BlackBuck Limited Allots 1,24,263 Equity Shares Under Employee Stock Option Plans

1 min read     Updated on 23 Mar 2026, 11:29 PM
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AI Summary

BlackBuck Limited allotted 1,24,263 equity shares under ESOP 2016 and ESOP 2019 schemes on March 23, 2026. The shares, with face value Re. 1/- each, increased the company's paid-up share capital to Rs. 18,17,96,612/-. The allotment was approved by the Nomination and Remuneration Committee and complies with SEBI regulations.

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BlackBuck Limited has announced the allotment of 1,24,263 equity shares to its employees under two Employee Stock Option Plans (ESOPs). The allotment was approved by the company's Nomination and Remuneration Committee on March 23, 2026, through a circular resolution, marking another milestone in the company's employee incentive programs.

Share Allotment Details

The equity shares were distributed across two employee stock option schemes operated by the company:

Employee Stock Option Plan Shares Allotted
ESOP 2016 66,059
ESOP 2019 58,204
Total 1,24,263

Each share carries a face value of Re. 1/- and was issued at an exercise price of Re. 1/- with no premium charged to the employees.

Impact on Share Capital

The allotment has resulted in an increase in the company's issued, subscribed and paid-up equity share capital:

Parameter Amount
Previous Share Capital Rs. 18,16,72,349/-
New Share Capital Rs. 18,17,96,612/-
Total Shares Outstanding 18,17,96,612
Distinctive Numbers 181672719 - 181796981

Regulatory Compliance

The allotment was conducted in accordance with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company had previously filed the required statements with stock exchanges, with BSE filing completed on January 10, 2025, and NSE filing on January 11, 2025.

Share Characteristics

The newly allotted equity shares possess the following features:

  • ISIN Number: INE0UIZ01018
  • Par Value: Re. 1/- per equity share
  • Issue Date: March 23, 2026
  • Lock-in Period: Not applicable
  • Ranking: Pari-passu with existing equity shares

The shares are identical in all respects to the company's existing equity shares and carry the same rights and privileges. BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, is listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited, trading under the symbol BLACKBUCK with scrip code 544288.

Corporate Information

The intimation was signed by Barun Pandey, Company Secretary and Compliance Officer, and the disclosure has been made available on the company's website at www.blackbuck.com . The company's registered office is located at Vaswani Presidio, Panathur Main Road, Off Outer Ring Road, Bangalore, Karnataka.

Historical Stock Returns for Black Buck

1 Day5 Days1 Month6 Months1 Year5 Years
-0.62%-1.39%-2.07%-4.01%+41.09%+125.92%

Will BlackBuck expand its ESOP programs further in 2026 to attract and retain talent in the competitive logistics technology sector?

How might this equity dilution impact BlackBuck's earnings per share and overall valuation in the upcoming quarters?

Could this employee stock allocation signal BlackBuck's preparation for major business expansion or strategic initiatives in the logistics market?

BlackBuck Limited Announces Resignation of Chief Product Officer Manish Singh

1 min read     Updated on 23 Mar 2026, 11:04 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

BlackBuck Limited announced the resignation of Chief Product Officer Manish Singh, effective March 31, 2026. Singh cited personal commitments and pursuit of other interests as reasons for leaving. The company has informed stock exchanges in compliance with SEBI regulations, with Singh confirming no other reasons for his departure beyond those stated.

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BlackBuck Limited has announced the resignation of its Chief Product Officer, Mr. Manish Singh, effective March 31, 2026. The company informed the National Stock Exchange of India and BSE Limited about this senior management change in compliance with SEBI regulations.

Resignation Details

Mr. Manish Singh tendered his resignation from the position of Chief Product Officer, citing personal commitments and his decision to pursue other interests outside the organization. The resignation was communicated through an official letter dated March 23, 2026.

Parameter: Details
Name: Mr. Manish Singh
Position: Chief Product Officer
Reason: Personal commitments and pursuit of other interests
Effective Date: March 31, 2026
Employee ID: Z1365

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BlackBuck confirmed that Singh qualifies as Senior Management Personnel as per Regulation 16(1)(d) of the Listing Regulations.

In his resignation letter addressed to Chairman, Managing Director and CEO Rajesh Kumar Naidu Yabaji, Singh confirmed there were no reasons other than those mentioned for his departure. He expressed gratitude to the Board of Directors, management, and colleagues for their support during his tenure.

Company Information

BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, is headquartered in Bangalore, Karnataka. The announcement was signed by Company Secretary and Compliance Officer Barun Pandey, who handles regulatory communications for the logistics technology company.

The resignation represents a change in the senior leadership team as Singh concludes his role overseeing product development and strategy at the company.

Historical Stock Returns for Black Buck

1 Day5 Days1 Month6 Months1 Year5 Years
-0.62%-1.39%-2.07%-4.01%+41.09%+125.92%

Who will BlackBuck appoint as the new Chief Product Officer and what strategic changes might they bring to the company's product roadmap?

How might Singh's departure impact BlackBuck's ongoing product development initiatives and competitive positioning in the logistics technology sector?

Will this leadership change affect BlackBuck's planned technology investments or partnerships in the coming quarters?

More News on Black Buck

1 Year Returns:+41.09%