acquisitions and general corporate |
6,831.20 |
525.50 |
6,305.70 |
|
Offer related expenses to the extent applicable to the Fresh |
693.90 |
213.20 |
480.70 |
|
Total |
2,1500.00 |
1,770.60 |
19,729.40 |
The unutilised funds as at the end of the financial
year were temporarily invested in fixed deposits /
bank balances, in accordance with the Company''s
treasury policy.
There has been no deviation or variation in the
utilisation of proceeds from the objects stated in
the Prospectus.
12.BOARD OF DIRECTORS AND KEY
MANAGERIAL PERSONNELS
The Company has a professional Board with
the right mix of knowledge, skills and expertise
with an optimum combination of Executive
and Non-Executive Directors including one
woman Independent Director, duly constituted
in accordance with the provisions of the
Companies Act, 2013 and the SEBI (Listing
Obligations and Disclosure Requirements)
Regulations, 2015. During the financial year
under review, the following changes took place
in the composition of the Board:
a. Appointment / Re-appointment of
Directors
During the financial year under
review, following appointments/
re-appointments were made:
⢠Mr. Peyush Bansal (DIN: 02070081) was
appointed as the Managing Director and
Chief Executive Officer of the Company,
with effect from June 1,2025, approved
by shareholders in the 17th Annual
General Meeting of the Company held
on July 26, 2025;
⢠Ms. Neha Bansal (DIN: 02057007) was
appointed as Executive Director of
the Company with effect from June 1,
2025, approved by shareholders in the
17th Annual General Meeting of the
Company held on July 26, 2025;
⢠Mr. Amit Chaudhary (DIN: 08908841)
was appointed as an Additional Director
(Executive Director) with effect from
July 11, 2025 and subsequently
regularized as Executive Director,
approved by shareholders in the
17th Annual General Meeting of the
Company held on July 26, 2025.
⢠Mr. Jayesh Tulsidas Merchant (DIN:
00555052) was re-appointed as
Independent Director of the Company
with effect from May 4, 2025, approved
by shareholders in the 2nd Extra Ordinary
General Meeting of the Company
for the financial year 2025-26 held
on May 30, 2025.
⢠Mr. Bijou Kurien (DIN: 01802995)
was appointed as Additional Director
(Non-Executive Independent) with
effect from January 14, 2025 and
was subsequently regularized as
Independent Director, approved by
shareholders in the 2nd Extra Ordinary
General Meeting of the Company for the
financial year 2025-26 of the Company
held on May 30, 2025;
⢠Mr. Ashish Kashyap (DIN: 00677965) and
Ms. Sayali Karanjkar (DIN: 07312305)
were appointed as Additional Directors
(Non-Executive Independent) with
effect from June 24, 2025 and
were subsequently regularized as
Independent Directors, approved
by shareholders in the 17th Annual
General Meeting of the Company held
on July 26, 2025;
⢠Mr. Anant Gupta (DIN: 06946611),
Non-Executive Nominee Director, liable
to retire by rotation was re-appointed
by the shareholders in the 17th AGM
held on July 26, 2025, and subsequently
re-designated as Non-Executive
Non-Independent Director with effect
from November 29, 2025.
b. Retirement / Resignation of Directors
⢠Mr. Sumer Juneja (DIN: 08343545)
and Mr. Sarthak Misra (DIN: 03399650)
resigned from the position of Nominee
Directors of the Company with effect
from June 17, 2025.
⢠Mr. Haresh Pribhu Balani (DIN:
10090589) resigned from the position
of Nominee Director of the Company
with effect from July 18, 2025.
The Board placed on record its sincere
appreciation for the valuable contributions
made by the Directors who resigned
during the year.
c. Proposed Re-appointment of Directors
In accordance with the provisions of Section
152 of the Act and articles of association of
the Company, Ms. Neha Bansal is liable to
retire by rotation at the ensuing 18th AGM of
the Company and being eligible, offers herself
for re-appointment. The Board recommends
the re-appointment of Ms. Neha Bansal as
Executive Director for shareholders'' approval
at the ensuing 18th AGM.
d. Declaration of Independence
In terms of Section 1 49 of the Act
and the SEBI Listing Regulations,
Mr. Jayesh Tulsidas Merchant,
Mr. Bijou Kurien, Mr. Ashish Kashyap, and
Ms. Sayali Karanjkar are the Independent
Directors of the Company as on the date
of this Report.
I n terms of Regulation 25(8) of SEBI Listing
Regulations, the Independent Directors have
confirmed that they are not aware of any
circumstance or situation, which exists or
may be reasonably anticipated, that could
impair or impact their ability to discharge
their duties with an objective independent
judgement and without any external
influence. Based upon the declarations
received from the Independent Directors,
the Board of Directors has confirmed that
they meet the criteria of Independence as
mentioned under Section 149(6) of the Act
and Regulation 16(1)(b) of the SEBI Listing
Regulations and that they are independent
of the management.
In the opinion of the Board, there has been
no change in the circumstances affecting
their status as Independent Directors of the
Company and the Board is satisfied of the
integrity, expertise and experience (including
proficiency in terms of Section 150(1) of the
Act and applicable rules thereunder) of all
Independent Directors on the Board.
Further in terms of Section 150 read with
Rule 6 of the Companies (Appointment &
Qualification of Directors) Rules, 2014, as
amended, Independent Directors of the
Company have registered their names in the
bank of Independent Directors maintained
with the Indian Institute of Corporate Affairs.
The Company has received necessary
declarations from all the Independent
Directors under Section 149(7) of the
Companies Act, 2013 confirming that
they meet the criteria of independence
as prescribed under Section 149(6) of
the Companies Act, 2013 and Regulation
16( 1 )(b) of the SEBI Listing Regulations.
In the opinion of the Board, the Independent
Directors possess the requisite integrity,
expertise and experience and fulfil the
conditions specified under the Act and SEBI
Listing Regulations and are independent of
the management.
e. Key Managerial Personnel
During the financial year under review, the
following changes took place in the Key
Managerial Personnel of the Company:
⢠Mr. Abhishek Gupta was appointed as
Chief Financial Officer of the Company
with effect from May 21, 2025.
⢠Mr. Ashish Kumar Srivastava was
appointed as Company Secretary
and Chief Compliance Officer of the
Company, in place of Ms. Preeti Gupta
who took the different responsibilities
with the Company, with effect from
November 29, 2025.
13. BOARD MEETINGS AND
COMMITTEES
Sixteen Meetings of the Board of Directors
were held during the financial year 2025-26.
The intervening gap between these meetings
was within the period prescribed under the Act
and the SEBI Listing Regulations.
The Board has constituted the following Board
Committees, namely:
⢠Audit Committee
⢠Nomination and Remuneration Committee
⢠Stakeholders Relationship Committee
⢠Corporate Social Responsibility Committee
⢠Risk Management Committee
The details of the Board Meetings held and
attended by the Directors, the composition
of the Board and its Committees and its
terms of reference are provided in the
Corporate Governance Report forming part of
this Annual Report.
The composition and terms of reference of all
the Committees of the Board of Directors of the
Company is in line with the provisions of the Act
and the SEBI Listing Regulations.
14. COMPANY''S POLICY ON
DIRECTORS'' APPOINTMENT AND
REMUNERATION
The Nomination and Remuneration Charter
(âNRC Charter'') is in place laying down the role
of Nomination and Remuneration Committee
(NRC), criteria of appointment, qualifications,
term/tenure etc. of Executive Directors &
Independent Directors, annual performance
evaluation, remuneration of Executive Directors,
Non-Executive/Independent Directors, Key
Managerial Personnel & Senior Management,
and criteria to determine qualifications, positive
attributes & independence of Director.
The NRC policy is available on the Company''s
website at:https://www.lenskart.com/corporate/
investorrelations?tab=governance.
15. DIRECTORS'' RESPONSIBILITY
STATEMENT
Based on the framework of Internal Financial
Controls and Compliance Systems established
and maintained by the Company, the work
performed by the Internal, Statutory and
Secretarial Auditors and External Consultants,
including Audit of Internal Financial Controls over
financial reporting by the Statutory Auditors and
the reviews performed by Management and the
relevant Board Committees, including the Audit
Committee, the Board is of the opinion that the
Company''s Internal Financial Controls were
adequate and effective during the Financial Year
ended March 31, 2026.
Accordingly, pursuant to Section 134(3)(c) and
134(5) oftheAct,the Board of Directors, to the best
of their information and knowledge, confirm that:
a. in the preparation of the Annual Accounts for
the Financial Year ended March 31, 2026,
the applicable accounting standards have
been followed and there are no material
departures from the same;
b. they have selected such accounting policies
and applied them consistently and made
judgments and estimates that are reasonable
and prudent so as to give a true and fair view
of the state of affairs of the Company at the
end of the Financial Year and of the Profit of
the Company for that period;
c. they have taken proper and sufficient care
for the maintenance of adequate accounting
records in accordance with the provisions
of the Act for safeguarding the assets of the
Company and for preventing and detecting
fraud and other irregularities;
d. they have prepared the Annual Accounts on
a going concern basis;
e. they have laid down internal financial
controls to be followed by the Company
and that such internal financial controls are
adequate and operating effectively; and
f. they have devised proper systems to
ensure compliance with the provisions of all
applicable laws and that such systems are
adequate and operating effectively.
16. EVALUATION OF BOARD, ITS
COMMITTEES AND DIRECTORS
The Nomination and Remuneration Committee
has formulated the criteria for the evaluation of the
Individual Directors, Board and its Committees.
The above criteria are broadly based on the
Guidance Note on Board Evaluation issued by the
Securities and Exchange Board of India.
The evaluation was conducted through
a self-assessment mechanism and the
consolidated feedback was reviewed by the
Nomination and Remuneration Committee.
The criteria for evaluation of Individual Director
includes inter alia aspects such as knowledge
and competency, fulfilment of functions, ability
to function as a team, initiatives taken, availability
and attendance at the meetings, commitment,
integrity, independence, contribution at Board/
Committee Meetings and guidance/support
to the management outside Board/Committee
Meetings. In addition, the Chairman is also
evaluated on key aspects of his role, including
effectiveness of leadership and ability to steer the
meetings, impartiality, ability to keep shareholders''
interests in mind and motivating and providing
guidance to the Executive Directors, etc.
