The logistics unicorn has allotted over 3.42 Lakh equity shares under Delhivery ESOP 2012, over 1.87 Lakh equity shares under ESOP II 2020, and over 1.19 Lakh equity shares under the ESOP III 2020 scheme
As per the stock’s opening price on Tuesday, the newly allotted ESOPs are worth nearly INR 25.45 Cr
Delivery reported a consolidated net loss of INR 69 Cr in FY24 as against a net profit of INR 11.7 Cr in the preceding quarter
Listed logistics major Delhivery
has expanded its employee stock option plan (ESOP) pool by allocating over 6.49 Lakh stock options.
The company has allotted over 3.42 Lakh equity shares under Delhivery ESOP 2012, over 1.87 Lakh equity shares under ESOP II 2020, and over 1.19 Lakh equity shares under the ESOP III 2020 scheme, it said in an exchange filing.
“We hereby inform that the Stakeholders’ Relationship Committee of Delhivery Limited (‘Company’) on Monday, July 08, 2024, approved the allotment of a total of 6,49,547 (Six Lakh Forty-Nine Thousand Five Hundred Forty-Seven Only) equity shares of face value Rs. 1/- each,” the filing said.
Consequent to the above allotment, the paid-up share capital of Delhivery will rise to INR 73.91 Cr from INR 73.85 Cr earlier.
As per the stock’s opening price on Tuesday, the newly allotted ESOPs are worth nearly INR 25.45 Cr.
This is the third instance of increment in Delhivery’s ESOP pool size in the last month. Earlier this month, Delhivery said it was expanding the pool size of its ESOP 2012 scheme by allocating 36,525 employee stock options.
Prior to that, in June, the company enlarged its ESOP pool by allotting 11.06 Lakh stock options.
It is pertinent to note that Delivery reported a consolidated net loss of INR 69 Cr in the fourth quarter (Q4) of the financial year 2023-24 (FY24) as against a net profit of INR 11.7 Cr in the preceding quarter.
Meanwhile, its revenue from operations declined 5% quarter-to-quarter to INR 2,076 Cr in Q4 on account of a decrease in express parcel and cross-border service volumes.
The Gurugram-based company has also unveiled plans to set up a wholly-owned subsidiary, Delhivery Robotics India, to manufacture drones and provide freight air transportation services.
Of late, a number of listed new-age tech companies have announced allotment of fresh ESOPs. While Nykaa allotted over 4.73 Lakh ESOPs last month, Paytm also allotted over 87,000 ESOPs in May.
Shares of Delhivery were trading 0.85% lower at INR 390.95 apiece at 12:45 PM on the BSE on Tuesday as against the Monday’s closing price of INR 394.30.
