Statement of Deviation & Variation

Ref: BLACKBUCK/CORP/2026-27/60 July 29, 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 Dear Sir/ Madam, Sub: Statement of Deviation or variation of funds raised through Initial Public offer (‘IPO’) for the quarter ended June 30, 2026 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended June 30, 2026, there was no deviation or variation in the utilization of proceeds of the IPO from the objects stated in the Prospectus dated November 18, 2024. A Statement of deviation or variation for the quarter ended June 30, 2026, duly reviewed by the Audit Committee of the Company at its meeting held on July 29, 2026 are enclosed herewith. This disclosure will also be hosted 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 and Compliance Officer Membership No: A39508 Statement of deviation/variation in utilization of funds raised for the quarter ended June 30, 2026 Name of listed entity BlackBuck Limited (Formerly known as Zinka Logistics Solutions Limited) Mode of Fund Raising Public Issue Date of Raising Funds November 20, 2024 Amount Raised With OFS portion: 1,114.722 Crore; Excluding OFS portion: INR 550.00 Crore Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable ICRA Limited Is there a Deviation / Variation in use of funds No raised If yes, whether the same is pursuant to change N/A in terms of a contract or objects, which was approved by the shareholders. If Yes, Date of shareholder Approval N/A Explanation for the Deviation / Variation N/A Comments of the Audit Committee after review N/A Comments of the auditors, if any N/A Objects for which funds have been raised and N/A where there has been a deviation, in the following table If Yes, Date of shareholder Approval N/A Original Modified Original Modified Funds Amount of Remarks if any Object Object, if Allocation allocation, Utilised Deviation/Variation any (In Crores) if any (In for the quarter Crores) according to applicable object Funding N/A 200.000 N/A 171.227 N/A No Comments towards sales marketing costs Investment in N/A 140.000 N/A 140.000 N/A No Comments Blackbuck Finserve Private Limited, NBFC subsidiary for financing the augmentation of its capital base to meet its future capital requirements Funding of N/A 75.000 N/A 60.214 N/A No Comments expenditure in relation to product development General N/A 135.000 N/A 121.689 N/A No Comments corporate purposes Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc For BlackBuck Limited (Formerly Known as Zinka Logistics Solutions Limited) Satyakam GN Chief Financial Officer Date: July 29, 2026 Place: Bengaluru