BlackBuck revises share encumbrance disclosure under SEBI SAST

1 min read     Updated on 13 Jul 2026, 03:08 PM
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BlackBuck Limited revised its share encumbrance disclosure to BSE and NSE, correcting a previous filing from June 30, 2026. The update specifies that Promoter Ramasubramanian Balasubramaniam pledged 630,000 shares (0.35%) to 360 One Distribution Services Limited for personal borrowing. Other promoters, including Chanakya Hridaya and Rajesh Kumar Naidu Yabaji, reported no encumbrances.

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BlackBuck Limited has submitted a revised disclosure to the stock exchanges regarding the encumbrance of shares by a promoter, complying with Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, submitted on July 13, 2026, corrects a discrepancy identified by BSE Limited in the company's initial submission on June 30, 2026. The updated disclosure now includes the specific reason for the encumbrance and adheres to the latest format mandated by SEBI circulars.

The revision pertains to Ramasubramanian Balasubramaniam, Promoter & Executive Director of black buck . According to the filing, Balasubramaniam created a pledge on 630,000 shares on June 29, 2026. The encumbrance was established in favor of 360 One Distribution Services Limited to facilitate personal borrowing. Following this transaction, the total encumbered shares held by the promoter stand at 630,000, which constitutes 0.35% of the company's total share capital.

The disclosure details the shareholding and encumbrance status of all promoters as of the reporting date. While Balasubramaniam holds a total of 12,612,601 shares, representing 6.94% of the capital, other promoters such as Chanakya Hridaya and Rajesh Kumar Naidu Yabaji hold 7.40% and 10.64% respectively, with no reported encumbrances. The company confirmed that apart from the inclusion of the reason for encumbrance and the format update, there are no other changes to the original disclosure.

Shareholding and Encumbrance Details

Promoter Name Total Shares Held % of Total Share Capital Encumbered Shares % of Total Share Capital Pledgee Reason for Encumbrance
Ramasubramanian Balasubramaniam 12612601 6.94 630000 0.35 360 One Distribution Services Limited Personal Borrowing
Chanakya Hridaya 13454797 7.40 - - - -
Rajesh Kumar Naidu Yabaji 19341146 10.64 - - - -
Rajkumari Yabaji 126951 0.07 - - - -

Historical Stock Returns for Black Buck

1 Day5 Days1 Month6 Months1 Year5 Years
-0.82%+2.66%+4.83%-8.21%+29.03%+120.77%

Could this personal borrowing signal potential financial stress for the promoter, and might other promoters follow suit?

How will the market interpret this encumbrance regarding the promoter's confidence in the company's future performance?

Is there a risk of increased pledge shares if the promoter's personal financial needs grow further?

BlackBuck promoter pledges 0.35% stake to 360 One Distribution

2 min read     Updated on 01 Jul 2026, 04:50 AM
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BlackBuck Limited disclosed that Promoter Ramasubramanian Balasubramaniam pledged 630,000 shares, representing 0.35% of equity, to 360 One Distribution Services Limited on June 29, 2026. The filing under SEBI SAST Regulations confirms no other encumbrance changes among other promoters.

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BlackBuck Limited has reported a new encumbrance of shares by one of its promoters, affecting 0.35% of the company's total equity. Ramasubramanian Balasubramaniam, Promoter and Executive Director, pledged 630,000 shares on June 29, 2026. The shares were pledged in favor of 360 One Distribution Services Limited. This development is significant for shareholders as it indicates a change in the promoter's holding structure, potentially impacting the voting rights and financial leverage of the promoter group.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on June 30, 2026. The filing was made in accordance with Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates the disclosure of any creation, invocation, or release of encumbrance on shares by promoters to ensure transparency for the investing public.

Prior to this transaction, Ramasubramanian Balasubramaniam held a total of 12,612,601 shares, which accounted for 6.94% of the total share capital and 6.84% with respect to the diluted share capital. Following the creation of the pledge, the total number of encumbered shares held by the promoter stands at 630,000, representing 0.35% of the total share capital. The document confirms that no other promoters reported any changes in their encumbrance status during this period.

The filing provides a comprehensive overview of the promoter group's holdings. While Ramasubramanian Balasubramaniam has created a new pledge, other key promoters such as Chanakya Hridaya and Rajesh Kumar Naidu Yabaji, who hold 7.40% and 10.64% of the total share capital respectively, reported no encumbrance activity. The detailed breakdown of the promoter group's shareholding and encumbrance status is outlined in the table below.

Promoter Name Total Shares Held % of Total Share Capital % of Diluted Share Capital Encumbered Shares (Post-Event) % of Encumbered Shares
Ramasubramanian Balasubramaniam 12,612,601 6.94 6.84 630,000 0.35
Chanakya Hridaya 13,454,797 7.40 7.29 - -
Rajesh Kumar Naidu Yabaji 19,341,146 10.64 10.48 - -
Rajkumari Yabaji 126,951 0.07 0.07 - -

The company, formerly known as Zinka Logistics Solutions Limited, has ensured that the disclosure covers all promoters and persons acting in concert (PACs) associated with it. The report confirms that the total share capital figures used for the calculations are based on the latest filing done by the company under Clause 35 of the Listing Agreement. The diluted share capital considers the full conversion of outstanding convertible securities and warrants into equity shares.

Historical Stock Returns for Black Buck

1 Day5 Days1 Month6 Months1 Year5 Years
-0.82%+2.66%+4.83%-8.21%+29.03%+120.77%

What specific purpose will the funds raised from this share pledge be utilized for by the promoter?

Does this pledge signal a potential shift in the promoter's personal financial leverage or future divestment plans?

How might this encumbrance impact BlackBuck's corporate governance perception among institutional investors?

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