The criteria for Board Evaluation includes
inter alia, structure of the Board, meetings and
functions of the Board, degree of fulfilment of key
responsibilities, establishment and delineation
of responsibility to Committees, effectiveness
of Board processes, information and functioning
and quality of relationship between the Board
and the Management, etc.
The criteria for Committee evaluation includes
inter alia, mandate and composition, effectiveness
of the Committee, structure of the Committee
and meetings, independence of the Committee
from the Board, contribution to decisions of the
Board, effectiveness of the meetings and quality
of relationship of the Committee with the Board
and the Management, etc.
The performance of the committees was
evaluated by the Board after seeking inputs
from the committee members based on the
criteria such as the composition of committees,
effectiveness of committee meetings, etc.
I n a separate meeting of Independent Directors
held on March 30, 2026, the evaluation of
Board and Non-Executive Directors (including
the Chairman) was conducted taking into
account feedback received from all Directors.
The Independent Directors provided feedback to
the Board Chairman and the Managing Director.
The Board Effectiveness discussions help the
Board to continuously evolve and remain relevant
as per the strategic needs of the Company.
17.VIGIL MECHANISM AND WHISTLE
BLOWER POLICY
In terms of the provisions of the Companies Act,
2013 read with the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the
Company has established a Vigil Mechanism
through its Whistle Blower Policy to enable
Directors, employees and other stakeholders to
report genuine concerns, including unethical
behaviour, actual or suspected fraud and
violations of the Company''s Code of Conduct.
The Policy provides for adequate safeguards
against victimisation of whistle blowers
and ensures confidentiality of disclosures.
The Company affirms that no person has been
denied access to the Audit Committee.
The Vigil Mechanism provides for multiple
reporting channels and a structured investigation
framework. All complaints received are reviewed
and investigated in accordance with the Policy,
and appropriate actions are taken based on the
outcome of such investigations.
The Audit Committee oversees the functioning
of the Vigil Mechanism, and a summary of
complaints received, investigated and their status
is placed before it on a periodic basis.
The Whistle Blower Policy and the Code
of Conduct are available on the website of
the Company at:https://www.lenskart.com/
corporate/investorrelations.
18. AUDITORS & AUDITORS'' REPORT
a. Statutory Auditors
M/s S.R. Batliboi & Associates LLP, Chartered
Accountants (Registration No. 101049W/
E300004), were re-appointed as the
Statutory Auditors of the Company for a term
of 5 (five) consecutive years starting from the
conclusion of 16th Annual General Meeting
(âAGMâ) till the conclusion of 21st AGM and
has conducted audit for the Financial Year
ended on March 31, 2026.
The Auditors'' Report has been enclosed with
the financial statements in this Annual Report.
The Notes on Financial Statements referred
to in the Auditors'' Report are self-explanatory
and do not call for any further comments.
The Auditors'' Report doesn''t contain any
qualification, reservation or adverse opinion.
Further during the financial year 2025-26,
the Auditors have not reported any fraud,
which is committed against the Company
by officers or employees of the Company.
b. Secretarial Auditors
M/s DPV & Associates LLP, Company
Secretaries, (FRN: L2021HR009500),
were appointed as Secretarial Auditors of
the Company for the financial year ended
on March 31, 2026. The secretarial audit
report does not contain any qualification or
reservation or observation or adverse remark
and is annexed as Annexure II.
Ms. Jaya Yadav, Practicing Company
Secretary c/o M/s Jaya Yadav &
Associates, Company Secretaries, (FRN:
I2013HR1041100), acted as Secretarial
Auditor for Dealskart Online Services
Private Limited (âDealskartâ), wholly-owned
subsidiary of the Company for the
financial year ended on March 31, 2026.
The secretarial audit report of Dealskart is
also annexed as Annexure II A respectively.
The Company has submitted the annual
secretarial compliance report with BSE and
NSE in compliance of Regulation 24A of the
SEBI Listing Regulations and the same can
be accessed athttps://www.lenskart.com/
corporate/investorrelations.
The Board recommends to appoint M/s
DPV & Associates LLP, Company Secretaries,
(FRN: L2021HR009500), a peer-reviewed
firm as Secretarial Auditors of the Company
for a term of 5 (five) consecutive years
starting from April 1, 2026 and ending on
March 31,2031, subject to the shareholders''
approval at the ensuing 18th AGM.
c. Internal Auditors
Pursuant to the provisions of Section
138 of the Companies Act, 2013, M/s
PricewaterhouseCoopers Private Limited
has been appointed as the Internal Auditors
of the Company.
The Internal Auditors conduct periodic
audits to evaluate the adequacy and
effectiveness of the Company''s internal
control systems, risk management processes
and governance framework.
The internal audit reports, along with
management responses and action plans,
are reviewed by the Audit Committee on
a quarterly basis, which also monitors the
implementation of the recommendations
made by the Internal Auditors.
19.REPORTING OF FRAUD BY
AUDITORS
During the financial year under review, Statutory
Auditors, Secretarial Auditors, and Internal
Auditors have not reported any instances of
fraud committed in the Company by its Officers
or Employees to the Audit Committee under
Section 143(12) of the Act.
20.1 NTERNAL FINANCIAL CONTROLS
& ITS ADEQUACY
The Company has in place a well-established
internal control system which is commensurate
with the nature of its business, size, scale, and
complexity of its operations. Internal Control
Systems comprising policies and procedures
are designed to ensure sound management of
the Company''s operations, safe-keeping of its
assets, optimal utilization of resources, reliability
of its financial information and compliance.
Systems and procedures are periodically
reviewed to keep pace with the growing size and
complexity of the Company''s operations.
The Statutory Auditors, Internal Auditors and
the Audit Committee periodically review the
adequacy and effectiveness of Internal Control
Systems and provide guidance for further
strengthening them. Details of the Internal
Financial Controls and related systems are
provided in the Management Discussion and
Analysis Report.
The Company has established an enterprise-wide
Risk Management Framework in accordance
with the provisions of the Companies Act,
2013 and the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015,
to systematically identify, assess, monitor and
mitigate risks that may impact the achievement
of its strategic and operational objectives.
The framework is designed in alignment with
globally accepted risk management principles
and is embedded within the Company''s business
planning, strategy execution and performance
management processes. It provides for a
structured approach towards identification and
prioritisation of key risks across business, financial,
operational, regulatory, cybersecurity, ESG and
reputational domains, including emerging risks.
The Board has approved a Risk Management
Policy which, inter alia, defines the risk
governance architecture, risk appetite, roles
and responsibilities of various stakeholders, risk
assessment and mitigation methodologies, as
well as reporting and escalation mechanisms.
The Risk Management Committee assists the
Board in overseeing the implementation and
effectiveness of the risk management framework
and ensures that appropriate systems are in place
to monitor and control risks.
Risk identification and assessment is carried out
through a structured, cross-functional process,
and key risks along with mitigation plans are
periodically reviewed and updated. The risk
registers and mitigation status are placed before
the Risk Management Committee and the
Board at regular intervals to enable informed
decision-making and oversight.
The internal audit function, aligned with the risk
universe, provides independent assurance on the
adequacy and effectiveness of risk controls and
mitigation measures.
The Company continues to strengthen its risk
management capabilities in line with evolving
business dynamics, regulatory requirements and
industry best practices, to enhance resilience and
long-term value creation.
The Risk Management Policy is available on the
website of the Company athttps://www.lenskart.
com/corporate/investorrelations?tab=governance.
22. CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility (âCSR'') is an
integral part of the Company''s culture and
integrates with its economic progress and
social commitment. The Company continues
to emphasize the implementation of the key
areas denoted and chosen for sustainability.
The Company has adopted a CSR Policy in
compliance with the provisions of the Act.
The CSR initiatives of the Company are focused
on promoting access to vision care and improving
eye health across underserved communities
through outreach programmes and awareness
initiatives. These activities are aligned with
the areas specified under Schedule VII of the
Companies Act, 2013.
During the financial year under review, the
Company has spent the entire amount required
to be spent towards CSR, being 2% of the average
net profits of the preceding three financial
years, on approved CSR projects (including
administrative overheads), in compliance with
the provisions of the Act. Accordingly, there was
no unspent CSR amount as on March 31,2026.
The Annual Report on CSR activities, in terms
of Section 135 of the Act and the Rules
framed thereunder, is annexed as Annexure III
to this Report.
23. CONSERVATION OF ENERGY,
TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNINGS
AND OUTGO
The information pertaining to conservation of
energy, technology absorption, foreign exchange
earnings and outgo, as required under Section
134(3)(m) of the Companies Act, 2013 read with
Rule 8 of the Companies (Accounts) Rules, 2014,
is set out below.
Lenskart, as a responsible corporate stakeholder,
is deeply committed to sustainable operations,
decarbonization and the judicious use of natural
resources.The Company has invested significantly
in automation, energy-efficient machinery
and renewable energy systems, guided by a
long-term vision for a greener tomorrow.
Note: Unless otherwise stated, the information provided
under Conservation of Energy and Technology Absorption
pertains to the Companyâs manufacturing facilities and
operational locations in India.
A. CONSERVATION OF ENERGY
(i) Electricity - Energy-Efficient Systems and Measures
Lenskart implemented the following targeted energy conservation measures across its manufacturing
facilities during the financial year under review:
|
S. No. |
Conservation Measure |
Energy Impact |
|
1. |
EC (Electronically Commutated) high- |
17.5 kW savings per installation (3.5 kW 1 5 units) |
|
2. |
EC high-efficiency fans - MEI / QC CSU units |
27 kW aggregate savings (3.5 kW 1 8 units) |
|
3. |
300 TR water-cooled chiller commissioned |
Higher coefficient of performance as compared to air¬ |
|
4. |
VFD-operated compressor (1,500 CFM) - |
Reduced energy consumption as compared to higher- |
The above initiatives resulted in a total
demand reduction of 44.5 kW from EC fan
installations. Further, the commissioning of
the 300 TR water-cooled chiller contributed
towards enhanced operational efficiency
and optimized energy consumption.
