Delhivery Allots 11.79 Lakh Shares Under ESOP Schemes

SUMMARY

The company is allotting these shares under ESOP 2012, ESOP II 2020 and ESOP III 2020.

With this allotment, the paid-up share capital of the company increased to INR 74.55 Cr from INR 74.44 Cr

The development comes days after Delhivery allotted 1.48 Lakh equity shares under its ESOP 2012

Logistics startup Delhivery’s board has approved allotment of 11.79 Lakh equity shares under its Employee Stock Option Plan (ESOP) schemes.

“..we hereby inform that the stakeholders’ relationship committee of Delhivery Limited on Monday, March 10, 2025, approved the allotment of a total of 11,79,486 equity shares of face value INR 1 each fully paid up against the exercise of vested options,” the company said in an exchange filing.

Out of this, 3.24 Lakh equity shares will be issued under ESOP 2012, 6.89 Lakh equity shares under ESOP II 2020 and 1.66 Lakh equity shares under ESOP III 2020.

With this allotment, the paid-up share capital of the company increased to INR 74.55 Cr from INR 74.44 Cr.

The exercise price for the equity shares allotted under ESOP II 2020 and ESOP III 2020 is INR 0.10 apiece. On the other hand, the exercise price for the shares allotted under ESOP 2012 stands at INR 1 for 2.23 Lakh shares, INR 16.28 for 4.6 K shares and INR 29.85 for the remaining 96.1 K shares.

The development comes days after Delhivery allotted 1.48 Lakh equity shares under its ESOP 2012.

Around the same time, the company also received an GST demand order from the West Bengal Goods and Services Tax (GST) department, asking it to pay INR 5.35 Cr tax amount.

The logistics startup posted a 114% jump in its consolidated net profit to INR 24.98 Cr in Q3 FY25 from INR 11.70 Cr in the year-ago quarter on the back of strong growth in its revenue. Meanwhile, the company’s total revenue stood at INR 2,476.96 Cr during the quarter under review.

Last month Delhivery roped in former Airtel executive Vani Venkatesh as chief business officer (CBO) to lead its transportation businesses, which includes Express parcel and Part-truckload. Additionally, she will also head the supply chain division, in addition to the client servicing and marketing functions.

The shares of Delhivery closed at INR 251.60 apiece during the trading session on BSE today (March 10), 1.45 % down from its previous close at INR 255.30.