The notice details the official incorporation of “Wenzhou Framekart Trade Co., Ltd” as a step-down subsidiary of Lenskart Solutions Limited, through its joint venture entity Baofeng Framekart Technology Limited (BFT) in the People’s Republic of China, with the Certificate of Incorporation received on August 17, 2026.

The newly formed step-down subsidiary will engage in the trading, import, export, and procurement of spectacle frames, allied optical products, as well as related materials, equipment, and technology required to support the operations of BFT and its broader network. BFT has subscribed to a 95% equity interest in the entity for a total cash consideration of RMB 1 Million, with no regulatory approvals required for the incorporation process.

Lenskart Solutions Limited operates as a prominent vertically integrated, omnichannel eyewear retailer utilizing a direct-to-consumer (DTC) model that handles everything from in-house design and automated manufacturing to retail distribution. Recent updates highlight the company’s strong performance across its domestic and international retail network, supported by advanced automated manufacturing facilities in India and ongoing supply chain centralisation. Prominent institutional and major backers, alongside co-founder and CEO Peyush Bansal, continue to guide the company’s strategic growth as it scales its retail presence across India, Southeast Asia, and the Middle East.

Financial results for the latest quarters reflect robust operational momentum, with pro forma consolidated net sales reaching ₹6,803.05 Crore in fiscal 2025, supported by a 44% increase in operating profit and an improved operating profit margin of 16.98%. Famous investors and key promoters, including Peyush Bansal, hold significant stakes in the company following its major public listing milestones and ongoing expansion phases.