Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: BLACKBUCK/CORP/2026-27/64 July 31, 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, This is with reference to the Company's earlier disclosures dated February 25, 2025, regarding adjudication order dated February 24, 2025 passed by the Assistant Commissioner of Commercial Taxes (Audit), DGSTO-04, Bengaluru, for the tax period April 2020 to March 2021, confirming demand of erroneously availed ITC under IGST, CGST and KGST along with applicable interest. Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the Company has received an order in Appeal dated July 28, 2026 from the Joint Commissioner of Commercial Taxes (Appeals)-4, Bengaluru, Commercial Tax Department, Government of Karnataka on July 30, 2026. whereby the appeal preferred by the Company against the Order- in-Original has been dismissed and the Order in-Original has been upheld.. 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 Office of the Joint Commissioner of Commercial Taxes (Appeals)-4, Bengaluru, Commercial Tax Department, Government of Karnataka Order dated July 28, 2026 passed under Section 107(11) of the Karnataka GST Nature and details of the action(s) Act, 2017 read with the Central GST Act, 2017, dismissing the Company's taken, or order(s) passed appeal and confirming/upholding the demand raised vide the original adjudication order dated February 24, 2025, for the tax period April 2020 to March 2021, relating to disallowance of Input Tax Credit Date of receipt of direction or order, including any ad-interim or Order dated July 28, 2026 received on July 30, 2026 interim orders, or any other communication from the authority Alleged excess/ineligible availment of Input Tax Credit under Section 16 of Details of the the CGST/KGST Act, 2017 for the period April 2020 to March 2021, on violation(s)/contravention(s) account of committed or alleged to be (i) Non-disclosure of ITC pertaining to FY 2019-20 in the statutory committed; reconciliation tables of annual returns GSTR-9/GSTR-9C; (ii) ITC attributable to supplier credit notes and non-compliance with Section 16(2)(c) of the CGST/KGST Act (iii) Certain invoices not appearing in GSTR-2A Impact on financial, operation or The Order confirms a total demand of ₹22,42,28,783/- (comprising tax of other activities of the listed entity, ₹10,01,02,136/-, interest of ₹11,41,16,435/- up to the date of the order, and quantifiable in monetary terms to penalty of ₹1,00,10,212/- 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 Appellate Order passed under Section 107(11) of the Karnataka GST Act, 2017 received read with the Central GST Act, 2017, dismissing the Company's appeal. 3 Date of receipt of Order dated July 28, 2026 received on July 30, 2026 communication 4 Authority from whom Joint Commissioner of Commercial Taxes (Appeals)-4.5, Bengaluru, communication received Commercial Tax Department, Government of Karnataka 5 Brief summary of the material For the tax period April 2020 to March 2021, the Assistant Commissioner of contents of the communication Commercial Taxes (Audit)-4.5, DGSTO-04, Bengaluru had, vide order dated received, including reasons for February 24, 2025, confirmed reversal of Input Tax Credit (comprising IGST, receipt of the communication CGST and SGST), primarily on the ground of: (i) Non-disclosure of ITC pertaining to FY 2019-20 in the statutory tables of annual returns GSTR-9/GSTR-9C; (ii) ITC attributable to supplier credit notes and non-compliance with Section 16(2)(c) of the CGST/KGST Act (iii) Certain invoices not appearing in GSTR-2A The Company filed an appeal, along with the mandatory pre-deposit. The Joint Commissioner of Commercial Taxes (Appeals)-4, Bengaluru has dismissed the appeal and confirmed the demand, holding that the Company failed to substantiate its ITC claims with complete and cogent documentary evidence, after giving credit for the amount already admitted and discharged by the Company. 6 Period for which April 2020 to March 2021 (FY 2020-21) communication would be applicable, if stated 7 Expected financial implications Total demand of ₹22,42,28,783/- confirmed, comprising tax of ₹10,01,02,136/- on the listed company, if any ,interest of ₹11,41,16,435/- (up to the date of the order) and penalty of ₹1,00,10,212/-, against which ₹1,00,10,214/- (pre-deposit) and ₹1,35,550/- (admitted tax and penalty) already stand deposited by the Company 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 Penalty of ₹1,00,10,212/- confirmed as part of the total demand, in addition to restriction or sanction imposed tax of ₹10,01,02,136/- and interest of ₹11,41,16,435/- (up to the date of the pursuant to the communication order) 10 Action(s) taken by listed The Company has taken the Order on record and is evaluating filing of a further company with respect to the appeal before the GST Appellate Tribunal (GSTAT), as and when constituted, communication within the time prescribed under relevant provisions of the CGST/KGST Act, 2017. 11 Any other relevant information -