(ii) Fuel - Clean and Dual-Fuel Initiatives
The Company''s manufacturing units at
Bhiwadi and Manesar have transitioned
to Piped Natural Gas (âPNGâ) for kitchen
operations, a cleaner-burning and
low-emission fuel source. The Company
has further extended its clean fuel
initiatives to Diesel Generator (âDGâ) sets
through implementation of a PNG-diesel
dual-fuel system, thereby reducing
greenhouse gas emissions.
The adoption of natural gas in DG operations
at the Bhiwadi plant resulted in reduction of
greenhouse gas emissions by approximately
1,150 tCO2e per annum, contributing
significantly towards the Company''s
decarbonization roadmap.
(iii) Water - Sustainable Water Management
The Company has further strengthened
its water stewardship programme across
its manufacturing units with focus on
reuse and recycling initiatives. The Bhiwadi
manufacturing facility continues to operate
advanced Effluent Treatment Plant (âETPâ)
and Zero Liquid Discharge (âZLDâ)
infrastructure.
Key initiatives undertaken during
the year include:
⢠Recycling and reuse of approximately
95% of ETP-treated water within plant
operations at the Bhiwadi facility,
thereby reducing dependence on
fresh water intake;
⢠Deployment of a 32 KL Mechanical
Vapour Recompression (âMVRâ) based
ZLD system for ETP water recovery,
achieving approximately 94% capacity
utilisation; and 1
(iv) Alternate Sources of Energy - Renewable
Energy Initiatives
The Company continues to increase the share
of renewable energy in its overall energy
consumption mix through investments in
captive solar and hybrid wind-solar power
generation infrastructure.
a. Solar Power - Captive Rooftop
Installations
⢠The Bhiwadi manufacturing plant
operates a captive rooftop solar
power plant having an installed
capacity of 2.275 MWp for
captive consumption.
⢠An additional rooftop solar
installation of 0.455 MWp
generated approximately 4.97
lakh units during the financial
year under review.
b. Hybrid Wind-Solar Power Plant -
Dangri, Rajasthan
The Company has invested in a 1.1
MW hybrid wind-solar power plant
located at Dangri, Rajasthan. The plant
is designed to generate approximately
4.9 million units per MW per annum
through an integrated renewable
energy generation model combining
wind and solar resources.
B. TECHNOLOGY ABSORPTION
The Company continues to strengthen its
technology-led operating model through
continuous investments in automation,
artificial intelligence (âAIâ), digital infrastructure,
advanced manufacturing systems, data science
capabilities and process innovation across its
business operations.
Over the years, the Company has developed
an integrated technology ecosystem across
manufacturing, supply chain, customer
experience, omnichannel retail operations,
remote optometry and analytics-driven decision
making. The Company''s technology platforms
continue to support operational scalability,
manufacturing precision, customer engagement,
improved turnaround timelines and long-term
cost efficiencies.
The key initiatives undertaken during the financial year under review are set out below:
|
Particulars |
Details |
|
Efforts made |
The Company continued deployment and enhancement of advanced manufacturing and |
|
Digital and AI- |
During the year, the Company further expanded its AI-enabled and technology-driven |
|
Automation and |
The Company continued to implement automation-led operational improvements across |
|
Research & |
The Company continued investments in research, product engineering and technology |
|
Benefits derived |
The technology initiatives undertaken by the Company resulted in improved operational |
|
Imported technology |
Not Applicable |
The Company believes that technology,
automation and AI-driven innovation will continue
to remain key strategic enablers for sustainable
growth, operational excellence and customer
experience enhancement across its omnichannel
and international business operations.
The Company shall continue to invest in advanced
manufacturing systems, digital transformation
initiatives, AI-enabled platforms and process
innovation capabilities to strengthen its
competitive positioning and support long-term
value creation.
C. Foreign Exchange Earnings and Outgo
The details of foreign exchange earnings and
outgo during the financial year under review
are as follows:
|
Particulars |
Amount |
|
Foreign Exchange Earnings |
1,445.51 |
|
Foreign Exchange Outgo |
20,133.41 |
24.MANAGEMENT DISCUSSION AND
ANALYSIS REPORT
The Management Discussion and Analysis Report
(âMD&Aâ), as required under Regulation 34 read
with Schedule V of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015,
forms part of this Annual Report and provides,
inter alia, an overview of the industry structure,
business performance, opportunities and threats,
risks and concerns, internal control systems and
outlook of the Company.
25. BUSINESS RESPONSIBILITY AND
SUSTAINABILITY REPORT
In compliance with Regulation 34(2)(f) of
the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Business
Responsibility and Sustainability Report (âBRSRâ)
for the financial year ended March 31, 2026
forms part of this Annual Report.
Further, the Assurance Statement on BRSR Core,
as applicable, issued by M/s Tirkha Consultants
& Advisors LLP, is also included as part of
this Annual Report.
The BRSR reflects the Company''s commitment
towards sustainable and responsible
business practices.
The BRSR is also available on the website
of the Company athttps://www.lenskart.
com/corporate/investorrelations?tab=repo
rts-and-publications.
26. CORPORATE GOVERNANCE
REPORT
The Company is committed to maintaining the
highest standards of corporate governance and
ensuring compliance with the requirements
of corporate governance as prescribed under
the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
A separate report on Corporate Governance,
in accordance with Regulation 34 read with
Schedule V of the SEBI Listing Regulations, forms
part of this Annual Report.
A certificate from the Practising Company
Secretary confirming compliance with the
conditions of corporate governance as stipulated
under the SEBI Listing Regulations, as on
March 31, 2026, is annexed to this Report.
27. PARTICULARS OF EMPLOYEES
The details required under Section 197(12) of
the Act read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014, are annexed to this Report
as Annexure IV. The Statement containing the
particulars of ten employees and particulars of
employees as required under Rule 5(2) and (3) of
the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, including
amendment thereto, is provided in the Annexure
forming part of this Report.
Further, the Report and Accounts are being
sent to the shareholders excluding the aforesaid
Annexure. In terms of the second proviso to
Section 136(1) of the Act, any Member interested
in obtaining the copy of the same may write
to the Company Secretary at compliance.
[email protected].
28. RELATED PARTYTRANSACTIONS
During the financial year under review, there
are no materially significant Related Party
Transactions made by the Company with
Promoters, Directors or Key Managerial
Personnel which may have a potential conflict
with the interests of the Company at large.
All Related Party Transactions are placed before
the Audit Committee for approval of Independent
Directors of the Company and the Board for
approval, wherever necessary.
The Policy on Related Party Transactions as
approved by the Board is uploaded on the
Company''s website and can be accessed
athttps://www.lenskart.com/corporate/
investorrelations?tab=governance.
All transactions with related parties
are in accordance with the RPT Policy.
Further, during the year under review, all Related
Party Transactions that were entered into were
in the Ordinary Course of Business and at Arms''
Length Basis. All transactions entered into with
related parties were approved by the Audit
Committee in line with regulatory requirements.
Accordingly, the disclosure of related party
transactions as required under Section 134(3)
(h) of the Act in Form AOC-2 is not applicable to
the Company for the Financial Year 2025-26 and
hence does not form part of this report.
29. POLICY ON PREVENTION,
PROHIBITION AND REDRESSAL
OF SEXUAL HARASSMENT AT
WORKPLACE
The Company has zero tolerance for sexual
harassment at the workplace and has adopted a
gender neutral policy on Prevention, Prohibition
and Redressal of Sexual Harassment at the
Workplace, with the objective of providing a
safe working environment, where employees
feel secure. The Company has complied with
the provisions relating to the constitution of the
Internal Complaints Committee (âICC'') as per
the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal)
Act, 2013 (âPOSH'').
The Company periodically conducts sensitization
sessions for employees across the organization
to build awareness about the POSH Policy and
the provisions of the POSH. During the financial
year under review, the ICC did not receive any
POSH complaint.
30. PARTICULARS OF LOANS,
INVESTMENTS AND GUARANTEES
The particulars of loans given, investments
made, guarantees given and securities provided
as per Section 186 of the Act by the Company
are disclosed in Note No. 5 and 6 of the
Standalone Financial Statements forming part of
this Annual Report.
31. DOWNSTREAM INVESTMENT
I n accordance with the provisions of Rule 23 of
the Foreign Exchange Management (Non-Debt
Instruments) Rules, 2019, the Company has
complied with the applicable requirements
in respect of downstream investments made
through its subsidiaries. The Company is in the
process of taking annual certification from the
Statutory Auditors to confirm compliance with
the aforesaid provisions.
The annual certificate from the Statutory Auditors
confirming compliance with the aforesaid
provisions is under process.
32. DEPOSITS
During the financial year under review, the
Company has not accepted any deposits from
the public in terms of the Act. Further, no amount
on account of principal or interest on deposits
from the public was outstanding as on the date
of the Balance Sheet.
33. ANNUAL RETURN
The Annual Return of the Company for financial
year 2025-26 in Form MGT-7 pursuant to the
provisions of the Act and rules made thereunder,
is available on the website of the Company at
https://www.lenskart.com/corporate/investorrel
ations?tab=reports-and-publications.
34.SIGNIFICANT AND MATERIAL
ORDERS PASSED BY REGULATORS
OR COURTS
There are no significant or material orders
passed, during the financial year under review,
by the regulators or courts or tribunals impacting
the going concern status and the Company''s
operations in future.
35. MATERNITY BENEFIT
The Company has a Parental Leave Policy
extended to both male and female employees
which is in compliance with the Maternity Benefit
Act 1961. This policy reflects our belief in shared
parenting and our commitment to creating an
inclusive workplace. To further assist working
parents, we offer creche facilities or tie ups with
day care facilities, ensuring peace of mind and a
better work-life balance.
36. COMPLIANCE WITH SECRETARIAL
STANDARDS
The Company has complied with the Secretarial
Standards issued by the Institute of Company
Secretaries of India from time to time on Meetings
of the Board of Directors and General Meetings.
37. EMPLOYEES STOCK OPTION
SCHEMES
The Company recognises employee stock options
as an effective tool to attract, retain and reward
talent and to align the interests of employees
with the long-term growth of the Company.
In accordance with the provisions of Section
62(1)(b) of the Companies Act, 2013 read with
the applicable rules made thereunder and the
Securities and Exchange Board of India (Share
Based Employee Benefits and Sweat Equity)
Regulations, 2021 (âSEBI SBEB & SE Regulationsâ),
the Company has implemented the following
employee stock option schemes:
a. Lenskart Employee Stock Option Plan, 2021
b. Lenskart Employee Stock Option Plan, 2025
to grant the stock options, in the form of Options,
to the employees of the Company.
