BlackBuck Limited has received board approval to establish a wholly-owned subsidiary in India. This strategic move is aimed at expanding the company’s core business of logistics products and services, including transportation, fleet management, and technology-enabled solutions. The incorporation will support the company’s growth initiatives and enhance its service offerings within the rapidly evolving logistics sector. The meeting also confirmed the subsidiary’s business activities and funding structure.
BlackBuck Board Approves New Subsidiary
The Board of Directors of BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, has approved a significant proposal to incorporate a wholly-owned subsidiary in India. This decision, made during a board meeting held on September 11, 2026, marks a key step in the company’s strategic expansion plans.
Objective and Business Scope
The newly established entity, tentatively named BlackBuck Transport Services Private Limited or a similar approved name, will operate as a wholly-owned subsidiary. Its primary objective is to conduct and expand the business of logistics products and services both in India and internationally. This includes activities such as acquiring, owning, and leasing transportation assets like trucks and lorries, offering transportation services to various clients, and developing digital platforms for logistics discovery and management.
The subsidiary’s business lines will encompass fleet management, warehousing, and technology-enabled logistics solutions, catering to small and medium enterprises and other business entities. The incorporation is intended to streamline operations and foster growth within the competitive logistics and transportation market.
Financial and Governance Details
The funding for the new subsidiary will be through 100% subscription to its share capital in cash. The shares will be subscribed at a face value of INR 10 per share. The Company, along with its nominee, will hold 100% of the share capital, ensuring complete control and alignment with BlackBuck Limited’s strategic objectives. No specific governmental or regulatory approvals are immediately required beyond those of a competent authority, if necessary.
The board meeting where this approval was granted commenced at 11:48 AM IST and concluded at 12:10 PM IST on September 11, 2026.
The company’s website, www.blackbuck.com, will host this intimation.
Source: BSE
