Delhivery Allots 8.2 Lakh Shares Under ESOP Schemes

Logistics unicorn Delhivery has allotted over 8.2 Lakh equity shares under its various employee stock option (ESOP) schemes.

The company, in an exchange filing yesterday (February 11), said that its shareholders approved the allotment of 8,22,310 equity shares with a face value of INR 1 each fully paid up against the exercise of vested options.

After the allotment of the shares, Delhivery’s paid-up share capital increased to INR 74.44 Cr from INR 74.35 Cr as per the filing. 

Shares of Delhivery ended yesterday’s trading session at INR 284.35 apiece on the BSE. As per the stock’s closing price in the last session, the newly-allotted shares are worth INR 23.38 Cr.

Out of the total shares allotted, 1.8 Lakh shares are allotted under ESOP 2012, 5.3 Lakh shares under ESOP II 2020 and 1.01 Lakh ESOP III 2020. 

As per the filing, the exercise price for 65,740 options is at INR 1 and for 1,21,220 options at INR 29.85 under ESOP 2012. 

The exercise price for 5,34,050 options under ESOP II 2020 is at INR 0.10 and 1,01,300 options under ESOP III 2020 at INR 0.10. 

“The vested options can be exercised at any time from the respective date(s) of vesting, as per the terms of grant,” said the filing. 

The development comes after Delhivery a few days ago appointed Namita Thapar, executive director of Emcure Pharmaceuticals, and Sameer Mehta, cofounder and CEO of boAt, as non-executive independent directors on its board. The appointment will come into effect from February 17, 2025.

Delhivery has also released its financial results for the third quarter of the current financial year (Q3 FY25) last week. In the quarter under consideration, the company’s consolidated net profit zoomed 114% to INR 24.98 Cr from INR 11.70 Cr in the year-ago quarter on the back of strong growth in its revenue.

Including other income of INR 98.66 Cr, the company’s total revenue stood at INR 2,476.96 Cr during the quarter ended December 31, 2024.