Delhivery Allots 23,166 Equity Shares Upon Exercise of Vested ESOP Options
Delhivery Limited's Stakeholders' Relationship Committee approved the allotment of 23,166 equity shares on May 09, 2026 under ESOP 2012, increasing paid-up capital from Rs. 74,86,94,333/- to Rs. 74,87,17,499/-. The options were exercised at varying prices — Re. 1/-, Rs. 16.28/-, and Rs. 29.85/- — realising Rs. 3,37,514.00/-, with diluted EPS at Re. 0.99/- based on Q3FY26 earnings.
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Delhivery Limited's Stakeholders' Relationship Committee, on May 09, 2026, approved the allotment of 23,166 equity shares of face value Re. 1/- each, fully paid-up, pursuant to the exercise of vested options under the Delhivery Employee Stock Option Plan, 2012 (ESOP 2012). The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly allotted shares rank pari-passu with the existing equity shares of the company in all respects.
Share Capital Impact
Consequent to this allotment, the paid-up share capital of the company has been revised as follows:
| Metric: | Details |
|---|---|
| Pre-Allotment Paid-Up Capital: | Rs. 74,86,94,333/- |
| Post-Allotment Paid-Up Capital: | Rs. 74,87,17,499/- |
| Shares Allotted: | 23,166 equity shares |
| Face Value per Share: | Re. 1/- |
| Money Realised by Exercise of Options: | Rs. 3,37,514.00/- |
| Diluted EPS (based on Q3FY26 earnings): | Re. 0.99/- |
ESOP 2012 — Exercise Price Breakdown
The 23,166 options exercised under ESOP 2012 were granted at varying exercise prices. The pricing details are as follows:
| Options: | Exercise Price |
|---|---|
| 10,906 Options: | Re. 1/- |
| 2,900 Options: | Rs. 16.28/- |
| 9,360 Options: | Rs. 29.85/- |
Key Terms and Compliance
The allotment is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The vested options were exercisable at any time from their respective vesting dates, as per the terms of grant. Key terms governing the allotted shares include:
- The equity shares allotted pursuant to the exercise of stock options are not subject to any lock-in period.
- ESOP shares rank pari passu with all existing equity shares from the date of allotment.
- In the event of corporate actions such as rights issues, bonus issues, share splits, consolidations, mergers, or other reorganisations, requisite adjustments shall be made to the options in a fair and reasonable manner in accordance with the applicable schemes.
- The terms of grant specify how options are to be dealt with in cases of death, permanent incapacity, resignation, termination, retirement, or abandonment.
The diluted earnings per share, calculated pursuant to the issue of equity shares on exercise of options, stands at Re. 0.99/-, based on the earnings reported by the company for Q3FY26. The disclosure has been filed with BSE Limited and the National Stock Exchange of India Limited, and will also be hosted on the company's website at www.delhivery.com . The filing was signed by Madhulika Rawat, Company Secretary & Compliance Officer (Membership No.: F8765).
Historical Stock Returns for Delhivery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.55% | +2.58% | +8.39% | +11.54% | +57.34% | -10.67% |
How might the continued dilution from Delhivery's ESOP exercises impact its earnings per share trajectory as the company works toward sustained profitability?
What is the total remaining pool of unvested ESOP 2012 options, and how could future mass vesting events affect Delhivery's share price and shareholder value?
As Delhivery's logistics market share grows, will the company introduce a new ESOP scheme to attract and retain talent given that ESOP 2012 options are likely nearing exhaustion?
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