Lenskart Raises Stake in Dimension NXG to 9.01% as Smart Glasses and XR Strategy Expands
Lenskart Solutions Limited has increased its stake in Dimension NXG Private Limited, also known as Ajna, strengthening its strategic exposure to the smart glasses, extended reality (XR), artificial intelligence, and wearable technology ecosystem.
According to the company’s disclosure dated September 13, 2026, Lenskart acquired an additional 1.80% stake in Ajna for ₹79.97 million, taking its aggregate holding in the company to 9.01% of Ajna’s fully diluted share capital.
The latest transaction follows two earlier stake increases during 2026.
Lenskart’s Stake in Ajna Rises to 9.01%
Lenskart initially held a 4.84% stake in Ajna. It subsequently acquired:
- 0.68% additional stake on February 26, 2026
- 1.69% additional stake on July 4, 2026
- 1.80% additional stake in the latest transaction
Together, these acquisitions represent an aggregate increase of 4.17 percentage points, taking Lenskart’s holding from 4.84% to 9.01%.
The company said the latest acquisition was made for a cash consideration of ₹79.97 million.
The disclosure states that the aggregate consideration for the additional 4.17% stake acquired through these transactions is ₹185 million.
Why Ajna Matters to Lenskart
Ajna operates in the smart glasses software application development and augmented reality (AR) and mixed reality (MR) technology space.
Lenskart said the investment is aimed at strengthening its strategic association with the extended reality, artificial intelligence, and smart wearable technology ecosystem.
The company also intends to support technology-led opportunities in the smart eyewear segment.
This makes the transaction strategically relevant beyond a simple financial investment, as Lenskart is increasing its exposure to technologies that could shape the next generation of eyewear products.
Ajna Business and Financial Profile
Dimension NXG Private Limited is an India-based private company incorporated on November 12, 2014.
The company is engaged in the manufacturing, distribution, and sale of augmented reality and mixed reality solutions and products.
Ajna reported the following turnover:
- FY2023-24: ₹159.68 million
- FY2024-25: ₹127.91 million
- FY2025-26: ₹103.64 million
The figures show that Ajna’s reported turnover has declined over the three years, making the strategic technology angle particularly important when assessing Lenskart’s investment.
Related Party Transaction
Ajna is classified as an associate of Lenskart and is therefore considered a related party of the company.
Lenskart stated that the acquisition constitutes a related party transaction and was undertaken in compliance with applicable SEBI Listing Regulations and on an arm’s-length basis.
The disclosure also states that Peyush Bansal, Lenskart’s Promoter and Managing Director, is a Director on the Board of Ajna.
No Specific Regulatory Approval Required
Lenskart stated that no specific governmental or regulatory approval was required for the acquisition.
The transaction was undertaken through cash consideration, rather than a share swap.
Investor Takeaway
The latest stake increase highlights Lenskart’s continued interest in technologies that could complement its core eyewear business.
The move gives Lenskart a larger strategic exposure to:
- Smart glasses
- Augmented reality
- Mixed reality
- Artificial intelligence
- Extended reality
- Smart wearable technology
Increasing its stake to 9.01% also indicates that Lenskart is progressively deepening its relationship with Ajna.
However, investors should also note Ajna’s reported turnover trend, which declined from ₹159.68 million in FY2023-24 to ₹103.64 million in FY2025-26. Therefore, the potential strategic benefits of the investment should be considered separately from Ajna’s recent revenue performance.
For Lenskart investors, the development is primarily relevant as a longer-term technology and smart-eyewear strategy, rather than an immediate earnings catalyst.
Key Details
Company: Lenskart Solutions Limited
Target: Dimension NXG Private Limited (Ajna)
Additional stake acquired: 1.80%
Post-acquisition stake: 9.01%
Latest consideration: ₹79.97 million
Aggregate additional stake acquired in 2026: 4.17%
Aggregate consideration: ₹185 million
Business: AR/MR solutions, smart glasses and related technology
Latest reported turnover: ₹103.64 million in FY2025-26
Nature of consideration: Cash
Related party transaction: Yes, undertaken on an arm’s-length basis
Source: Company disclosure to NSE and BSE dated September 13, 2026.
Disclaimer
This article is based on information disclosed by Lenskart Solutions Limited to the stock exchanges. It is intended for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consult a SEBI-registered investment adviser before making investment decisions.