Statement of Deviation or Variation for the quarter ended March 31, 2026.
BLACKBUCK · price
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BlackBuck Limited (formerly Zinka Logistics Solutions Limited) has filed its Q4 FY2026 statement confirming no deviation in the utilization of IPO proceeds raised in November 2024. The company raised ₹1,114.722 crore (including OFS) or ₹550 crore (excluding OFS). As of March 2026, the company has utilized ₹444.361 crore out of ₹550 crore allocated across four objects: sales and marketing (₹137.30 crore of ₹200 crore), NBFC subsidiary investment (₹140 crore fully utilized), product development (₹45.38 crore of ₹75 crore), and general corporate purposes (₹121.69 crore of ₹135 crore). ICRA Limited is the monitoring agency. The audit committee reviewed this statement on May 19, 2026.
No deviation in fund utilization is a positive indicator for shareholders, showing the company is deploying IPO proceeds as promised in the prospectus. Funds are being deployed toward growth initiatives including sales, product development, and NBFC subsidiary expansion.