BlackBuck Limited, formerly Zinka Logistics Solutions Limited, has announced the approval of a proposal to incorporate a Wholly Owned Subsidiary (WOS) in India. This strategic move aims to further expand the company’s logistics and transportation services. The new entity will focus on acquiring, owning, and operating transport assets, as well as offering digital platforms for logistics solutions. The incorporation is a key step in BlackBuck’s growth strategy.
Board Approves New Subsidiary for Business Expansion
BlackBuck Limited, previously known as Zinka Logistics Solutions Limited, has received board approval to establish a new Wholly Owned Subsidiary (WOS) within India. This strategic initiative, approved during the board meeting on September 11, 2026, is designed to bolster the company’s operations and service offerings in the logistics sector.
Objectives and Business Scope of the New Entity
The proposed subsidiary, to be potentially named BlackBuck Transport Services Private Limited or BlackBuck Trucking Services Private Limited (subject to regulatory approval), will engage in a broad spectrum of logistics activities. Its core business will encompass acquiring, owning, and leasing transportation assets, including trucks and other motor vehicles. Furthermore, it will facilitate transportation services for small and medium enterprises and operate electronic platforms for discovering and listing logistics assets. The subsidiary will also provide allied logistics, mobility, fleet management, and warehousing services.
Financial Details of Incorporation
The incorporation will be funded through a cash consideration, with 100% subscription to the share capital. The shares will be acquired at their face value of INR 10/- per share. BlackBuck Limited, along with its nominee, will hold 100% of the share capital of this newly formed WOS, ensuring complete control and alignment with the parent company’s strategic objectives.
Board Meeting Concluded
The board meeting during which this decision was made commenced at 11:48 AM IST and concluded at 12:10 PM IST on Friday, September 11, 2026.
Source: BSE
