BlackBuck Limited has announced the resignation of Ms. Shilpi Pandey from her position as Chief People Officer, a senior management personnel role. The resignation becomes effective January 20, 2026, marking a significant change in the company's leadership structure.

Resignation Details

Ms. Pandey submitted her resignation citing personal commitments and her decision to pursue other interests outside the organization. The company has confirmed that she will be relieved from her duties at the close of business hours on January 20, 2026.

Regulatory Compliance

BlackBuck Limited has notified both the National Stock Exchange of India and BSE Limited about this senior management change in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required documentation, including the resignation letter and detailed disclosures as mandated by regulatory authorities.

The notification was signed by Barun Pandey, Company Secretary and Compliance Officer, ensuring proper adherence to applicable provisions of SEBI regulations. The company has requested the stock exchanges to take this information on record as compliance with the relevant regulatory requirements.

Company Information

BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, operates in the logistics sector and is listed on both NSE and BSE. The company's registered office is located at Vaswani Presidio, Panathur Main Road, Off Outer Ring Road, Bangalore, Karnataka. The resignation represents a change in the senior management team as defined under Regulation 16(1)(d) of the Listing Regulations.

Morgan Stanley has maintained its 'Equal-weight' rating on Black Buck , setting a price target of ₹653 for the logistics company. The rating reflects the investment bank's neutral stance on the stock, indicating that the shares are considered fairly valued at current market levels.

Analyst Rating Details

The Equal-weight rating suggests that Morgan Stanley views BlackBuck as a stock that is likely to perform in line with the broader market or sector average. This neutral positioning indicates that while the analysts see no significant downside risks, they also don't anticipate substantial outperformance in the near term.

Market Implications

The ₹653 price target provides investors with Morgan Stanley's assessment of BlackBuck's fair value based on their analysis of the company's fundamentals and market conditions. This target serves as a benchmark for investors evaluating the stock's potential returns and helps in making informed investment decisions.

The Equal-weight rating typically indicates that analysts expect the stock to deliver returns that are roughly in line with the market average, making it suitable for investors seeking steady, market-matching performance rather than aggressive growth or value plays.