The aforesaid schemes are administered by
the Nomination and Remuneration Committee
(âNRCâ) in accordance with the applicable laws
and the approvals granted by the shareholders
of the Company.
The schemes are in compliance with the SEBI
SBEB & SE Regulations. The disclosures as
required under the SEBI SBEB & SE Regulations
are available on the website of the Company
athttps://www.lenskart.com/corporate/
investorrelations?tab=governance.
During the financial year under review, the
Company has obtained in-principle approvals
from the Stock Exchanges in relation to the
Lenskart Employee Stock Option Plan, 2021,
for allotment of equity shares against the
vested stock options.
A certificate from the Secretarial Auditor of the
Company confirming that the schemes have
been implemented in accordance with the
SEBI SBEB & SE Regulations shall be available
for inspection by the Members at the ensuing
Annual General Meeting.
The disclosures as required under Section 62 of
the Companies Act, 2013 read with Rule 12(9) of
the Companies (Share Capital and Debentures)
Rules, 2014 are provided in Annexure V to this
Report. Further, the disclosures as required under
Regulation 14 of the SEBI (Share Based Employee
Benefits and Sweat Equity) Regulations, 2021
read with Part F of Schedule I thereof are available
on the website of the Company.
During the financial year under review,
the Company did not undertake any
transaction relating to:
⢠Issue of sweat equity shares, or equity
shares with differential rights as to dividend,
voting or otherwise;
⢠Any Scheme to fund its employees to
purchase the shares of the Company;
⢠Buy back of shares of the Company;
⢠Pendency of any proceedings under the
Insolvency and Bankruptcy Code, 2016;
⢠Maintaining Cost Records in accordance with
Section 148(1) of the Act read with the rules
made thereunder due to non-applicability;
⢠There are no instances of one-time settlement
and the valuation done while taking loan
from banks or financial institutions.
During the financial year under review, the
Company and its group entities received various
recognitions across leadership, brand excellence,
customer service and marketing initiatives.
Mr. Peyush Bansal, Co-Founder and Chief
Executive Officer of the Company, was conferred
the âEntrepreneur of the Yearâ award at the
Forbes India Leadership Awards 2026 (FILA
2026). He has also previously been recognised
with the âEntrepreneur of the Yearâ award at
The Economic Times Awards for Corporate
Excellence and the âInnovator of the Yearâ award
at NDTV Indian of the Year.
OWN DAYS (Thailand) Co., Ltd., a subsidiary of
the Company, was awarded the âSuperbrands
Thailand 2025â status by Superbrands, an
internationally recognised independent
authority on branding.
An employee of the OWNDAYS Taiwan store at
ATT 4 Fun, Taipei, received the âService Vanguard
Awardâ at the Taiwan Service Industry Grand
Evaluation 2025, organised by China Times
Industrial and Commercial Times, in recognition
of frontline service excellence.
Further, the Company was awarded the 2nd
Prize for âBest Fashion Influencer Campaignâ
at the Thailand Influencer Awards 2025
organised by Tellscore.
Our people - the LensTribe - are central to
our mission of enabling clear vision for people
across the globe. We believe that an engaged,
empowered, and diverse workforce is a source
of enduring competitive advantage, and human
capital development remains a board-level
strategic priority embedded at the heart of our
long-term growth agenda.
Our people''s philosophy is anchored in three
pillars: attract, build, and retain. We have cultivated
a distinctive employer brand that stands for
purposeful work, intellectual challenge, and the
opportunity to grow within an omnichannel,
technology-led business redefining the global
eyewear industry. We invest in structured
learning journeys - encompassing functional
skills development, leadership acceleration, and
mentorship - to ensure our workforce remains
future-ready. We offer a differentiated total
rewards proposition, anchored by an Employee
Stock Option Plan (ESOP) framework that enables
meaningful equity participation across the
Lenskart group, fostering a culture of long-term
commitment and shared purpose.
We are committed to building an inclusive
workplace where every voice is heard and every
individual has a genuine opportunity to grow.
The Company has in place all requisite policies
- including the Prevention of Sexual Harassment
(POSH) Policy, an Employee Grievance Redressal
Mechanism, and a Code of Conduct applicable
to all directors, officers, and employees - in full
compliance with applicable laws. As we scale
globally, our LensTribe continues to be the
foundation of everything we build.
ACKNOWLEDGEMENTS
Your Directors acknowledge with gratitude the co-operation and assistance received from the Central
Government, State Governments and all other Government agencies and encouragement they have extended
to the Company. Your Directors also thank the shareholders, Financial Institutions, Banks/ other lenders
Customers, Vendors and other stakeholders for their confidence in the Company and its management and look
forward to their continuous support.
The Board wishes to place on record its appreciation for the dedication and commitment of your Company''s
employees at all levels which has continued to be our major strength.
For and on behalf of Board of Directors
For Lenskart Solutions Limited
Peyush Bansal Neha Bansal
Date: May 20, 2026 Chairman, Managing Director, and CEO Executive Director
Place: New Delhi DIN: 02070081 DIN: 02057007
Continuous improvement measures
aimed at maximising water recovery
across manufacturing locations.
Mar 31, 2025
Your Directors take pleasure in presenting the 17th Annual Report on the business and operations of Lenskart
Solutions Private Limited (the âCompanyâ) together with the Audited Annual Standalone and Consolidated
Financial Statements and the Auditorsâ Report thereon for the year ended 31st March, 2025.
FINANCIAL RESULTS
The highlights of the Companyâs financial performance, for the year ended 31 March 2025 is summarized below:
(All amounts are in INR Million unless otherwise stated)
|
Standalone |
Consolidated |
|||
|
Year ended 31 |
Year ended |
Year ended |
Year ended |
|
|
Revenue from Operations |
40,392.43 |
31,866.31 |
66,525.17 |
54,277.03 |
|
Other Income |
1,862.83 |
1,898.21 |
3567.59 |
1,821.69 |
|
Total Income |
42,255.26 |
33,764.52 |
70,092.76 |
56,098.72 |
|
Total Expenditure |
39,739.76 |
31,849.39 |
66194.78 |
55,495.94 |
|
Tax Expense |
634.78 |
474.70 |
880.16 |
691.85 |
|
Profit for the Year |
1,880.72 |
1,440.43 |
2,973.40 |
(101.54) |
|
Other comprehensive |
(5.71) |
(13.07) |
(173.44) |
(203.83) |
|
Total comprehensive |
1,875.01 |
1,427.36 |
2,799.96 |
(305.37) |
|
Earnings per share (face |
||||
|
Basic earnings per share |
1.12 |
0.88 |
1.77 |
(0.11) |
|
Diluted earnings per share |
1.12 |
0.11 |
1.76 |
(0.11) |
In the Financial Year 2024-25 the Company has earned the profit of INR 1,880.72 Million as compared to profit
of INR 1,440.43 Million in the previous year as per Standalone Financials and there are profits of INR
2,973.40Million as compared to loss of INR 101.54 Million in the previous year as per Consolidated Financials.
INDIAN ACCOUNTING STANDARDS
The financial statements of the Company for the financial year ended 31 March 2025 have been prepared in
accordance with the applicable Indian Accounting Standards (IND-AS) and the corresponding figures for the
previous year for financial year ended 31 March 2024.
REVIEW OF OPERATION AND STATE OF COMPANYâS AFFAIRS
During the year under review, the Company earned Net Revenue of INR 37,951.27 Million from Sale of Goods
and Services and INR 836.64 million from Sale of Services. Other operating revenue from lease income
amounting to INR 1,432.63 Million others amounting to INR 171.89 million. Apart from above, the Company
also earned other income equivalent to INR 1862.83Million pertaining to Interest Income, Interest on income tax
refund, Management Support Service fee and Grant Income. The Company earned the total comprehensive
income for the year under review has been INR 1875.01Million as against the profit of INR 1,427.37 Million
during the previous financial year. The entire business growth comes out of Companyâs consistent efforts of
increasing the franchisee footprint during the financial year. The Company is continuously looking for avenues
for future growth by expanding its footprint through a wider franchisee network and creating brand awareness
through aggressive media campaigns.
SHARE CAPITAL
As on 31 March 2025, the Authorized Capital was Rs. 3,48,39,90,000/- (Rupees Three Hundred Forty Eight crore
Thirty Nine lakh Ninety Thousand Only) divided into 78,22,00,000 (Seventy Eight Crore Twenty Two Lakh only)
Equity Shares of Rs. 2/- (Rupees Two only) each, 15,000 (Fifteen Thousand only) Equity Shares - Series A of
Rs. 2/- (Rupees Two only) each, 40,000 (Forty Thousand only) Equity Shares - Series B of Rs. 2/- (Rupees Two
only) each, 95,20,000 (Ninety Five Lakh Twenty Thousand only) 0.001% Compulsorily Convertible Cumulative
Preference Shares - Series A of Rs. 2/- (Rupees Two only) each, 96,70,000 (Ninety Six Lakh Seventy Thousand
only) 0.001% Compulsorily Convertible Cumulative Preference Shares - Series B of Rs. 2/- (Rupees Two only)
each, 30,000 (Thirty Thousand only) 0.001% Compulsorily Convertible Cumulative Preference Shares - Series
C2 of Rs. 2/- (Rupees Two only) each, 1,21,50,000 (One crore Twenty One Lakh Fifty Thousand Only) 0.001%
Compulsorily Convertible Cumulative Preference Shares - Series D of Rs. 2/- (Rupees Two only) each,38,20,000
(Thirty Eight Lakh Twenty Thousand only) 0.001% Compulsorily Convertible Cumulative Preference Shares-
Series E of Rs. 2/- (Rupees Two only) each, 1,20,00,000 (One Crore Twenty Lakh only) 0.001% Compulsorily
Convertible Cumulative Preference Shares - Series F of Rs. 2/- (Rupees Two only) each, 6,00,00,000 (Six Crore
only) 0.001% Compulsorily Convertible Non-Cumulative Preference Shares - Class 1 of Rs. 2/- (Rupees Two
only) each, 2,30,00,000 (Two Crore Thirty Lakh only) 0.001% Compulsorily Convertible Cumulative Preference
Shares - Series G of Rs. 2/- (Rupees Two only) each, 1,00,00,000 (One Crore only) 0.001% Compulsorily
Convertible Cumulative Preference Shares - Series H of Rs. 2/- (Rupees Two only) each, 6,00,000 (Six Lakhs
only) 0.001% Compulsorily Convertible Non-Cumulative Preference Shares- Class 2 of Rs. 10/- (Rupees Ten
only) each, 93,50,000 (Ninety Three Lakh Fifty Thousand only) 0.001% Compulsorily Convertible Cumulative
Preference Shares - Series I of Rs. 2/- (Rupees Two only) each, 65,00,000 (Sixty Five Lakh only) 0.001%
Compulsorily Convertible Cumulative Preference Shares - Series I1 of Rs. 2/- (Rupees Two only) each and
80,00,00,000 (Eighty crore only) 0.001% Compulsorily Convertible Cumulative Preference Shares - Series I2 of
Rs. 2/- (Rupees Two only) each and 7,00,000 (Seven Lakh) 0.001% Compulsorily Convertible Cumulative
Preference Shares Class 3 of Rs. 2/- (Rupees two only) each.
