Date: September 24, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
ESOP Trust Formation
BlackBuck Limited has formed an irrevocable employee welfare trust named "BlackBuck ESOP Trust" for administration and implementation of its employee stock option plans:
- BlackBuck Limited Employee Stock Option Plan 2016
- BlackBuck Limited Employee Stock Option Plan 2019
Trust Details
- Settlor: BlackBuck Limited (PAN: AAACZ8319C, TAN: BLRZ11348B, CIN: L63030KA2015PLC079894)
- Trustee: Qapita Equity Tech Limited (formerly KP Corporate Solutions Limited, CIN: U72200MH1997PLC107907, PAN: AABCK6559L, TAN: PNEK05865G)
- Effective Date: September 24, 2026
- Initial Corpus: ₹10,000 (Rupees Ten Thousand only)
- Trust Period: Commences on Effective Date and continues until earliest of (i) winding-up of Settlor, (ii) termination/extinction of Trust, or (iii) earlier termination date determined by Trustees with Settlor's consent
Authorized Representatives
- For BlackBuck Limited: Mr. Barun Pandey, Company Secretary and Head Legal (Aadhaar No. 850534717652), authorized vide Board resolution dated July 29, 2026
- For Qapita Equity Tech Limited: Mr. Abhishek Sarda (Aadhaar No. 905275584536), authorized signatory through Board resolution dated July 17, 2026
Registration Details
- Stamp Duty Paid: ₹2,000 via online payment (Challan Reference: RG0926000032401959 dated September 22, 2026)
- Registration Fee: ₹2,100 (Service charge: ₹1,600 + Additional registration charge: ₹500)
- Document Number: BMH-4-00611-2026-27
- Registration Office: Bommanahalli, Bengaluru Urban District, Karnataka
- Registration Date: September 24, 2026 at 10:26:14 hours
Business Context
The Settlor (BlackBuck Limited) is engaged in providing technology-enabled solutions for the trucking and logistics ecosystem, including digital payments, FASTag distribution, fleet telematics, and allied services to commercial vehicle operators and fleet owners across India.
Trust Objectives
The Trust's objects include:
- Administering, managing, funding and implementing the Scheme
- Acquiring Shares of the Settlor by subscribing or purchasing through Secondary Acquisition
- Transferring Shares to Beneficiaries according to Scheme terms
- Dealing in cash and other assets in accordance with Scheme provisions
- Performing other acts incidental to welfare of Beneficiaries
Beneficiaries
Beneficiaries are defined as Employees under the Scheme. Option Grantees who cease to be Employees automatically cease to be Beneficiaries, except for benefits accrued as per Scheme terms.
Trustee Provisions
- Minimum 2 Trustees if individuals/OPCs are appointed
- Sole Trustee if corporate entity is appointed
- Maximum Trustees not to exceed five
- Trustees can be removed by Settlor without formality
- Qapita Equity Tech Limited appointed as sole corporate Trustee