Zinka Logistics Solutions Ltd

Black Buck Ltd announced that its appeal against an adjudication order dated February 24, 2025, has been dismissed by the Joint Commissioner of Commercial Taxes (Appeals)-4, Bengaluru. The original order confirmed a demand of ₹22,42,28,783/- for the tax period April 2020 to March 2021, relating to erroneously availed Input Tax Credit (ITC) under IGST, CGST, and KGST, along with applicable interest and penalty. The company's appeal, filed against the disallowance of ITC on grounds including non-disclosure in annual returns and non-compliance with Section 16(2)(c) of the CGST/KGST Act, was upheld. The total confirmed demand comprises tax of ₹10,01,02,136/-, interest of ₹11,41,16,435/-, and penalty of ₹1,00,10,212/-.

Black Buck Ltd announced that its Nomination and Remuneration Committee has approved the grant of stock options equivalent to 50,308 equity shares under the BlackBuck Limited Employee Stock Option Scheme 2016. These options are convertible into fully paid-up equity shares with a face value of ₹1 each. The exercise price is ₹1 per equity share, with a vesting schedule of 25% over 4 years. The scheme also outlines provisions for various employee scenarios like death, resignation, and termination. Shares allotted upon exercise will not be subject to a lock-in period.

BlackBuck Limited (formerly Zinka Logistics Solutions Limited) has confirmed no deviation or variation in the utilization of its Initial Public Offering (IPO) proceeds for the quarter ended June 30, 2026. The company stated that funds raised were utilized as per the objects outlined in the prospectus dated November 18, 2024. The statement, reviewed by the Audit Committee, confirms adherence to the planned use of funds for sales and marketing, investment in its NBFC subsidiary, product development, and general corporate purposes. The disclosure will be hosted on the company's website.

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.

BlackBuck Limited (formerly Zinka Logistics Solutions Limited) announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the classification of BlackBuck Finserve Private Limited (BBFS) as a Material Subsidiary due to its networth exceeding 10% of the consolidated networth. Additionally, the resignation of Company Secretary and Compliance Officer, Barun Pandey, was withdrawn, and he will continue in his role. The company also announced its 11th Annual General Meeting (AGM) on September 18, 2026, to discuss financial statements, director re-appointment, share capital re-classification, and ESOP schemes.

BlackBuck Limited (formerly Zinka Logistics Solutions Limited) announced the outcome of its Board Meeting held on July 29, 2026. The Board approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the Limited Review Report. Additionally, BlackBuck Finserve Private Limited (BBFS) has been classified as a Material Subsidiary, as its networth exceeded 10% of the consolidated networth for the financial year ended March 31, 2026. The resignation of Company Secretary and Compliance Officer, Barun Pandey, was withdrawn, and he will continue in his role. The 11th Annual General Meeting is scheduled for September 18, 2026, to discuss financial statements, director re-appointment, share capital re-classification, and ESOP schemes.

Black Buck Ltd announced that the Income Tax Department has dropped penalty proceedings initiated under Section 270A of the Income-tax Act, 1961 for AY 2018-19. This follows the deletion of the underlying addition related to ESOP expenditure of ₹10,30,00,000/- by the CIT(A)/NFAC. Consequently, the penalty has been determined at NIL. The company stated that this order is favorable and has no adverse financial impact. The details were provided in compliance with SEBI (LODR) Regulations, 2015.

Black Buck Ltd has announced that its Board of Directors will convene on July 29, 2026. The primary agenda item is the consideration and approval of the un-audited financial results, both standalone and consolidated, for the quarter ending June 30, 2026. Additionally, the company confirmed that the trading window for its securities will remain closed from July 1, 2026, until 48 hours after the declaration of these financial results, in compliance with SEBI Listing Regulations and the company's Insider Trading Code.

BlackBuck Limited has submitted a revised disclosure regarding the encumbrance of shares by promoter Ramasubramanian Balasubramaniam, as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This revision addresses discrepancies noted in a previous disclosure dated June 30, 2026, and incorporates the reason for encumbrance and the latest format as per SEBI circulars. The update specifically details a creation of encumbrance (pledge) by Ramasubramanian Balasubramaniam on June 29, 2026, amounting to 630,000 shares, representing 0.35% of the total share capital, in favor of Roncwtug N Services Limited. No other changes were made to the original disclosure.

BlackBuck Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from promoter Ramasubramanian Balasubramaniam. The disclosure pertains to the creation of an encumbrance on 630,000 shares, representing 0.35% of the total share capital, on June 29, 2026. This action is classified as a pledge. The filing also details the promoter's pre-event and post-event shareholding, indicating a total holding of 12,612,601 shares (6.94% pre-event, 6.84% post-event). The filing is a compliance requirement under the Takeover Regulations.