BlackBuck Ltd IPO Proceeds Utilization Report Filed

BlackBuck Limited (formerly Zinka Logistics Solutions Limited) has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by ICRA Limited, confirms that the utilization of proceeds from the company's Initial Public Offer (IPO) is in line with the objects of the issue, with no deviation reported. The IPO, which closed on November 18, 2024, raised INR 550 Crore in gross proceeds. Issue-related expenses were finalized at INR 26.684 Crore, which are being utilized as part of general corporate purposes. The report is in compliance with SEBI regulations.