Delhivery issues new equity shares after employee stock option exercises

Delhivery Limited announced on September 11, 2025, the allotment of 696,042 new equity shares with a face value of Re. 1/- each, fully paid up. This allotment follows the exercise of vested employee stock options under two plans: the Delhivery Employee Stock Option Plan, 2012 ("ESOP 2012") and the Delhivery Employee Stock Option Plan III, 2020 ("ESOP III 2020"). Specifically, 217,442 shares were allotted under ESOP 2012, and 478,600 shares under ESOP III 2020. The equity shares allotted rank pari-passu with existing shares in all respects.

The exercise of these options has led to an increase in Delhivery’s paid-up share capital from Rs. 74,67,19,180/- to Rs. 74,74,15,222/-. The company realized Rs. 28,30,147.25 from the exercise of these options. The exercise prices for ESOP 2012 varied: 128,257 options at Re. 1/-, 600 options at Rs. 16.28/-, and 88,585 options at Rs. 29.85/-. For ESOP III 2020, 478,600 options were exercised at Re. 0.10/-.

The company also reported a diluted earnings per share of Re. 1.50, calculated based on the earnings reported for Q1FY26 following the issue of these equity shares. The vested options can be exercised at any time from their respective vesting dates, and the allotted equity shares are not subject to any lock-in period.