BlackBuck Limited has completed the allotment of 99,793 equity shares under its Employee Stock Option Schemes and announced the grant of fresh stock options to eligible employees. The Nomination and Remuneration Committee of the Board of Directors approved these decisions through circular resolution on April 23, 2026.

Share Allotment Details

The company allotted a total of 99,793 equity shares having a face value of Re. 1/- each as fully paid-up shares to identified employees under two ESOP schemes:

Impact on Share Capital

Following the allotment, the company's financial structure has been updated significantly. The issued, subscribed and paid-up equity share capital increased from Rs. 18,17,96,612/- to Rs. 18,18,96,405/-. The exercise price per share was set at Re. 1/- with no premium charged.

Fresh Stock Option Grant

In addition to the share allotment, the Committee granted stock options equivalent to 66,667 equity shares under BlackBuck Limited Employee Stock Option Scheme 2019 to eligible employees. These options carry an exercise price of ₹ 1/- per equity share.

The vesting schedule for the new options is structured at 25% over 4 years. Each stock option in ESOP 2019 is convertible into one fully paid up equity share having face value of ₹1 each. The scheme includes provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, retirement, and abandonment.

Regulatory Compliance

The allotment and grant comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the required statements with stock exchanges, with BSE filing completed on January 10, 2025, and NSE filing on January 11, 2025. All equity shares allotted pursuant to the exercise of stock options will rank pari-passu with existing equity shares of the company, with no lock-in restrictions applicable.

The company has made this intimation available on its website at www.blackbuck.com as per regulatory requirements.

BlackBuck Limited has secured a significant victory in its tax dispute with the Income Tax Department, receiving favorable orders that allow the company to claim substantial Employee Stock Option Plan (ESOP) expenses that were previously disallowed. The orders, received on April 21, 2026, mark a positive development for the logistics technology company in its ongoing tax compliance matters.

Favorable Tax Orders Received

The Deputy Commissioner of Income Tax, Bengaluru, passed orders dated April 20, 2026, giving effect to the appellate orders of the Commissioner of Income Tax (Appeals). These orders specifically address the disallowances pertaining to ESOP expenses that had been contested by the company for two assessment years.

Details of the Tax Orders

The orders represent the culmination of an appellate process where BlackBuck successfully challenged the initial disallowances made by the tax authorities. The Commissioner of Income Tax (Appeals) had ruled in favor of the company, and the recent orders from the Deputy Commissioner implement these favorable appellate decisions.

Financial Impact and Compliance

The company has confirmed that these orders are favorable with no adverse financial impact. The successful resolution of these tax matters strengthens BlackBuck's financial position by validating its treatment of ESOP expenses as legitimate business deductions. The total value of ESOP expenses now allowed across both assessment years amounts to over ₹106 crore.

Regulatory Disclosure Requirements

BlackBuck has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations, providing comprehensive details about the tax orders to both the National Stock Exchange and BSE Limited. The company has also made this information available on its website at www.blackbuck.com , ensuring transparency with all stakeholders.

The successful resolution of these tax disputes demonstrates BlackBuck's robust compliance framework and its ability to effectively manage regulatory challenges. The orders validate the company's position on ESOP expense treatment and provide clarity for future tax planning and compliance activities.