Logistics company Delhivery’s Stakeholders’ Relationship Committee has approved the allocation of around 6.49 lakh stock options to expand its employee stock option plan (ESOP) pool. In June 2024, the company had allotted 11.06 lakh stock options and now their exchange filing reports the latest to have 3.42 lakh equity shares under Delhivery ESOP 2012 scheme, 1.87 lakh equity shares as part of ESOP II 2020 scheme, and 1.19 lakh equity shares in the ESOP III 2020 scheme.
As a result, the Gurugram-based company’s paid up share capital will increase from Rs 73.85 crore to Rs 73.91 crore where the face value per share is Rs 1. These newly allotted 6,49,457 stock options amount to Rs 25.45 crore.
The company’s revenue from operations dropped 5% quarter-to-quarter to Rs 2,076 crore in Q4 of the FY24 from almost 2,181 core in Q3 due to the reduction in express parcel and cross-border services. While the firm had a net profit of Rs 11.7 crore in Q3, it faced a net loss worth Rs 69 crore in Q4 of the financial year ended March 2024.
The logistics unicorn has expansion plans to establish a subsidiary, Delhivery Robotics India, to manufacture drones and offer air transportation services, for which it has received Ministry of Corporate Affairs’ approval.
Many listed majors with the likes of Nykaa and Paytm, have allocated fresh ESOPs, with 4.73 lakh ESOPs in June, and 87,000 ESOPs in May respectively.
Delhivery’s shares were trading at Rs 390.95 each this Tuesday afternoon on the BSE, which is 0.85% lower than the closing price of Rs 394.30 on Monday.
