BlackBuck: No IPO Fund Deviation for Q4 FY26

BlackBuck Limited (formerly Zinka Logistics Solutions Limited) confirmed that there was no deviation or variation in the utilization of proceeds from its IPO for the quarter ended March 31, 2026. The IPO, which raised ₹550.00 Crore (excluding OFS portion) on November 20, 2024, utilized funds as per the objects stated in the prospectus dated November 18, 2024. The statement of deviation/variation was reviewed by the Company's Audit Committee on May 19, 2026, and confirmed by ICRA Limited, the monitoring agency. Funds were allocated for sales and marketing, investment in Blackbuck Finserve Private Limited, product development, and general corporate purposes, with utilization aligning with the original plan.