Gurugram-based Delhivery allots 11.79 lakh shares under Employee Stock Option plans

Gurugram-based logistics firm Delhivery Limited has announced that its Stakeholders’ Relationship Committee has approved the allotment of 11,79,486 equity shares, following the exercise of vested employee stock options.

The company disclosed in a regulatory filing that this decision was made at a meeting held on March 10, 2025. These newly allotted shares will rank equally with the existing equity shares of the company in all respects.

Increase in paid-up capital

As a result of this allotment, Delhivery’s paid-up share capital has risen from Rs 74,44,01,993 to Rs 74,55,81,479.

The move involves 3,24,337 shares under the Employee Stock Option Plan 2012 (ESOP 2012), 6,89,049 shares under ESOP II 2020, and 1,66,100 shares under ESOP III 2020, each with a face value of Re 1.

Pricing and vested options

Delhivery said the exercise prices varied, starting as low as Re 0.10 for certain ESOP II 2020 and ESOP III 2020 options, and going up to Rs 29.85 under ESOP 2012.

The total funds raised through these exercises amount to Rs 32,54,439.25. According to the company, employees are free to exercise the vested options any time after the vesting date, based on the specific terms set out in their grant letters and respective schemes.

Compliance with SEBI and EPS impact

Delhivery confirmed that the allotment complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The diluted earnings per share, which has been recalculated based on the new equity share issuance and the company’s reported Q3 FY25 earnings, stands at Rs 0.50.

Delhivery’s shares were trading at around Rs 254.80 on the National Stock Exchange at 1:35 p.m. on the day of the announcement, reflecting a flat movement amid the news of the fresh allotment.

In January this year, Delhivery announced the launch of 'Rapid Commerce,' a sub-2-hour delivery service for brands.