Lenskart Solutions’ JV incorporates step-down subsidiary

Lenskart Solutions’ joint venture (JV)-- Baofeng Framekart Technology (BFT) has incorporated step-down subsidiary of the company under the name ‘Wenzhou Framekart Trade Co.’ on August 14, 2026. The company has received the Certificate of Incorporation in respect thereof on August 17, 2026.

The entity will undertake the business of trading, import, export and procurement of spectacle frames and allied optical products, as well as related materials, equipment and technology, as may be required for the business of BFT and its subsidiaries from time to time. Upon incorporation, 95 per cent of the equity interest in Wenzhou Framekart Trade Co is held by BFT.

Lenskart Solutions is a technology-driven eyewear company with integrated operations spanning designing, manufacturing, branding and retailing of eyewear products. It primarily sells prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories, under multiple brands and sub-brands.