Key Finding
During the quarter ended September 30, 2026, there was no deviation or variation in the utilization of proceeds of the IPO from the objects stated in the Prospectus dated November 18, 2024.
Fund Raising Details
- Mode of Fund Raising: Public Issue
- Date of Raising Funds: November 20, 2024
- Amount Raised: With OFS portion: ₹1,114.722 Crore; Excluding OFS portion: ₹550.00 Crore
- Monitoring Agency: ICRA Limited
Fund Utilization Details
| Object | Original Allocation (₹ Crores) | Funds Utilized (₹ Crores) | Remarks |
| Funding towards sales and marketing costs | 200.000 | 200.000 | No Comments |
| Investment in Blackbuck Finserve Private Limited, NBFC subsidiary for financing the augmentation of its capital base to meet its future capital requirements | 140.000 | 140.000 | No Comments |
| Funding of expenditure in relation to product development | 75.000 | 75.000 | No Comments |
| General corporate purposes | 135.000 | 122.011 | The issuer has utilized the proceeds as a reimbursement for the expenditure which was funded through its Internal Accruals |
Governance & Approval
- The Statement of deviation or variation for the quarter ended September 30, 2026 was reviewed by the Audit Committee of the Company at its meeting held on October 29, 2026.
- No comments from auditors were provided as the situation was not applicable.
Additional Information
- This disclosure is hosted on the company website: www.blackbuck.com
- The document was signed by Barun Pandey, Company Secretary and Compliance Officer (Membership No: A39508) and Satyakam G Naik, Chief Financial Officer.
- Place of signing: Bengaluru