Zinka Logistics Solutions Limited has informed the Exchange about General Updates
BLACKBUCK · price
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Awaiting price reaction for this filing.
Blackbuck (Zinka Logistics Solutions) has received a revised income tax order from the Income Tax Department dated July 14, 2025, for Assessment Year 2019–20. The original tax demand of INR 4.18 crores, raised for short deduction or non-remittance of TDS, has been cut sharply to INR 91.20 lakhs (including interest). This reduction came after the company filed a rectification application on March 21, 2025, under Section 154 of the Income Tax Act. The company is still evaluating the financial impact and plans to file an appeal or revision, saying it has a strong case on merits. Management has stated it does not expect any further material financial impact from this matter.
This is a positive development for Blackbuck shareholders, as the tax liability has come down by roughly 78% (from INR 4.18 cr to INR 91.20 lakhs), reducing a potential overhang on the stock. Any further reduction through appeal could be an additional positive, though the matter is still open.