BlackBuck Limited has announced the closure of its non-material wholly owned subsidiary, ZZ Logistics Solutions Private Limited (ZZLSPL). The entity has been struck off by the Ministry of Corporate Affairs effective May 11, 2026. Since its incorporation, the subsidiary remained inactive with zero turnover, revenue, or net worth. This development has no material impact on the company’s financial standing or operational activities.
Entity Status Update
BlackBuck Limited has officially confirmed the cessation of ZZ Logistics Solutions Private Limited (ZZLSPL) as a wholly owned subsidiary. The formal strike-off process was completed on May 11, 2026, following an application filed by the subsidiary. As a result, the entity no longer exists within the company’s corporate structure.
Operational and Financial Impact
Management has clarified that ZZLSPL was a non-material entity that never engaged in any business operations. Consequently, the closure involves nil financial impact on the company, with no revenue, turnover, or net worth contributed by the entity during its existence. The disposal was executed through a standard strike-off process rather than a formal sale or divestment agreement, ensuring a streamlined exit with no related-party transaction implications.
Source: BSE
