Lenskart Solutions Limited has announced a disclosure under Regulation 30 of the SEBI Listing Regulations regarding the acquisition of an additional 1.80% stake in Dimension NXG Private Limited (popularly known as Ajna or AjnaLens), an associate entity, for a total cash consideration of INR 79.97 million. Prior to this transaction, Lenskart held a 7.21% shareholding, which has now increased to an aggregate of 9.01% of the fully diluted share capital of Ajna. The target entity operates in the smart glasses software application development and extended reality (XR) space.

Dimension NXG Private Limited is an Indian private company incorporated on November 12, 2014, specializing in manufacturing, distribution, and sales of augmented reality (AR) and mixed reality (MR) solutions. According to the notice, Ajna recorded a turnover of INR 103.64 million for the financial year ended March 31, 2026, compared to INR 127.91 million in FY 24-25 and INR 159.68 million in FY 23-24. This strategic move is aimed at strengthening Lenskart’s association with the XR, artificial intelligence, and smart wearable technology ecosystem. Furthermore, Mr. Peyush Bansal, Promoter and Managing Director of Lenskart, serves as a Director on the Board of Ajna, making the transaction a related party transaction executed on an arm’s length basis.

Lenskart Solutions Limited operates as a prominent omnichannel eyewear retail player, offering a wide array of prescription eyeglasses, sunglasses, and contact lenses through thousands of retail stores and digital platforms. Recent updates from 2025 and 2026 highlight the company’s continuous international expansion, integration of advanced tech like virtual try-ons, and major strategic steps such as its public listing. The company has built robust supply chain networks and operates thousands of touchpoints across India, the Middle East, and Asia (including brands like Owndays). Key corporate developments in 2025 also featured significant milestones like its high-profile stock market debut and ongoing cross-border joint ventures.

During the recently announced quarterly financial results for Q1 FY27, Lenskart Solutions Limited reported robust financial growth. The company posted a net profit of INR 228 crore, registering a notable year-on-year increase of 182.3% compared to INR 61 crore in the corresponding quarter of the previous fiscal year, while revenue from operations rose by 33.6% year-on-year to INR 2,714 crore. Prominent institutional backers and early investors who have supported Lenskart’s growth trajectory over the years include well-known figures and entities like Ronnie Screwvala (Unilazer Ventures), TPG, SoftBank Vision Fund, and Chiratae Ventures.