Delhivery Allots 7.8 Lakh Equity Shares Under ESOP Plans

SUMMARY

The company has allotted 7.8 Lakh equity shares to exercise vested options under its employee stock option plan (ESOP)

The equity shares were allotted under ESOP 2012, ESOP II 2020, and ESOP III 2020

Following the allotment of these shares, the paid-up capital of the startup has marginally increased to INR 74.3 Cr from INR 74.2 Cr

Logistics major Delhivery has approved the allotment of 7.8 Lakh equity shares for the exercise of vested options under its employee stock option plan (ESOP).

“…we hereby inform that the stakeholders’ relationship committee of Delhivery Limited on Tuesday, December 10, 2024, approved the allotment of a total of 7,84,927 equity shares of face value INR 1 each fully paid up against the exercise of vested options,” said Delhivery in an exchange filing.

Of these, 1.96 Lakh shares were allotted under ESOP 2012, 1.2 Lakh shares were allotted under ESOP II 2020 and the remaining 4.6 Lakh shares were allotted under ESOP III 2020.

Under ESOP 2012, the startup has set the exercise price at INR 29.85 for 96,350 stock options, INR 16.28 for 1,915 stock options, INR 1 for 95,882 stock options and INR 0.1 for the remaining 2,200 stock options.

Under ESOP II 2020 and ESOP III 2020, the exercise price for all the stock options stands at INR 0.10.

Following the allotment of these shares, the paid-up capital of the startup has marginally increased to INR 74.3 Cr from INR 74.2 Cr.

At 1:26 PM, shares of Delhivery were trading at INR 378.30, down 0.67% from its previous close at INR 380.85.

This comes at a time when Delhivery recently expanded the pool size of its ESOP 2012 with a fresh allotment of 20,000 stock options.

A few months back, the startup also allotted 8.6 Lakh equity shares under its ESOPs.

Last week, Delhivery’s Anindya Ghose resigned as the non executive independent director of the company, citing various personal commitments as the reason.

The startup is also planning to sharpen its focus on faster delivery services by launching a network of multi-tenant dark stores, providing rapid delivery for ecommerce companies.

Delhivery posted a consolidated net profit of INR 10.2 Cr in the second quarter of FY25 against a loss of INR 102.9 Cr in the year-ago quarter. Revenue from services jumped 13% to INR 2,189.7 Cr in the quarter under review from INR 1,941.7 Cr in the year-ago period.