BSECompany Update3d ago · 25 Jul 2026, 09:42 am
Disclosure Pursuant to Reg.30 of the SEBI (LODR) Reg. 2015
Black Buck Ltd · 544288
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BlackBuck Ltd has received an order from the Income Tax Department dropping penalty proceedings initiated under the Income-tax Act, 1961 for AY 2018-19, with the penalty determined at NIL due to deletion of the underlying addition relating to ESOP expenditure.
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Black Buck Ltd - 544288 - Disclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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Ref: BLACKBUCK/CORP/2026-27/49
July 25, 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 – 400 001
Scrip Code: 544288, Scrip Symbol: BLACKBUCK, Series – EQ
ISIN- INE0UIZ01018
Sub: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”)
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the Company has received an order
dated July 24, 2026 from the Income Tax Department, whereby the penalty proceedings initiated under the provision of
the Income-tax Act, 1961 for AY 2018-19 have been dropped, consequent to the deletion of the underlying addition
relating to ESOP expenditure. Accordingly, the penalty has been determined at NIL.
The details required to be furnished under Regulation 30 of Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and SEBI Circular No.
SEBI/HO/CFD/CFDPoD-2/P/CIR/2025/25 dated February 25, 2025 is annexed as Annexure I and II.
Further, in terms of Industry Standards note on Regulation 30 of Listing Regulations issued vide SEBI Circular No.
SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025, we also hereby state and declare that the
information and details provided in Annexure II, is in compliance with Regulation 30(13) of the Listing Regulations
and is true, correct and complete to the best of our knowledge and belief.
The above information will also be available on the website of the Company i.e. www.blackbuck.com
Kindly take the above information on record.
Thanking you
Yours Sincerely,
For BlackBuck Limited
(Formerly known as Zinka Logistics Solutions Limited)
Barun Pandey
Company Secretary & Compliance Officer
Membership No. A39508
Annexure – I
Disclosure of information pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular
No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Name of the Authority Assessment Unit, Income Tax Department, Ministry of Finance, Government of
India
Order under Section 270A of the Income-tax Act, 1961 dropping the penalty
Nature and details of the action(s) proceedings initiated for Assessment Year 2018-19 and determining penalty as
taken, or order(s) passed
Rs. NIL, consequent to deletion of the underlying quantum addition by the
CIT(A)/NFAC
Date of receipt of direction or
order, including any ad-interim or
Order dated July 24, 2026
interim orders, or any other
communication from the authority
Alleged under-reporting in consequence of misreporting of income under
Details of the
Section 270A of the Income-tax Act, 1961, consequential to disallowance of
violation(s)/contravention(s)
Employee Stock Option Plan (ESOP) expenditure of Rs. 10,30,00,000/-
committed or alleged to be
claimed under Section 37(1) of the Act in the assessment order dated June 1,
committed;
2021 for AY 2018-19.
Impact on financial, operation or
other activities of the listed entity, The said order is favourable with no adverse financial impact on the Company.
quantifiable in monetary terms to
the extent possible
Annexure-II
Disclosure of information pursuant to Industry Standards note on Regulation 30 of Listing Regulations issued
vide SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025 regarding receipt of
communication from regulatory, statutory, enforcement or judicial authority under the Listing Regulations
[Regulation 30(13) - Disclosure of communication from regulatory, statutory, enforcement or judicial authority]
1 Name of the listed company BlackBuck Limited
(Formerly known as Zinka Logistics Solutions Limited)
2 Type of communication Order passed under Section 270A of the Income-tax Act, 1961, dropping the
received penalty proceedings initiated for Assessment Year 2018-19 (DIN:
ITBA/PNL/F/270A_1/2026-27/1091419624(1))
3 Date of receipt of July 24, 2026
communication
4 Authority from whom Assessment Unit, Income Tax Department, Ministry of Finance, Government
communication received of India
5 Brief summary of the material For AY 2018-19, an addition of Rs. 10,30,00,000/- was made towards
contents of the communication disallowance of ESOP expenditure claimed under Section 37(1) of the Income-
received, including reasons for tax Act, 1961, vide assessment order dated June 1, 2021 passed under Section
receipt of the communication 143(3) r.w.s. 144B, pursuant to which penalty proceedings under Section 270A
were initiated. The CIT(A)/NFAC, vide order dated March 9, 2026, deleted the
said addition, relying on Biocon Ltd. vs. DCIT [2020] 121 taxmann.com 351
(Kar.). Consequently, vide order dated July 24, 2026, the penalty proceedings
have been dropped and the penalty determined at Rs. NIL.
6 Period for which Assessment Year 2018-19
communication would be
applicable, if stated
7 Expected financial implications
The said order is favourable with no adverse financial impact on the Company.
on the listed company, if any
8 Details of any aberrations/non- As per information provided in Point No. 5 above.
compliances identified by the
authority in the communication
9 Details of any penalty or None. Penalty proceedings under Section 270A have been dropped in full and
restriction or sanction imposed penalty has been determined at Rs. NIL.
pursuant to the
communication
10 Action(s) taken by listed The Company has taken the order on record. No further action is required as
company with respect to the the underlying matter stands concluded in the Company's favour.
communication
11 Any other relevant information -