BSECompany Update28 Sept 2026 · 28 Sept 2026, 03:54 pm
Intimation of investment through Rights Issue in TZF Logistics Solutions Limited, wholly owned subsidiary of the Company.
Black Buck Ltd · 544288
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BlackBuck Ltd has invested ₹21,99,99,956 in its wholly owned subsidiary TZF Logistics Solutions Private Limited through a rights issue, with no change in shareholding percentage.
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Full Announcement
Black Buck Ltd - 544288 - Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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Ref: BLACKBUCK/CORP/2026-27/88
September 28, 2026
To To
National Stock Exchange of India Ltd., BSE Limited
Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Dalal Street
Bandra (E), Mumbai – 400 051 Mumbai – 400001
Scrip Code: 544288, Scrip Symbol: BLACKBUCK, Series – EQ
ISIN- INE0UIZ01018
Dear Sir/ Madam,
Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of investment through Rights
Issue in TZF Logistics Solutions Private Limited (“TZF”), a wholly owned subsidiary of the Company.
Pursuant to Regulation 30 read with Schedule III Part A Para A (1) of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you
that the Company has invested 21,99,99,956/- (Rupees Twenty-One Crore Ninety-Nine Lakh Ninety-Nine
Thousand Nine Hundred and Fifty-Six only) in the equity shares of TZF Logistics Solutions Private Limited
(“TZF”), a wholly owned subsidiary of the Company by way of subscription to Rights Issue.
Being a wholly owned subsidiary, there is no change in the shareholding percentage of the Company in TZF,
pursuant to this investment.
We have enclosed herewith the details required under Regulation 30 read with events specified in Part A of
Schedule III of SEBI Listing Regulations and Master SEBI Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 as Annexure -A.
We request you to kindly take the above on record.
Thanking you
For BlackBuck Limited
(Formerly known as Zinka Logistics Solutions Limited)
Barun Pandey
Company Secretary and Compliance Officer
Membership No: A39508
Annexure – A
(Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 and HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Name of the target entity, details in brief such as TZF Logistics Solutions Private Limited (“TZF”) is a
size, turnover etc. Private Company with NIL Turnover as on March 31,
2026.
The Company has subscribed 34,08,210 Equity Shares
of TZF for a total consideration of ₹ 21,99,99,956/-
(Rupees Twenty-One Crore Ninety-Nine Lakh
Ninety-Nine Thousand Nine Hundred and Fifty-Six
only).
Whether the acquisition would fall within related The current investment falls under the purview of the
party transaction(s) and whether the promoter/ transactions with related parties as per the provisions
promoter group/ group companies have any of the Companies Act, 2013 and SEBI (Listing
interest in the entity being acquired? Obligations and Disclosure Requirements)
Regulations, 2015 and at arm’s length.
If yes, nature of interest and details thereof and
whether the same is done at “arm’s length” Except being a wholly owned subsidiary of the
BlackBuck Limited (Formerly known as Zinka
Logistics Solutions Limited), the Promoter / promoter
group/ group companies of BlackBuck Limited does
not have any interest in TZF.
Industry to which the entity being acquired belongs Transport & Logistics
Objects and impact of acquisition (including but The investment is being made primarily to facilitate
not limited to, disclosure of reasons for acquisition the development, growth and expansion of the
of target entity, if its business is outside the main business activities of the wholly owned subsidiary,
line of business of the listed entity) and to support its working capital requirements.
Further the investment will also support the subsidiary
in meeting the regulatory requirements applicable to
PPI issuers under the Payment and Settlement Systems
Act, 2007 and the RBI regulations.
Company’s shareholding in the TZF post this
investment remains at 100%.
Brief details of any governmental or regulatory NA
approvals required for the acquisition
Indicative time period for completion of the 34,08,210 Equity shares pursuant to the current
acquisition investment were allotted on September 28, 2026.
Nature of consideration - whether cash Cash Consideration by way of remittance through
consideration or share swap and details of the same normal banking channel.
Cost of acquisition and/or the price at which the ₹ 21,99,99,956/- (Rupees Twenty-One Crore Ninety-
shares are acquired Nine Lakh Ninety-Nine Thousand Nine Hundred and
Fifty-Six only) towards subscription of 34,08,210
Equity Shares having a face value of Rs. 10/- each at
a premium of Rs. 54.55/- per Equity Share.
Percentage of shareholding / control acquired and With the current investment, the Company’s
/ or number of shares acquired shareholding in TZF remains at 100%
Brief background about the entity acquired in TZF Logistics Solutions Private Limited (TZF) is a
terms of products/line of business acquired, date of private company incorporated on August 29, 2018
incorporation, history of last 3 years turnover, with its registered office in Bangalore, India.
country in which the acquired entity has presence
and any other significant information (in brief) The Company obtained a Prepaid Payment Instrument
(PPI) licence from the Reserve Bank of India on July
3, 2025, enabling it to issue and operate digital wallets
for payments, remittances, and other permitted
transactions. This strengthens the Company’s digital
payments capabilities and expands its presence in the
PPI ecosystem.
To carry on the business of providing technology-
based logistics products and services, including
transportation and vehicle-hiring solutions through
digital platforms and applications.
Turnover/ Revenue from operations (Amount in
Millions):
FY 2023-24 – Nil
FY 2024-25 – Nil
FY 2025-26 – Nil