Delhivery Limited, a leading logistics and supply chain services company in India, has recently issued 11,79,486 new equity shares under its Employee Stock Option Plans (ESOP).
The allotment was approved by the Stakeholders’ Relationship Committee on March 10, 2025, and reflects Delhivery’s commitment to aligning employee incentives with its long-term business goals.
The issuance of new shares under ESOP schemes is a strategic move by Delhivery to attract, retain, and motivate top talent.
By embedding ownership into its employee benefits program, the company aims to build a culture that prioritizes shared growth and rewards commitment.
This initiative is particularly significant in the competitive logistics and supply chain industry, where retaining skilled professionals is crucial for sustaining growth and innovation.
Details of ESOP Allotment at Delhivery
Three different ESOP schemes distribute the newly issued shares:
- ESOP 2012: 3,24,337 shares were allotted under this plan.
- ESOP II 2020: 6,89,049 shares were issued under this scheme.
- ESOP III 2020: 1,66,100 shares were granted under this plan.
Each share has a nominal face value of Re. 1 and carries the same rights as the existing equity shares.
The exercise prices for these options varied, with some priced as low as Re. 0.10 and others reaching ₹29.85.
The total funds raised through this allotment amounted to ₹32,54,439.25.
Following this issuance, Delhivery’s paid-up share capital has increased from ₹74,44,01,993 to ₹74,55,81,479.
The newly allotted shares will rank equally with the existing equity shares in all respects. This ensures seamless integration into the company’s equity structure.
Delhivery has confirmed that the allotment complies with the Securities and Exchange Board of India (SEBI) regulations on share-based employee benefits.
This adherence to regulatory standards underscores the company’s commitment to transparency and governance.
Recent Developments
Delhivery has been making strides in enhancing its service offerings and expanding its market presence.
In January 2025, the company launched “Rapid Commerce,” a sub-two-hour delivery service.
This initiative aims to meet the growing consumer demand for faster order fulfillment.
Initially rolled out in Bengaluru, the service processes over 300 orders daily. It caters to brands across categories such as beauty, fashion, electronics, and accessories.
Additionally, Delhivery reported a 114% year-on-year increase in its consolidated profit for the third quarter of FY25, reaching ₹25 crore.
This marked a significant milestone for the company, which turned profitable for the first time since its 2022 listing.
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