Delhivery is a logistic company offering an online delivery platform for delivery services that expanded the Employee Stock Option Plan by allocating 6.15 lakh equity shares to its current ESOP pool. The company manufactures operating systems for commercial purposes and provides innovative logistic solutions through its world-class infrastructure, and logistics operations using its cutting-edge technology. These newly allocated employee stock option plan shares are worth Rs 25.18 crore.
The company mentioned in a stock exchange filing that the board approved the allotment of 6,15,930 equity shares at a face value of Rs 1 per share to those under the Delhivery employee stock option plan. The company allotted 1.94 lakh equity shares under the Delhivery ESOP 2012 plan. The remaining 4.21 lakh shares were allotted under the employee stock option plan 2020 scheme. The startup marked the exercise price at Rs 1 for these 67,377 stock options followed by 7,909 stock options for Rs 16.28 and 1,19,344 stock options at Rs 29.85. inc42 reported. This marks the second expansion of Delhivery’s employee stock option plan pool sizes this month.
The company recently allotted an additional 63,538 stock options to the existing pool size under the employee stock option plan 2012 scheme. Before this, the firm allocated over 6.49 lakh stock options across multiple ESOP schemes. The development came after the company announced its financial results for the first quarter of FY25. This marks the fifth time this logistic firm expanded its employee stock option plan’s pool size in the last few months. The company also got approval from the Ministry of Corporate Affairs to establish its drone subsidiary, Delhivery RoboticsIndia to provide Drones as a service option for deliveries, remote sensing, and shipment.
The logistic firm reported a net profit of Rs 54.3 crore in the first quarter of FY25, following a net loss of around Rs 89.4 crore in FY24. The logistic firm announced a 13 percent increase in its operational revenue to Rs 2,172 crore in the Q1 FY25. After this announcement, the startup’s paid-up capital increased to Rs 74 crore. The company’s shares increased by 1.80 percent and they traded up at Rs 416.30 on the BSE. Delhivery faces competition from other logistic and delivery platforms including Blue Dart, Flipkart’s Ekart Logistics, Xpressbees, and Amazon shipping.
Conclusion:
Delhivery expanded its employee stock option Plan by allocating 6,15,930 equity shares under its employee stock option plan. These newly allocated shares are worth around Rs 25.18 crore. The logistic platform develops operating systems and offers delivery services with a facility that allows its users to track their packages across India through drone services. This is the fifth time this company has expanded its employee stock option plan in the last month. Delhivery’s ESOP 2012 scheme allowed the allotment of these equity shares to employees following the allocation of 63k stock options last week. The company issued 1.94 lakh equity shares under the Delhivery ESOP 2012 plan followed by allotment of 4.21 lakh shares under the employee stock option plan 2020.
