BlackBuck Limited , formerly known as Zinka Logistics Solutions Limited, has disclosed the strike-off of its non-material wholly owned subsidiary, ZZ Logistics Solutions Private Limited (ZZLSPL), effective May 11, 2026. The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strike-Off of Subsidiary

The Ministry of Corporate Affairs struck off the name of ZZLSPL on an application filed by ZZLSPL itself. As a result, ZZLSPL ceased to exist as a wholly owned subsidiary of BlackBuck Limited with effect from May 11, 2026. The company clarified that the disposal was carried out by way of strike-off and was not applicable to any sale consideration.

Financial Profile of ZZLSPL

As required under Regulation 30 of the Listing Regulations, read with SEBI Circular bearing reference number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, BlackBuck Limited provided the following disclosures regarding ZZLSPL's financial standing:

ZZLSPL had no business operations since its incorporation and did not contribute any turnover, revenue, income, or net worth to BlackBuck Limited during the last financial year.

Regulatory Compliance

The disclosure was signed by Barun Pandey, Company Secretary and Compliance Officer of BlackBuck Limited (Membership No. A39508), and submitted on May 11, 2026. The company noted that the above information would also be made available on its website at www.blackbuck.com . BlackBuck Limited is registered at Vaswani Presidio, No. 84/2, II Floor, Panathur Main Road, Off Outer Ring Road, Bangalore – 560103, Karnataka, India, with CIN: L63030KA2015PLC079894.

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.