Black Buck Ltd

Processing status

• Details of dematerialized and rematerialized securities during the period were furnished to all exchanges where shares are listed.

Investment in TZF Logistics Solutions Pvt Ltd

• Investment through rights issue in TZF Logistics Solutions Pvt Ltd, a wholly owned subsidiary.
• ₹21,99,99,956 cash for 34,08,210 equity shares.
• Post-investment BlackBuck ownership remains 100%.
• Allotment completed on 28 September 2026.
• TZF has NIL turnover as of 31 March 2026.
• TZF obtained RBI PPI license on 3 July 2025.
• Business includes digital wallets and technology-based logistics services.
• Investment aims to support growth, working capital, and regulatory compliance.
• Related party transaction at arm's length; promoter group has no other interest.

Subsidiary formation

• MCA approved incorporation of BlackBuck Transport Services Private Limited as a wholly owned subsidiary on Sep 24, 2026.
• Board had approved the subsidiary on Sep 11, 2026.
• No investment amount or equity details disclosed.

Regulatory disclosures

• Disclosure under Regulation 30 of SEBI LODR submitted with this update.
• Details were previously submitted on Sep 11, 2026.

Black Buck Ltd: Trading Window Closed from October 01, 2026 till 48 hours from the announcement of the unaudited financial results for the quarter and half year ended September 30, 2026.

ESOP Trust formation

• Formed irrevocable ESOP Trust named 'BlackBuck Limited ESOP Trust' to administer the 2016 and 2019 ESOP schemes.
• Trustee appointed: Qapita Equity Tech Limited (formerly KP Corporate Solutions Limited).
• Initial Corpus deposited: ₹10,000; initial funding acknowledged.
• Effective date and execution: 24 September 2026, Bengaluru; SBEB Regulations 2021 compliance.
• Copy of Trust Deed enclosed; details submitted under Regulation 3(3) of SBEB Regulations.
• Book to be available on company website; information to be accessible.
• Beneficiaries defined per Scheme; vesting overseen by Committee; transfers subject to applicable laws.

AGM Details

• Date and time: 18-09-2026 at 11:30 IST.
• Mode: in-person AGM with remote e-voting.
• Record/Cut-off date: 11-09-2026.
• Meeting duration: about 40 minutes.

Resolutions and outcomes

• Resolution 1 (Ord): Adopt financial statements with board and auditor reports; passed.
• Resolution 2 (Ord): Re-appointment of director by rotation; passed.
• Resolution 3 (Ord): Approval of charges for service of documents; passed.
• Resolution 4 (Special): Alter MOA/AOA to reflect authorized share capital; passed.
• Resolution 5 (Special): Approve Stock Option Plan 2016 and related schemes; passed.
• Resolution 6 (Special): Approve Stock Option Plan 2019 through Trust; passed.

Dividend

• Dividend: no proposal or declaration.

Directors & Auditors

• Director changes: rotating director re-appointed.
• Auditors: no change reported.

Material Related Party Transactions

• Material RPTs: no material transactions disclosed.

Other material approvals

• Other approvals: MOA/AOA alterations; ESOP approvals; share capital adjustments.

Share Allotment Details

• 73,550 equity shares allotted to identified employees on Sept 21, 2026 under ESOP 2016 and ESOP 2019.
• Breakdown: ESOP 2016 65,117 shares; ESOP 2019 8,433 shares.
• Post-allotment paid-up equity share capital increased to Rs 18,22,40,745.
• ISIN INE0UIZ01018; face value Re 1 per equity share.
• Date of issue: September 21, 2026.
• All shares rank pari-passu with existing shares.

AGM Details

• Date/time/mode: 18 Sep 2026, 11:30 IST; held via VC/OAVM.

Resolutions

• Adopt audited standalone and consolidated financial statements for FY2025-26.
• Re-appoint Anand Daniel as director retiring by rotation.
• Approve charges for service of documents.
• Re-classify authorised share capital and amend MOA.
• Approve ESOP Schemes 2016 and 2019 via trust route.
• Approve funding to acquire own shares via Trust under ESOP schemes.

Voting Results

• Voting results to be communicated to exchanges and on company website; Instapoll completed.

Director Changes

• Anand Daniel to be re-appointed as non-executive director, retiring by rotation.

Auditors

• No changes to statutory auditors; existing relationship reaffirmed.

Transaction overview

• Target: Blackbuck Limited.
• Disclosing party: ACCEL INDIA IV (MAURITIUS) LIMITED (non-promoter).
• Transaction type: Disposal of voting-rights shares.
• Pre-holding: 13,068,097 shares (7.17%); encumbrances Nil.
• Total pre-holding capital: 182,138,576 equity shares.
• Shares disposed: 2,700,000 (1.48%).
• Mode: Open Market.
• Date: September 11, 2026.
• Post-holding: 10,368,097 shares (5.69%); encumbrances Nil.
• Total post-holding capital: 182,138,576 equity shares; diluted: 182,138,576.
• Promoter group status: Seller not in promoter group.
• Equity capital before/after/diluted: 182,138,576 shares.