As on 31 March 2025, the issued, subscribed capital of the Company was INR 3,21,43,43,468 (Indian Rupees
Three Hundred Twenty One Lakh Forty Three Lakh Four Hundred Sixty Eighty only) divided into 77,16,85,020
(Seventy Seven Crore Sixteen Lakh Eighty Five Thousand Twenty) Equity shares of Rs. 2/- each and 83,32,23,582
(Eighty Three Crores Thirty Two Lakhs Twenty Three Thousand Five Hundred Eighty Two) Preference shares
of Rs. 2/- and Rs. 10/- each and the paid up capital of the Company was INR 13,21,43,43,468 (Indian Rupees
Three Hundred Twenty One Lakh Forty Three Lakh Four Hundred Sixty Eighty only) divided into 77,16,79,486
(Seventy Seven Crore Sixteen Lakh Seventy Nine Thousand Four Hundred Eighty Six only) Equity Shares of Rs.
2/- (Rupees Two only) each, 1,410 (One Thousand Four Hundred Ten only) Equity Shares - Series A of Rs. 2/-
(Rupees Two only) each, 4,124 (Four Thousand One Hundred Twenty Four only) Equity Shares - Series B of Rs.
2/- (Rupees Two only) each, 73,78,505 (Seventy Three Lakh Seventy Eight Thousand Five Hundred and Five
only) 0.001% Compulsorily Convertible Cumulative Preference Shares - Series A of Rs. 2/- (Rupees Two only)
each, 96,65,660 (Ninety Six Lakh Sixty Five Thousand Six Hundred Sixty only) 0.001% Compulsorily
Convertible Cumulative Preference Shares - Series B of Rs. 2/- (Rupees Two only) each, 93,75,488 (Ninety Three
Lakh Seventy Five Thousand Four Hundred Eighty Eight Only) 0.001% Compulsorily Convertible Cumulative
Preference Shares - Series D of Rs. 2/- (Rupees Two only) each, 38,11,068 (Thirty Eight Lakh Eleven Thousand
Sixty Eight Only) 0.001% Compulsorily Convertible Cumulative Preference Shares - Series E of Rs. 2/- (Rupees
Two only) each, 61,43,623 (Sixty One Lakh Forty Three Thousand Six Hundred Twenty Three only) 0.001%
Compulsorily Convertible Cumulative Preference Shares - Series F of Rs. 2/- (Rupees Two only) each,
2,29,76,465 (Two crore Twenty Nine lakh Seventy Six Thousand Four hundred sixty five only) 0.001%
Compulsorily Convertible Cumulative Preference Shares - Series G of Rs. 2/- (Rupees Two only) each, 54,67,911
(Fifty Four Lakh Sixty Seven Thousand Nine Hundred Eleven) 0.001% Compulsorily Convertible Non¬
Cumulative Preference Shares - Series H of Rs. 2/- (Rupees Two only) each, 66,50,933 (Sixty Six Lakhs Fifty
Thousand Nine Hundred Thirty Three) 0.001% Compulsorily Convertible cumulative Preference Shares-Series I
of Rs. 2/- (Rupees Two only) each, 47,37,419 (Forty Seven Lakh Thirty Seven Thousand Four hundred Nineteen
only) 0.001% Compulsorily Convertible cumulative Preference Shares-Series I1 of Rs. 2/- each, 74,67,86,003
(Seventy Four Crore Sixty Seven Lakh Eighty Six Thousand Three only) 0.001% Compulsorily Convertible
cumulative Preference Shares-Series I2 of Rs. 2/- each, 89,68,849 (Eighty Nine lakh Sixty Eight Thousand Eight
Hundred Forty Nine Only) 0.001% Compulsorily Convertible Non-Cumulative Preference Shares - Class 1 of
Rs. 2/- (Rupees Two only) each and 5,65,783 (Five Lakh Sixty Five Thousand Seven Hundred Eighty Three)
0.001% Compulsorily Convertible Non- Cumulative Preference Shares - Class 2 of Rs. 10/- (Rupees Ten only)
each and 6,95,875 (Six Lakh Ninety Five Thousand Eight Hundred Seventy Five only) 0.001% Compulsorily
Convertible Non-Cumulative Preference Shares - Class 3 of Rs. 2/- (Rupees Two only) each.
ALLOTMENT BY THE COMPANY
During the year, the Company had issued and allotted 6,95,875 0.001% Compulsorily Convertible Non¬
Cumulative Preference Shares - Class 3 of Rs. 2/- (Rupees Two only) each to the founders of the Company. The
Company has also allotted shares pursuant to exercise of Employee Stock Option Plan to the employees of the
Company twice in the year. Initial 17,600 equity shares were allotted on 12th September, 2024 in lieu of exercise
of ESOP and secondly 5,82,780 shares were allotted on 18th December, 2024 in lieu of exercise of ESOP. In
addition, the Company had also issued and allotted Bonus common equity shares to all the equity shareholders of
the Company in the ratio of 1:9 on 16th October, 2024 amounting to 69,39,92,016 equity shares.
SUBSIDIARY COMPANIES
As on 31 March 2025, the Company has six wholly-owned subsidiaries i.e. Lenskart Eyetech Private Limited,
incorporated on 2nd day of July, 2015, Lenskart Solutions Pte. Ltd, incorporated in Singapore on 4th day of
September, 2018, Lenskart Foundation, incorporated on 9th December, 2020, NESO Brands Pte. Ltd, incorporated
in Singapore on 12th November, 2021, Tango IT Solutions India Private Limited, incorporated on 21st June, 2017
and Dealskart Online Services Private Limited, incorporated on 8th September 2011.
Lenskart Solutions Pte. Ltd, Singapore owns following companies i.e. Step-down subsidiaries located in different
countries, whose names have been provided below:
1. Lenskart Solutions Company Limited, Vietnam;
2. Lenskart Solutions FZCO, Dubai (UAE)
3. Lenskart Solutions Inc., Delaware (USA)
4. Lenskart Solutions SDN BHD (Malaysia)
5. Lenskart Optical Trading LLC, Dubai (UAE)
6. PT Lenskart Solutions (Indonesia)
7. MLO K.K. (Japan)
8. Lenskart Arabia Limited, KSA
Further below are the step-down subsidiary companies of MLO K.K.
1. Owndays Inc.
2. Owndays Singapore Pte. Ltd.
3. Owndays Co., Ltd
4. Owndays Taiwan Ltd
5. Owndays Downunder Pty Ltd
6. Owndays Hong Kong Limited
7. Owndays Tech & Media (Thailand) Co., Ltd
8. Owndays Malaysia Sdn. Bhd.
9. Owndays (Thailand) Co., Ltd.
Lenskart Solutions Pte. Ltd, Singapore also holds voting rights/ shares in Lenskart Solution and Thai Eyewear,
these have been incorporated in the Bangkok, Thailand named as Lenskart Solutions (Thailand) Company Limited
and Thai Eyewear Company Limited. These entities have been set up to expand the business in the global markets.
During the FY 2024-25, the Company has acquired 100% in Dealskart Online Services Private Limited (DOSPL)
by purchasing the shares from the existing shareholders.
During the year, the Company has received 175 Compulsorily Convertible Preference Shares at a price of Rs.
85,717.35 per share of Adloid Technologies Private Limited in lieu of advisory services. The Company has also
invested in 137 Compulsorily Convertible Preference Shares at a price of Rs. 194,610 per share of Wehear
Innovations Pvt. Ltd. The Company has also invested 50% in Visionsure Services Private Limited and classified
as investment in Associate and Joint Venture.
NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARIES, JOINT
VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR
During the Financial Year 2024-25, the Company has invested in 100% shares/ voting rights of Dealskart Online
Services Private Limited thereby making it its wholly-owned subsidiary Company. The Company has also
invested in Visionsure Services Private Limited thereby making it its Joint Venture/ Associate Company.
CONSOLIDATED FINANCIAL STATEMENTS
In terms of Rule 8 (1) of the Companies (Accounts) Rules, 2014, this Board Report has been prepared on the basis
of Standalone Financial Statements of the Company for FY 2024-25.
In compliance with provisions of Section 129 (3) of the Companies Act, 2013 (âthe Actâ) read with Companies
(Accounts) Rules, 2014, the Company has prepared Consolidated Financial Statements as per the Accounting
Standards on Consolidated Financial Statements issued by the Institute of Chartered Accountants of India. The
Audited Consolidated Financial Statements along with the Auditors'' Report thereon form part of this Annual
Report. Further, a statement containing salient features of the financial statements of the subsidiary companies is
disclosed separately as âAnnexure Aâ in Form AOC-1 and forms part of this Annual Report.
The Shareholders interested in obtaining a copy of the audited annual accounts of the subsidiary companies may
write to the Company Secretary at the Companyâs registered office.
