Delhivery , India's largest fully integrated logistics services provider, has successfully tested its autonomous Vertical Take-off and Landing (VTOL) drone technology in Deoria, Uttar Pradesh. This breakthrough demonstration showcases the potential for revolutionizing last-mile delivery in rural India.

Key Highlights of the Drone Test

• Flight Path: 12 km pre-programmed route
• Delivery Time: Approximately 12 minutes
• Comparison: 40 minutes by road
• Payload Capacity: Up to 5 kg
• Flight Range: 60-90 km on a single charge

The successful test, conducted in the presence of Shri Shashank Mani, Honorable Member of Parliament from Deoria, underscores Delhivery's commitment to leveraging cutting-edge technology for improving logistics efficiency.

Implications for Rural Connectivity

1. Faster Delivery: The drone completed a medicine delivery in just 12 minutes, a journey that typically takes 40 minutes by road.
2. Infrastructure Challenges: The technology aims to overcome existing infrastructure limitations in rural areas.
3. Emergency Services: Potential for rapid delivery of critical supplies, especially in medical emergencies.

Delhivery's Drone Fleet

Delhivery is developing a prototype drone fleet with the following specifications:

The company is also working on a more advanced platform capable of carrying up to 20 kg payloads, emphasizing significant indigenized content.

Economic Impact

The introduction of drone technology in logistics is expected to create new employment opportunities in Tier-2 and Tier-3 cities, including:

• Skilled drone pilots
• Maintenance engineers
• Ground operations staff

Financial Perspective

While the drone technology represents an innovative step for Delhivery, it's important to consider the company's financial position. Delhivery's consolidated balance sheet shows:

The company's growing asset base and equity position suggest a solid financial foundation to support its technological innovations.

Conclusion

Delhivery's successful drone test in Deoria marks a significant milestone in the company's efforts to transform rural logistics. By combining technological innovation with its extensive logistics network, Delhivery is positioning itself at the forefront of the evolving e-commerce and delivery landscape in India. As the company continues to invest in cutting-edge solutions, it may well reshape the future of last-mile delivery, particularly in hard-to-reach rural areas.

Investors and industry observers will be keenly watching how this technology scales and its potential impact on Delhivery's operational efficiency and market position in the coming years.

Delhivery Limited Announces Latest Stock Option Grant

Delhivery Limited , a prominent logistics and supply chain services company, has announced the grant of 83,900 stock options to eligible employees under its Employee Stock Option Plans. The Nomination and Remuneration Committee of the Board of Directors approved this grant, demonstrating the company's continued commitment to aligning employee interests with shareholder value.

Grant Details and Distribution

The stock options were granted across two employee stock option plans with the following distribution:

Key Terms and Conditions

The granted stock options come with standardized terms across both plans:

Vesting Schedule Structure

Both ESOP 2012 and ESOP 2021 options follow an identical vesting pattern designed to encourage long-term employee retention:

• Year 1: 10% of granted options vest after 12 months
• Year 2: 30% of granted options vest after 24 months
• Years 3-4: Remaining 60% vest at 15% every 6 months

Employees can exercise their vested options at any time while they remain employed with the company, providing flexibility in timing their equity participation.

Strategic Impact and Compliance

This stock option grant aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring full regulatory compliance. The equity shares resulting from option exercises will rank pari passu with existing equity shares and will not be subject to lock-in restrictions.

The grant represents Delhivery's strategic approach to talent retention and performance motivation in the competitive logistics sector. By offering equity ownership at a nominal exercise price, the company strengthens its ability to attract and retain key personnel while fostering a culture of shared success.