LENSKART2026-10-17LENSKART2026-10-17ActionsTakenOrOrdersPassedDomain1LENSKART2026-10-17ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain1LENSKART2026-10-17SignatoriesDomain1iso4217:INRxbrli:pureLENSKARTLenskart Solutions Limited544600NOTLISTEDINE956O01016NewAction(s) taken or orders passed (sub-para 20)false2026-10-1615:35:002026-10-17Imposition of fine or penaltyRegulatory AuthorityOffice of the Principal Commissioner of Customs, Air Cargo Complex, IGI Airport, New Delhi1Listed Entity (Self)Lenskart Solutions LimitedMailThe Company has received an Order-in-Original dated September 18, 2026, concerning the classification of certain imported optical eye-frames with clip-on under the Customs Tariff Act, 1975. The order confirms a demand towards differential customs duty and imposes a penalty, along with applicable interest, in respect of the relevant Bills of Entry. The demand comprises customs duty of ₹6,58,91,195/-, penalty of ₹6,58,34,665/- and interest as applicable under the relevant provisions, which has not been quantified in the order. The total quantifiable demand towards duty and penalty is ₹13,17,25,860/-, excluding interest. The amounts are subject to reconciliation with the operative portion of the order.2026-10-15The proceedings relate to the classification of imported optical eyeframes with clip-on under the Customs Tariff Act, 1975. The Company classified the said product under eyeframe category vide HSN 9003. The authority has rejected such classification reclassifying under HSN 9004 and determined the applicable differential customs duty, interest and penalty in respect of the relevant Bills of Entry.Not ApplicableThe demand under the order amounts to ₹13,17,25,860/- towards customs duty and penalty, excluding interest, which has not been quantified in the order. The Company has classified the product based on product’s nature, value composition, functionality and applicable provisions under Customs Tariff Act including the General Rules of Interpretation and duly supported by the legal opinion. Based on legal opinion by the Company, accordingly, it intends to challenge the order before the appropriate appellate authority and expects a favourable outcome. This order has no material impact on operations of the Company. The Company has already disclosed this matter as a contingent liability in the audited financial statements for the year ended March 2026.The proceedings relate to the classification of imported optical eyeframes with clip-on under the Customs Tariff Act, 1975. The Company classified the said product under eyeframe category vide HSN 9003. The authority has rejected such classification reclassifying under HSN 9004 and determined the applicable differential customs duty, interest and penalty in respect of the relevant Bills of Entry65834665The Customs Authority has imposed a penalty of ₹6,58,24,689/- and confirmed the demand for differential customs duty along with applicable interest, as specified in the order.Not ApplicableThe Company intends to challenge the order before the appropriate appellate authority in accordance with applicable law and expects a favourable outcome.The applicable interest has not been quantified in the order. The matter has already been disclosed as a contingent liability in the audited financial statements for the year ended March 2026.Ashish Kumar SrivastavaCompany Secretary and Chief Compliance Officer2026-10-17New Delhi