REPORT ON PERFORMANCE & FINANCIAL POSITION OF THE SUBSIDIARIES
In terms of Rule 8(1) of the Companies (Accounts) Rules, 2014, the highlights on performance and financial
position of the Companyâs subsidiary (included in the consolidated financial statement for FY 2023-2024) are as
follows:
Lenskart Eyetech Private Limited: Lenskart Eyetech Private Limited was incorporated on 2nd July, 2015 and
has its registered office at W-123, Greater Kailash, Part-II, New Delhi 110048.
During the Financial Year 2024-25, Lenskart Eyetech Private Limited (LEPL) has earned a revenue of INR 258.24
million and other income of INR 1.54 million from the continued operation and has reported no other
comprehensive income, thereby making a total comprehensive income of INR 13.33 Million.
Lenskart Foundation: Lenskart Foundation was incorporated on 9th December, 2020 as a non-profit
organization under section 8 of the Companies Act, 2013 and has its registered office at Apartment No- 04(904),
9th Floor, Royale, Retreat I, Charmwood Village, Suraj Kund, Faridabad, Faridabad, Haryana, India, 121009.
During the Financial Year 2024-25, Lenskart Foundation has earned revenue of INR 15.24 Million. It has reported
loss of INR 1.017 Million from continued operation and has reported no other comprehensive income, thereby
making a total comprehensive expense of INR 1.03 Million.
Tango IT Solutions India Private Limited: Tango IT Solutions India Private Limited (âTangoâ) was
incorporated on 21st June, 2017 and has its registered office at Cheran Illam, 1330, Thadagam Road, R S Puram,
Kovai 2, Coimbatore 641002. Tango became subsidiary Company during the previous year.
During the Financial Year 2024-25, Tango has earned revenue of INR 84.33 Million. It has reported loss of INR
29.36 Million from continued operation and has reported no other comprehensive income, thereby making a total
comprehensive loss of INR 29.36 Million.
Dealskart Online Services Private Limited: Dealskart Online Services Private Limited (âDealskartâ) was
incorporated on 8th September, 2011 and has its registered office at H.No. 339A/8, Mehta Chowk, Near Juhi Clinic
Dadawadi Jain Mandir Road, South West Delhi, Mehrauli, Delhi, India, 110030. Dealskart became subsidiary
Company during the current year.
During the Financial Year 2024-25, Dealskart has earned revenue of INR 13,457.96 Million. It has reported profit
of INR 86.32 Million from continued operation and has reported a loss of INR 3.60 million from other
comprehensive income, thereby making a total comprehensive income of INR 82.72 Million.
Lenskart Solutions Pte. Limited: Lenskart Solutions Pte. Limited was incorporated on 4th September, 2018 in
the Republic of Singapore.
During the Financial Year 2024-25, Lenskart Solutions Pte. Limited (LSPL) has earned revenue of SGD
3,00,46,932 from sale of goods & services. It has reported a loss of SGD 98,27,771 as compared to the loss of
previous year of SGD 1,75,65,045 and NIL comprehensive income thereby making a total comprehensive loss of
SGD 98,27,771.
Neso Brands Pte. Ltd.: Neso Brands Pte. Ltd. was incorporated on 12th November,2021.
During the Financial Year 2024-25, Neso Brands Pte. Ltd. has earned revenue of Nil from sale of goods and other
income of SGD 2,05,87,445. It has reported a loss of SGD 3,50,98,333 and SGD 47,37,747 as comprehensive
loss thereby making a total comprehensive Loss of SGD 3,98,36,080.
Lenskart Optical Trading LLC: Lenskart Optical Trading LLC was incorporated on 27th September,2021 in
the United Arab Emirates.
During the Financial Year 2024-25, Lenskart Optical Trading LLC has earned revenue of AED 3,62,78,845 from
sale of goods. It has reported a loss of AED 1,97,85,815 and NIL comprehensive income thereby making a total
comprehensive loss of AED 1,97,85,815.
Lenskart Solutions FZCO: Lenskart Solutions FZCO was incorporated on 7th July,2021 in the United Arab
Emirates.
During the Financial Year 2024-25, Lenskart Solutions FZCO has earned revenue of Nil from sale of goods. It
has reported a loss of INR 4,653 thereby making a total comprehensive loss of INR 61,760.
Lenskart Solutions INC: Lenskart Solutions INC was incorporated on 18th May,2021 in the United States.
During the Financial Year 2024-25, Lenskart Solutions INC has earned NIL revenue from sale of goods and INR
1,61,77,279 from other income. It has reported a loss of INR 87,71,604 and INR 26,92,380 from comprehensive
losses thereby making a total comprehensive loss of INR 1,14,63,984.
PT Lenskart Solutions Indonesia: PT Lenskart Solutions Indonesia was incorporated on 20th August, 2021 in
the Republic of Indonesia
During the Financial Year 2024-25, PT Lenskart Solutions Indonesia has earned revenue of INR 1,43,72,916 from
sale of goods and other income of INR 30,67,160. It has reported a loss of INR 85,87,171.
Lenskart Solutions Sdn. Bhd.: Lenskart Solutions Sdn. Bhd. was incorporated on 28th June,2021
During the Financial Year 2024-25, Lenskart Solutions Sdn. Bhd. has earned revenue of Nil from sale of goods
and other income of INR 2,57,582. It has reported a profit of INR 12,08,434.
Lenskart Solutions Company Limited.: Lenskart Solutions Company Limited was incorporated on 27th
August,2021.
During the Financial Year 2024-25, Lenskart Solutions Company Limited has earned revenue of Nil from sale of
goods and INR 48,715 from other income. It has reported a profit of INR 1,36,973.
MLO K.K.: MLO K.K was incorporated on 27th November, 2013.
During the Financial Year 2024-25, MLO K.K. has earned revenue of Nil from sale of goods and Nil from other
income. It has reported a loss of INR 1.73 million.
Lenskart Arabia Limited, KSA: Lenskart Arabia Limited, KSA was incorporated on 22nd March, 2023.
During the Financial Year 2024-25, Lenskart Arabia has earned revenue of INR 337.66 million from sale of goods
and INR 1.03 million from other income. It has reported a loss of INR 495.98 million.
DIVIDEND AND TRANSFER TO RESERVES
The Board does not recommend dividend for the financial year ended 31 March 2025. No amount is being
transferred to the reserves.
BOARD OF DIRECTORS
The Company has a professional Board with right mix of knowledge, skills and expertise with an optimum
combination of executive and non-executive Directors including one-woman Director. The Board provides
strategic guidance and direction to the Company in achieving its business objectives and protecting the interest of
the stakeholders.
Mr. Bijou Kurien (DIN - 01802995), was appointed as Additional Independent Director on the Board of the
Company with effect from 14th January, 2025 and thereafter regularised as Independent Director by shareholders
of the Company at their meeting held on 10th March, 2025. The Shareholders of the Company also re-appointed
Mr. Jayesh Tulsidas Merchant (DIN- 00555052) as Independent Director of the Company. As at 31 March, 2025,
the Board of Directors comprised of the following:
|
S.NO. |
FULL NAME |
DIN |
DESIGNATION |
|
1. |
Mr. Peyush Bansal |
02070081 |
Director |
|
2. |
Ms. Neha Bansal |
02057007 |
Director |
|
3. |
Mr. Haresh Balani Pribhu |
10090589 |
Nominee Director |
|
4. |
Mr. Jayesh Tulsidas Merchant |
00555052 |
Independent Director |
|
5. |
Mr. Anant Gupta |
06946611 |
Director |
|
6. |
Mr. Sumer Juneja |
08343545 |
Nominee Director |
|
7. |
Mr. Sarthak Misra |
03399650 |
Alternate Director |
|
8. |
Mr. Bijou Kurien |
01802995 |
Independent Director |
POLICY ON DIRECTORSâ APPOINTMENT AND REMUNERATION
The Nomination & Remuneration Policy adopted by the Board on the recommendation of NRC enumerates the
criteria for assessment and appointment/re-appointment of Directors, KMP and SMP on the basis of their
qualifications, knowledge, skill, industrial orientation, independence, professional and functional expertise among
other parameters with no bias on the grounds of ethnicity, nationality, gender or race or any other such
discriminatory factor. The Policy also sets out the guiding principles for the compensation to be paid to the
Directors, KMP and SMP; and undertakes effective implementation of Board familiarisation, diversity, evaluation
and succession planning for cohesive leadership management. Company ensures compliance with the Policy in
true letter and spirit.
MEETINGS OF THE BOARD
The Board meets at regular intervals to discuss and decide on Company / business policy and strategy apart from
other Board businesses. A tentative annual calendar of the Board Meetings is circulated to the Directors in advance
to facilitate them to plan their schedule and to ensure meaningful participation in the meetings. However, in case
of a special and urgent business need, the Boardâs approval is taken by way of Board Meeting through shorter
notice or by passing resolutions through circulation, as permitted by law, which are confirmed in the subsequent
Board meeting.
The notice of Board meeting is given well in advance to all the Directors. Usually, meetings of the Board are held
in its headquarters situated in Gurgaon, Haryana. The Agenda for the Board meetings including detailed notes on
the items to be discussed at the meeting are circulated in advance to enable the Directors to take an informed
decision.
During the year under review, the Board met seven times viz., on 17th May, 2024, 24th June, 2025, 4th July, 2024,
26th September, 2024, 16th October, 2024, 14th January, 2025 and 18th March, 2025. The maximum interval
between any two meetings did not exceed 120 days.
The details of the number of meetings of the Board attended by the Directors are given below:
Attendance of Directors for the year ended 31st March, 2025:
|
Name of Director |
No. of meetings attended |
|
Mr. Peyush Bansal |
07 |
|
Ms. Neha Bansal |
07 |
|
Mr. Haresh Palani Pribhu |
07 |
|
Mr. Jayesh Tulsidas Merchant |
07 |
|
Mr. Anant Gupta |
05 |
|
Mr. Sumer Juneja |
01 |
|
Mr. Sarthak Misra |
03 |
|
Mr. Bijou Kurien |
01 |
COMMITTEES OF THE BOARD
The Board of Directors of the Company has re-constituted the composition of existing sub-committees with terms
of references determined by the Board:
Audit Committee: As on 31st March, 2025, the Committee comprises of Mr. Jayesh Tulsidas Merchant
(Independent Director), Mr. Haresh Balani Pribhu (Nominee Director), Mr. Anant Gupta (Director), Mr. Sumer
Juneja (Nominee Director), Mr. Peyush Bansal (Director) and Ms. Neha Bansal (Director) as members of the
Committee.
