Delhivery has allotted 7.71 Lakh equity shares worth INR 25.68 Cr under three ESOP schemes, alongside granting 1.15 Lakh fresh stock options to employees
The logistics giant’s paid-up capital increased to INR 74.35 Cr from INR 74.28 Cr following the allotment, with shares closing at INR 333 on BSE
The development aligns with the company’s growth trajectory, marked by a Q2 FY25 profit of INR 10.2 Cr and new leadership appointments, amid a broader trend of tech companies expanding ESOP pools
Logistics unicorn Delhivery
has allotted 7.71 Lakh equity shares under its various employee stock option (ESOP) schemes.
The company informed the bourses on December 8 that its shareholders approved the allotment of 7,71,269 equity shares with a face value of INR 1 each fully paid up against the exercise of vested options.
The listed logistics giant allotted 1.58 Lakh shares under Delhivery ESOP 2012, 5.59 Lakh shares under ESOP II 2020 and another 64.2K shares under ESOP III 2020.
Following this allotment, Delhivery’s paid-up share capital increased to INR 74.35 Cr from INR 74.28 Cr earlier.
Shares of Delhivery ended Friday’s trading session 0.97% lower at INR 333 apiece on the BSE. As per the stock’s closing price today, the newly-allotted shares are worth INR 25.68 Cr.
This development comes two days after the company granted fresh stock options. On January 6, Delhivery’s Nomination and Remuneration Committee approved granting 1,15,829 stock options under ESOP 2012 to eligible employees.
The newly granted options will vest over four years for most recipients, with 10% vesting after 12 months, 30% after 24 months, and the remaining at 15% every six months thereafter. A smaller portion of 4,954 options follows a different schedule with 50% vesting after 12 months, 25% after 17 months, and 25% after 23 months.
The company recently strengthened its leadership team with two key appointments. Navneet Kumar joined as head of supply chain services division while Yubi Surajit Das was appointed to lead its logistics platform OS1.
Delhivery posted a consolidated net profit of INR 10.2 Cr in Q2 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.
The development comes at a time when several new-age tech companies are expanding their ESOP pools to retain talent. Last month, companies, including ixigo, Zomato, and Paytm announced significant ESOP allotments to their employees, with valuations ranging from INR 23 Cr to over INR 13,000 Cr.
