Date: September 28, 2026

Investment Details

BlackBuck Limited has invested ₹21,99,99,956 (Rupees Twenty-One Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred and Fifty-Six only) in TZF Logistics Solutions Private Limited, its wholly owned subsidiary, through a rights issue subscription.

The company subscribed to 34,08,210 equity shares of TZF at a premium of ₹54.55 per equity share. The investment was made through cash consideration via normal banking channels.

Subsidiary Background

TZF Logistics Solutions Private Limited is a private company incorporated on August 29, 2018, with its registered office in Bangalore, India. The company operates in the transport and logistics sector and has reported nil turnover for the past three financial years:

  • FY 2023-24: Nil
  • FY 2024-25: Nil
  • FY 2025-26: Nil

TZF obtained a Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India on July 3, 2025, enabling it to issue and operate digital wallets for payments, remittances, and other permitted transactions.

Ownership and Regulatory Aspects

Post-investment, BlackBuck Limited maintains 100% ownership in TZF Logistics Solutions Private Limited. The transaction falls under related party transactions as per the Companies Act, 2013 and SEBI Listing Regulations but was conducted at arm's length.

No governmental or regulatory approvals were required for this acquisition. The equity shares were allotted on September 28, 2026.

Strategic Purpose

The investment aims to facilitate the development, growth, and expansion of TZF's business activities, support its working capital requirements, and help meet regulatory requirements applicable to PPI issuers under the Payment and Settlement Systems Act, 2007 and RBI regulations.

Governance

The disclosure was signed by Barun Pandey, Company Secretary and Compliance Officer (Membership No: A39508) of BlackBuck Limited, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Master SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.