Further, the Committee also comprises of Mr. T.C. Meenakshi Sundaram, (Authorized Representative of Chiratae
Trust), Mr. Nikhil Singh (Chief of Internal Audit), Mr. Chetan Juthani (Authorized Representative of Unilazer
Alternative Ventures LLP) and Mr. Amit Chaudhary (COO of the Company) as permanent invitees to the
Committee.
The composition, role and terms of reference of the Audit Committee are in compliance with the Section 177 of
the Companies Act, 2013 and the Charter as approved by the Board of Directors of the Company, from time to
time.
During the year, the Committee met 6 times on 28th May, 2024, 4th July, 2024, 16th October, 2024, 14th November,
2024, 10th December, 2024 and 13th January, 2025.
Remuneration Committee: As on 31st March, 2025, the Committee comprises of Mr. Jayesh Tulsidas Merchant
(Independent Director), Mr. Haresh Balani Pribhu (Nominee Director), Mr. Anant Gupta (Director), Mr. Sumer
Juneja (Nominee Director), Mr. Peyush Bansal (Director) and Ms. Neha Bansal (Director) as members of the
Committee.
Further, the Committee also comprises of, Mr. Vishesh Shrivastav (Authorized Representative of Macritchie
Investments Pte. Ltd.), Mr. Utsav Mitra (Authorized Representative of Alpha Wave Ventures, LP) and CHRO of
the Company as permanent invitees to the Committee.
The composition, role and terms of reference of the Remuneration Committee are in compliance with the
provisions of the Companies Act, 2013 and the Charter as approved by the Board of Directors of the Company,
from time to time.
During the year, the Committee met twice on 28th May, 2024 and 13th January, 2025.
Corporate Social Responsibility Committee: As on 31st March, 2025, the Committee comprises of Mr. Jayesh
Tulsidas Merchant (Independent Director), Mr. Haresh Balani Pribhu (Nominee Director), Mr. Anant Gupta
(Director), Mr. Sumer Juneja (Nominee Director), Mr. Peyush Bansal (Director) and Ms. Neha Bansal (Director)
as members of the Committee.
Further, the Committee also comprises of Mr. Lavanya Chandan (General Counsel), Ms. Mukti Hariharan (CFO
of the Company), and Ms. Nidhi Mittal Bansal (Chairperson of Lenskart Foundation) as permanent invitees to the
Committee.
The composition, role and terms of reference of the Corporate Social Responsibility Committee are in compliance
with the provisions of the Companies Act, 2013 and the Charter as approved by the Board of Directors of the
Company, from time to time.
Risk Management Committee: As on 31st March, 2025, the Committee comprises of Mr. Jayesh Tulsidas
Merchant (Independent Director), Mr. Haresh Balani Pribhu (Nominee Director), Mr. Anant Gupta (Director),
Mr. Sumer Juneja (Nominee Director), Mr. Peyush Bansal (Director) and Ms. Neha Bansal (Director) as members
of the Committee.
Further, the Committee also comprises of Ms. Mukti Hariharan (CFO of the Company), Mr. Nikhil Singh (Chief
of Internal Audit), Mr. Amit Chaudhary (COO of the Company), Mr. Ramneek Khurana (Co-founder), Mr.
Ashwani Agarwal (Head-Supply Chain Management) as permanent invitees to the Committee.
The composition, role and terms of reference of the Risk Management Committee are in compliance with the
provisions of the Companies Act, 2013 and the Charter as approved by the Board of Directors of the Company,
from time to time.
DIRECTORSâ RESPONSIBILITY STATEMENT
As per Section 134(5) of the Companies Act, 2013, your Directors confirm that:
i. In the preparation of annual accounts, the applicable accounting standards had been followed, along with
proper explanation relating to material departures.
ii. The Directors had selected such accounting policies and applied them consistently and made judgments
and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of
the Company at the end of the financial year and of the profit or loss of the Company for that period.
iii. The Directors had taken proper and sufficient care for the maintenance of adequate accounting records
in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company
and for preventing and detecting fraud and other irregularities.
iv. The Directors had prepared the annual accounts on a going concern basis.
v. The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws
and that such systems were adequate and operating effectively.
AUDITORS & THEIR REPORT
STATUTORY AUDITORS
M/s. S.R Batliboi & Associates LLP, Chartered Accountants, were re-appointed as the Statutory Auditors of the
Company in the 16th Annual General Meeting (âAGMâ) for a period of five financial years and has conducted
audit for the Financial Year ended on 31 March 2025.
The Auditorsâ Report has been enclosed with the financial statements in this Annual Report. The Notes on
Financial Statements referred to in the Auditorsâ Report are self-explanatory and do not call for any further
comments. The Auditorsâ Report doesnât contain any qualification, reservation or adverse opinion.
Further during the FY 2024-25, the Auditors have not reported any fraud, which are committed against the
Company by officers or employees of the Company.
INTERNAL AUDITORS
The Company has appointed M/s Pricewaterhouse Coopers (PwC) Pvt Ltd. as Internal Auditors of the Company.
The findings of internal audit were reported to Audit Committee from time-to-time.
SECRETARIAL AUDITORS
M/s. Laur & Associates, Practicing Company Secretaries had been appointed by the Board to conduct the
secretarial audit of the Company for FY 2024-25.
The Company had received a certificate confirming their eligibility and consent to act as the Auditors. The
Secretarial Audit Report for FY 2024-25 forms part of this report and attached as âAnnexure Eâ and confirms that
the Company has complied with the provisions of the Act, Rules, Regulations and Guidelines and that there were
no deviations or non-compliances.
INTERNAL FINANCIAL CONTROLS & ITS ADEQUACY
The Company has in place adequate internal financial controls commensurate with its size and nature of business
which helps in ensuring the orderly and efficient conduct of its business. During the year under review, such
controls were tested and no reportable material weakness in the design or operation were observed.
RISK MANAGEMENT FRAMEWORK
The Company has an existing Risk management committee which was formed during the FY 24-25. The
Committee has responsibility for oversight of the Companyâs risk profile and risk management framework and
metrics. The Committee is also responsible for preparation of Risk Register and present the same to the Committee
at least twice a year.
The Company also has appropriate risk management policy in place for identification and assessment of risks,
measures to mitigate them, and mechanisms for their proper and timely monitoring. The Company reviews
implementation and monitoring of the risk management plan.
The Company has a control processes in place to help ensure that the information presented to senior management
and the Board is both accurate and timely. The control processes include, among other things:
⢠Annual audit and interim review by the Companyâs external auditor;
⢠Planned review by internal auditors reviewing the effectiveness of internal processes, procedures and
controls;
⢠Monthly review of financial performance compared to budget and forecast.
The Company has also made appropriate disclosures of its financial risk management policies and impact of
following risks in Note 39 of its financial statements:
⢠Credit Risk
⢠Market Risk
⢠Price Risk
⢠Liquidity Risk
WHISTLE BLOWER POLICY
The Company has established a vigil mechanism by adopting a Whistle Blower Policy for its employees to report
genuine concerns in the prescribed manner. The vigil mechanism provides adequate safeguards against
victimization of its employees. Whistle Blower Policy is a mechanism to address any complaint(s) related to
fraudulent transactions or reporting intentional non-compliance with the Companyâs policies and procedures and
any other questionable accounting/operational process followed. It provides a mechanism for employees to
approach the CEO/COO of the Company. A whistle blower can also raise his/ her concerns by writing through
the [email protected] or fill the online form at www.whistlefirst.com/lenskart. The investigations
relating to the concern is required to be carried out by/ or under the instruction of the whistle blower committee
comprising of senior members of the company. Any allegations that fall within the scope of the concerns identified
are investigated and resolved appropriately. During the year, no such incidence was reported and no personnel
were denied access to the Chairperson of the Company.
The updated Whistle-blower policy will be approved by the Board of Directors in which complaints mechanism
has been amended.
CONTRACTS AND ARRANGEMENT WITH THE RELATED PARTIES
All contracts or arrangements entered into by your Company with its related parties during the financial year were
in accordance with the provisions of the Companies Act, 2013.
Accordingly, the disclosure of Related Party Transactions as required in terms of Section 134 of the Act read with
Rule 8 of the Companies (Accounts) Rules, 2014 in Form AOC -2 is annexed as Annexure-B.
CORPORATE SOCIAL RESPONSIBILITY
The brief outline of the Corporate Social Responsibility (''CSR'') Policy of the Company and the initiatives
undertaken by the Company on CSR activities during the year in the format prescribed in the Companies (''CSR
Policy'') Rules, 2014 are set out in âAnnexure Câ of this Report.
PARTICULAR OF LOANS GIVEN, INVESTMENT MADE, GUARANTEE GIVEN AND SECURITIES
PROVIDED
Particulars of loans given, investments made, guarantees given and securities provided along with the purpose for
which the loan or guarantee or security is proposed to be utilized by the recipient are provided in the notes to the
standalone financial statement.
During the FY 2024-25, the Company has acquired 100% in Dealskart Online Services Private Limited (DOSPL)
by purchasing the shares from the existing shareholders.
During the year, the Company has received 175 Compulsorily Convertible Preference Shares at a price of Rs.
85,717.35 per share of Adloid Technologies Private Limited in lieu of advisory services. The Company has also
invested in 137 Compulsorily Convertible Preference Shares at a price of Rs. 194,610 per share of Wehear
Innovations Pvt. Ltd. The Company has also invested 50% in Visionsure Services Private Limited and classified
as investment in Associate and Joint Venture.
DEPOSITS
During the year under review, your Company has not invited or accepted any deposits from the public and,
therefore, no amount of principal or interest was outstanding in respect of deposits from the Public as of the date
of Balance Sheet.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013
The Company has always believed in providing a safe and harassment free workplace for every individual working
in the Company through various interventions and practices. The Company always endeavors to create and
provide an environment that is free from discrimination and harassment including sexual harassment.
The Company has in place a robust policy on prevention of sexual harassment at workplace. The policy aims at
prevention of harassment of employees and lays down the guidelines for identification, reporting and prevention
of sexual harassment. There is an Internal Complaints Committee (ICC) which is responsible for redressal of
complaints related to sexual harassment and follows the guidelines provided in the policy.
