BlackBuck Limited has paid an aggregate penalty of ₹1,00,000 following two orders from the Office of the Additional Commissioner of Commercial Taxes (Enforcement), South Zone, Karnataka. The orders, dated June 1, 2026 and received on June 17, 2026, penalize the company for procedural observations regarding the issuance of tax invoices and the submission of information under the GST Acts. The company confirmed that the payment has been made to the appropriate authorities and that the orders do not have a material impact on its financial, operational, or other activities.

The penalties were levied under the provisions of the Karnataka Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017. The first order relates to an alleged failure to issue tax invoices for certain transactions during Assessment Year 2023-24. The second order concerns an alleged failure to furnish information and documents sought by the authorities during proceedings for Assessment Year 2025-26.

Details of the Penalty

The tax authority imposed a penalty of ₹50,000 under each order, comprising ₹25,000 each under the CGST Act and KGST Act. The specific sections cited include Section 122(1)(i) and Section 125 for the non-issuance of invoices, and Section 122(1)(xvii) for the non-submission of documents.

Compliance and Impact

BlackBuck Limited stated that the information provided in the disclosure is in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that the penalties were paid immediately upon receipt of the orders. In its filing, the logistics firm emphasized that these procedural lapses and the subsequent financial penalty do not have a material impact on its operations or financial health.

BlackBuck Limited's Company Secretary, Compliance Officer and Head Legal, Barun Pandey, has resigned to pursue an alternate career opportunity outside the organization. He will be relieved from his duties with effect from the close of business hours on July 31, 2026. The company has submitted the necessary disclosures to the National Stock Exchange of India Ltd. and BSE Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation was intimated to the stock exchanges via a filing dated May 28, 2026. The company confirmed that the resignation has been accepted and that Mr. Pandey will serve his notice period until the effective date of relief. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, regarding changes in key managerial personnel.

Details of Resignation

The following table outlines the particulars of the change in key managerial personnel as per the regulatory filing:

BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, confirmed that there is no other reason for the resignation apart from the one stated. The company has requested the exchanges to take the intimation on record. The resignation letter and detailed reasons have been enclosed with the regulatory submission.