Delhivery grants 4.90 Lakh fresh stock options under ESOP-2012 scheme, convertible to equity shares of INR 1 face value each
Latest grant follows November’s earlier allotments of 11.21 Lakh equity shares and 73,300 stock options across various ESOP schemes
The logistics major reported INR 10.2 Cr profit in Q2 FY25 with revenue growth of 13% YoY to INR 2,190 Cr
Logistics major Delhivery
has expanded the pool size of its employee stock option plan (ESOP) with a fresh allotment of 4.90 Lakh stock options.
In an exchange filing today (November 22), the company said its board has approved the allotment of 4.90 Lakh stock options under the Delhivery ESOP 2012 scheme.
The newly-alloted stock options are convertible into one fully paid‐up equity share having face value of INR 1 each, the filing showed.
Of these, 20% of the stock options granted have a vesting period of 12 months from the date of allotment, 30% will vest after 24 months, and the remaining 50% will vest after 36 months, the company said.
This comes shortly after the company allotted 11.2 Lakh equity shares under various ESOP schemes on November 9, 2024. Earlier in November, Delhivery had also granted 73,300 stock options.
The company posted a profit of INR 10.2 Cr in the September quarter of the financial year 2024-25 (Q2 FY25), marking its second consecutive profitable quarter. Revenue from services increased 13% year-on-year to INR 2,190 Cr during the same period.
Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati, Delhivery has grown into a major logistics player.
The company operates as an integrated logistics and supply chain services provider, offering express parcel delivery, heavy goods delivery, warehousing solutions, cross-border services and supply chain software to businesses across India.
In the logistics space, the company competes with Xpressbees, Blue Dart, Flipkart’s Ekart Logistics and Amazon Shipping.
Earlier in October, the company expanded its ESOP pool with multiple grants, including an allotment of 8.6 Lakh equity shares and 50,100 stock options.
In September, it partnered with Teamglobal Logistics to offer ocean freight services across 120 countries.
Delhivery shares closed at INR 345.85 on the BSE today, up 0.61% from its previous close of INR 343.75.