During the year ended 31 March, 2025, the ICC has received two complaints pertaining to sexual harassment,
both of them were resolved during the year and no complaint is pending as on date.
MAINTENANCE OF COST RECORDS AS SPECIFIED BY THE CENTRAL GOVERNMENT UNDER
SUB-SECTION (1) OF SECTION 148 OF THE COMPANIES ACT, 2013
Not Applicable on the Company.
APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND
BANKRUPTCY CODE, 2016
Not Applicable on the Company.
THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME
OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE
BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF
Not Applicable on the Company.
EMPLOYEES STOCK OPTIONS PLAN - 2021
The growth and performance of your Company is highly dependent on the hard work, dedication and commitment
of its employees. In order to attract, retain and motivate its employees to create value for the Company and reward
them through sharing the benefits of value so created and enjoy the fruits of the phenomenal growth that the
Company foresees in the coming years, your Company implemented Employee stock option plan in 2012 known
as âVALYOO ESOP 2012â. The main objective of the said Scheme is to give to such employees, who are
performing well, an opportunity to participate and gain from the Companyâs performance, thereby acting as a
retention tool as well as to attract talent. However, the aforesaid Plan was amended vide approval of shareholders
in general meeting held on 22nd June, 2016, to align with the new rules of Companies Act, 2013 and the Plan was
also renamed as âLENSKART ESOP POLICY 2016â. During the year 2021-22, ESOP Plan was amended further
vide approval of shareholders in general meeting held on 27th September, 2021 and renamed as âLENSKART
ESOP POLICY 2021â
Details of the shares issued under Employee Stock Option Plan (ESOP), as also the disclosures in compliance
with Section 62 of Companies Act, 2013 and Rule 12(9) of Companies (Share Capital and Debentures) Rules,
2014 are set out in âAnnexure Dâ.
As of March 31, 2025, 10,797,430 stock options are outstanding under the aforesaid Employees Stock Plan.
STATUTORY DISCLOSURE UNDER SECTION 134(3) READ WITH RULE 8 OF THE COMPANIES
(ACCOUNTS) RULE, 2014
Except as disclosed elsewhere in the Financial Statements of FY 2024-25, there have been no material changes
and commitments, which can affect the financial position of the Company between the end of financial year and
the date of the report.
A STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SECTION
149 (6)
The provisions of appointment of Independent Directors are not applicable on the Company.
But the Company has designated Mr. Jayesh Tulsidas Merchant as the Independent Director of the Company, who
also serves as the Chairman of Audit Committee. He has given declaration under Section 149(7) of the Act, that
he meets the criteria of independence.
Mr. Bijou Kurien was appointed as Independent Director on the Board of the Company. He also has given
declaration under Section 149(7) of the Act, that he meets the criteria of independence.
STATUTORY DISCLOSURE UNDER RULE 5 OF THE COMPANIES (APPOINTMENT AND
REMUNERATION OF MANAGERIAL PERSONNNEL) RULES, 2014
As per the requirement of Rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel)
Rules, 2014, information relating to employees who were in receipt of remuneration for FY 2024-25, which in
aggregate, was not less than Rupees One crore and Two lakh and employees who were in receipt of remuneration
for a part of FY 2024-25, at a rate, which in the aggregate, was not less than Rupees Eight Lakh & Fifty Thousand
per month, shall be made available to any shareholder on a specific request made by him in writing before the
date of such Annual General Meeting wherein financial statements for the relevant financial year are proposed to
be adopted by shareholders and such particulars shall be made available by the Company within three days from
the date of receipt of such request from shareholders.
Further, in case of request received even after the date of completion of Annual General Meeting, such particulars
shall be made available to the shareholders within seven days from the date of receipt of such request.
SECRETARIAL STANDARDS
The Company has devised proper systems to ensure compliance with the provisions of all applicable Secretarial
Standards issued by the Institute of Company Secretaries of India and that such systems are adequate and operating
effectively.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
Information required as per sub rule 3 of Rule 8 of the Companies (Accounts) Rules, 2014, regarding conservation
of energy, technology absorption have not been furnished considering the nature of activities undertaken by the
Company during the year under review. Foreign exchange earnings and outgo are as follows:
EXPENDITURE IN FOREIGN CURRENCY (IN INR)
|
Particulars |
For the year ended 31st |
For the year ended 31st |
|
Marketing |
1,35,38,395 |
88,73,148 |
|
Software |
25,08,08,391 |
19,61,00,972 |
|
Web Hosting |
1,54,22,579 |
|
|
Legal & Professional Fees |
61,41,318 |
5,12,59,662 |
|
Others |
||
|
Total |
27,04,88,104 |
27,16,56,361 |
GENERAL
Your Directors state that no disclosure or reporting is required in respect of the following items as there were no
transactions on these items during the year under review:
1. Issue of equity shares with differential rights as to dividend, voting or otherwise.
2. Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and
except ESOP referred to in this Report.
3. Neither the Managing Director nor the Whole-time Directors of the Company receive any remuneration
or commission from any of its subsidiaries.
4. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the
going concern status and Companyâs operations in future.
5. There has been no change in the nature of business and business activity during the year.
ACKNOWLEDGEMENTS
Your Directors acknowledge with gratitude the co-operation and assistance received from the Central
Government, State Governments and all other Government agencies and encouragement they have extended to
the Company.
Your Directors also thank the shareholders, Financial Institutions, Banks/ other lenders Customers, Vendors and
other stakeholders for their confidence in the Company and its management and look forward for their continuous
support.
The Board wishes to place on record its appreciation for the dedication and commitment of your Companyâs
employees at all levels which has continued to be our major strength.
For and on behalf of the Board For and on behalf of the Board
(#% O /y
|(WDrtha|l y/
Director Director ''
(Peyush Bansal) (Neha Bansal)
DIN : 02070081 DIN : 02057007
Place : New Delhi
Date: 21.05.2025
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ഓഹരി വിപണിയിൽ വൻ കുതിപ്പ്: സെൻസെക്സും നിഫ്റ്റിയും കുതിച്ചുയരുന്നു, നിക്ഷേപകർക്ക് വൻ നേട്ടം -
വിപണിയിൽ വൻ ചാഞ്ചാട്ടം; ഐടി ഓഹരികളുടെ കുതിപ്പിനിടെ നിക്ഷേപകർ ഉറ്റുനോക്കുന്ന ആ നിർണ്ണായക തീരുമാനം ഇതാ! -
കോൾ ഇന്ത്യ സെറ്റിൽമെന്റും വാഹന വിൽപന കണക്കുകളും; നിഫ്റ്റിയിൽ ഇന്ന് വൻ മാറ്റങ്ങൾക്ക് സാധ്യതയോ? -
വെള്ളിയാഴ്ചത്തെ വിപണി തകർച്ച: നിക്ഷേപകരുടെ പണം ഒലിച്ചുപോയോ? സെൻസെക്സ് വീഴ്ചയ്ക്ക് പിന്നിലെ ഞെട്ടിക്കുന്ന കാരണങ്ങൾ ഇതാ! -
സെൻസെക്സ് ഇടിവ് തുടരുമോ? തിങ്കളാഴ്ച വിപണിയിൽ വൻ മാറ്റങ്ങൾക്ക് സാധ്യത, നിക്ഷേപകർ ശ്രദ്ധിക്കേണ്ട കാര്യങ്ങൾ ഇതാ! -
സെൻസെക്സും നിഫ്റ്റിയും കുതിക്കുന്നു; ഓഹരി വിപണിയിലെ ഈ വമ്പൻ മുന്നേറ്റത്തിന് പിന്നിലെ യഥാർത്ഥ കാരണം ഇതാണ്! -
മൺസൂൺ കാറ്റിൽ വിപണി കുതിക്കുമോ? നിക്ഷേപകർ ശ്രദ്ധിക്കേണ്ട നിർണ്ണായക മാറ്റങ്ങളും ഐപിഒ അവസരങ്ങളും ഇതാ! -
വിപണിയിൽ വൻ കുതിപ്പ്; സെൻസെക്സും നിഫ്റ്റിയും റെക്കോർഡ് ഉയരത്തിലേക്ക്, നിക്ഷേപകർക്ക് ഇനി എന്ത് സംഭവിക്കും? -
ഓഹരി വിപണിയിൽ കടുത്ത ചാഞ്ചാട്ടം; നിക്ഷേപകർക്ക് ആശങ്കയോ അതോ അവസരമോ? സെൻസെക്സ് നൽകുന്ന സൂചനകൾ ഇതാ! -
വിപണിയിൽ വൻ തകർച്ച; നിക്ഷേപകരെ ഞെട്ടിച്ച് സെൻസെക്സും നിഫ്റ്റിയും കൂപ്പുകുത്തിയതെങ്ങനെ? -
വിപണിയിൽ തളർച്ച, പക്ഷേ ഓട്ടോ ഓഹരികളിൽ വൻ കുതിപ്പ്; നിക്ഷേപകർക്ക് ഇനി എന്ത് സംഭവിക്കും? -
മെയ് 8: വിപണിയിൽ കുതിപ്പിന് സാധ്യതയോ? നിക്ഷേപകർ ശ്രദ്ധിക്കേണ്ട നിർണ്ണായക ഘടകങ്ങൾ ഇതാ! -
വിപണിയിൽ കനത്ത ഇടിവ്; നിക്ഷേപകരെ ആശങ്കയിലാക്കി സെൻസെക്സും നിഫ്റ്റിയും കൂപ്പുകുത്തി -
വിപണിയിൽ കാളക്കൂറ്റന്മാരുടെ തിരിച്ചുവരവ്; നിഫ്റ്റിയും സെൻസെക്സും കുതിച്ചുയർന്നത് എങ്ങനെ? -
വിപണിയിൽ വൻ കുതിപ്പിന് കളമൊരുങ്ങുന്നു; ഈ ഓഹരികൾ ശ്രദ്ധിക്കാതെ പോകരുത്! -
തിങ്കളാഴ്ച വിപണിയിൽ എന്ത് സംഭവിക്കും? നിക്ഷേപകരെ കാത്തിരിക്കുന്നത് വൻ അട്ടിമറികളോ?
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