Board approves slump sale of Loads Business Undertaking to wholly owned subsidiary

BlackBuck Limited's Board approved the transfer of its Loads Business Undertaking to BlackBuck Transport Services Private Limited (BTSPL), a wholly owned subsidiary, on a slump sale basis as a going concern.

Mon 12 Oct 2026

Revenue of transferred undertaking (FY 2025-2026)

INR 887.43 Million, 12.6% of the Company's standalone Total Income

Net-worth of transferred undertaking (as on March 31, 2026)

INR 9.88 Million, 0.07% of the Company's standalone net worth

The Board of BlackBuck Limited (formerly known as Zinka Logistics Solutions Limited) has considered and approved the transfer of its Loads Business Undertaking to BlackBuck Transport Services Private Limited (BTSPL), a wholly owned subsidiary, on a slump sale basis. The decision was taken at a Board meeting held on October 12, 2026, on the recommendation of the Audit Committee. The transfer is as a going concern.

What the update sets out

• The business being transferred is described as the "Loads Business Undertaking" or "Transferred Business Undertaking".
• The buyer, BTSPL, is a wholly owned subsidiary of the Company, and is engaged in the business of Transportation and Storage.
• The transfer is on a slump sale basis, meaning the undertaking is transferred as a whole for a lump sum consideration rather than asset by asset.
• The Board has authorised directors or officers of the Company to enter into a business transfer agreement (BTA) to give effect to the transaction. The BTA will be executed in due course.
• The buyer does not belong to the promoter or promoter group.

Size of the business being transferred

• Revenue of the Transferred Business Undertaking for FY 2025-2026 was INR 887.43 Million, representing 12.6% of the Total Income of the Company on a standalone basis.
• Net-worth of the Loads Business Undertaking as on March 31, 2026 was INR 9.88 Million, representing 0.07% of the net worth of the Company on a standalone basis.

Consideration and completion

• The Company will receive a lump sum cash consideration, based on the Net Asset Value (NAV) of the Transferred Business determined as on the Closing Date of the proposed transfer.
• The date of completion of the sale is subject to certain conditions precedents as mutually agreed with the parties.
• The transaction is a related party transaction because BTSPL is a wholly owned subsidiary of the Company. The consideration for the proposed transfer shall be based on the Net Asset Value (NAV) or book value of the Transferred Business determined as on the Closing Date.
• The proposed transfer does not form part of any scheme of arrangement; it is proposed to be undertaken through a business transfer agreement between the Company and BTSPL.

What stays the same

• There will be no change in the shareholding pattern of the Company pursuant to the slump sale of the relevant business undertaking to BTSPL.

Rationale given in the update

• Restructuring to organise the Company's businesses under a dedicated wholly owned subsidiary and to improve operational efficiency.

How a reader can look at this

• The update quantifies how much of the Company's standalone revenue and net worth the transferred undertaking represents, which lets investors judge the size of the business moving into the subsidiary.
• The consideration is to be worked out on the closing date, and completion is subject to conditions precedents mutually agreed between the parties.

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