Delhivery has approved the allotment of 86,225 equity shares after employees exercised their stock options.
The company’s Stakeholders’ Relationship Committee cleared the decision on April 8, 2026. In addition, each newly issued share carries a face value of Re 1 and comes under two existing employee stock option schemes.
Breakdown of the Share Issuance
Out of the total allotment, Delhivery issued 69,025 shares under its Employee Stock Option Plan 2012. Meanwhile, it allotted another 17,200 shares under the Employee Stock Option Plan III 2020.
Furthermore, the company confirmed that all newly issued shares will rank pari passu with existing equity shares. As a result, employees who receive these shares will enjoy the same voting rights, dividend benefits, and other shareholder privileges as current investors.
Share Capital Increases After the Issue
Following the allotment, Delhivery increased its paid-up share capital from Rs74,86,08,108 to Rs74,86,94,333.
At the same time, the company received Rs 4,85,177.85 from employees exercising their stock options. Therefore, the allotment reflects active employee participation in Delhivery’s equity-based incentive structure.
Exercise Prices and Vesting
The exercise price varied depending on the scheme and grant period.
Under the 2012 plan, employees exercised options at Re1, Rs16.28, and Rs29.85. By comparison, employees exercised options under the 2020 plan at a much lower price of Re0.10.
Moreover, Delhivery vested all options according to schedules set by its Nomination and Remuneration Committee. Employees then exercised those options within the approved period after vesting.
Regulatory Compliance and Employee Flexibility
At the regulatory level, Delhivery operates both ESOP schemes in line with the Securities and Exchange Board of India Share-Based Employee Benefits and Sweat Equity Regulations, 2021.
In addition, the company confirmed that these newly issued shares do not carry any lock-in period. Consequently, employees can sell or hold the shares immediately after allotment.
Why ESOPs Matter
Through ESOPs, companies such as Delhivery align employee interests more closely with long-term business performance.
When employees own a part of the company, they benefit directly from its growth. Therefore, ESOPs often improve retention, strengthen engagement, and encourage employees to think like long-term stakeholders rather than only as workers.
The allotment reflects the ongoing use of stock-based incentives to align employee interests with long-term company performance.
By converting options into equity, employees move from participants to stakeholders, linking individual contribution with enterprise value creation.
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Source: ISN
