Delhivery nods allotment of 1.7 lakh shares against exercised ESOP

India's largest fully integrated logistics provider, Delhivery has approved and allotted 1,70,676 shares for Rs 1 each, the company informed the stock exchange on Friday. This takes the paid-up share capital of the company from Rs. 72,81,40,208 to Rs. 72,83,10,883. 

Delhivery Employee Stock Option Plan 2012 (ESOP 2012) has 87,976 shares while 82,700 are under Delhivery Employee Stock Option Plan III 2020 (ESOP 2020). The allotted shares will rank pari-passu (on equal footing) with the existing equity shares of the company in all respects.

“We wish to inform you that the Stakeholder Relationship Committee of Delhivery Limited on Friday, January 06, 2023, approved and allotted equity shares of face value Re 1 each against the exercise of vested Options,” the company told the stock exchange.

In December, the company approved the grants of 46,219 stock options under Delhivery Employees Stock Option Plan 2012 (ESOP 2012). The same month, it told the exchanges that it approved and allotted 12,55,568 equity shares of face value Re 1 each. 6,82,168 under Delhivery Employee Stock Option Plan 2012 (ESOP 2012), and 5,73,400 under Delhivery Employee Stock Option Plan III 2020 (ESOP 2020)

The company said it adjusted Rs 79 crores of ESOP expenses in its second-quarter results. The company has granted approximately 43.45 million ungranted stock options and approximately 30.2 million unvested but granted stock options.