Listed logistics service provider Delhivery’s board has approved an allotment of 1.48 Lakh equity shares under its existing employee stock option plan (ESOP).

As per the company’s regulatory filing on Monday (March 3), the startup said that its board approved the allotment of 1,48,100 equity shares at a face value of INR 1 each to eligible employees upon exercise of vested options under the Delhivery Employees Stock Option Plan 2012 (ESOP-2012), with effect from March 1, 2025.

Shares of Delhivery fell as low as 2.7% to INR 246.60 apiece on the BSE intraday morning trade today (March 4), while its market capitalisation currently stands at INR 18,691.93 Cr ($2.14 Bn).

Based on the stock’s previous closing price of INR 253.45, the newly allotted equity shares are worth INR 3.75 Cr.

To note, the stock has been on the downward trend influenced by the broader market decline.

As of 10:49 AM, Indian market indices such as Sensex was down 0.21% at 72,932.94, while Nifty 50 was down 0.22% at 22,070.75.

The company’s shares have previously touched its all-time low of INR 244.40, a few days ago.

Further, Delhivery from the West Bengal Goods and Services Tax (GST) department, asking it to pay INR 5.35 Cr tax amount, in the past week. Besides the tax amount, the company was also asked to pay interest and a penalty of INR 53.57 Lakh.

Despite the negative outlook, the company in FY25, where its consolidated net profit zoomed 114% to INR 24.98 Cr, compared to INR 11.70 Cr, from a year ago. Further, Delhivery’s revenue from contracts with customers rose over 8% to INR 2,378.29 Cr during the quarter under review from INR 2,194.46 Cr in Q3 FY24.

Additionally, in February, the company Vani Venkatesh as chief business officer, effective February 28.

On grounds of stock options for employees, the logistics unicorn previously allotted over 8.2 Lakh equity shares in February and 7.71 Lakh equity shares in January, under its various employee stock option (ESOP) schemes.

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