Delhivery Limited, a prominent player in the logistics and supply chain sector in India, has announced the allotment of 8,63,645 equity shares.
This decision was approved by the Stakeholders’ Relationship Committee on October 9, 2024. The newly issued shares are fully paid-up and have a face value of Re. 1 each.
The allotment includes shares under three specific ESOPs:
- 1,21,545 shares under the Delhivery Employee Stock Option Plan 2012 (ESOP 2012)
- 3,50,000 shares under the Delhivery Employee Stock Option Plan II 2020 (ESOP II 2020)
- 3,92,100 shares under the Delhivery Employee Stock Option Plan III 2020 (ESOP III 2020)
These shares will rank pari-passu with existing equity shares of the Company, thereby entitling the holders to equal rights and privileges.
As a result of this allotment, the paid-up share capital of Delhivery Limited has increased from Rs. 74,00,38,301 to Rs. 74,09,01,946.
Details of Allotment
The total number of shares covered by the exercised options amounts to 8,63,645 equity shares, all fully paid-up.
The exercise price for these options varied, with prices for ESOP 2012 set at different levels including Re. 0.1, Re. 1, Rs. 16.28, and Rs. 29.85 per share, while options under ESOP II 2020 and ESOP III 2020 were exercised at Re. 0.10 per share.
Financial Impact and Shareholder Value
The exercise of these options has yielded a total amount of Rs. 29,85,978.7 for the company.
With this allotment, the dilution of earnings per share (EPS) has been calculated at Re. 0.95, based on the company’s reported earnings for the first quarter of FY25.
Delhivery’s Employee Stock Option Plans are structured to motivate and retain talent by granting employees ownership in the company, thus aligning their interests with those of the shareholders.
The shares allotted as a result of these options will not be subject to a lock-in period, allowing employees to benefit from their investment as market conditions permit.
About Delhivery Limited
Delhivery Limited is one of India’s largest logistics and supply chain companies, specializing in end-to-end logistics services including warehousing, express parcel delivery, freight, and supply chain solutions.
Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati, Delhivery has established itself as a major player in the logistics sector, competing with companies like Xpressbees, Blue Dart, Flipkart’s Ekart Logistics, and Amazon Shipping.
