Delhivery Limited has informed the Exchange regarding Allotment of 86225 Equity Shares upon exercise of vested Options.
DELHIVERY · price
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Delhivery Limited's Stakeholders' Relationship Committee approved the allotment of 86,225 equity shares of Rs. 1 face value each to employees who exercised their vested stock options. Of these, 69,025 shares were issued under the ESOP 2012 plan and 17,200 shares under ESOP III 2020 plan. The exercise prices varied from Re. 0.10 to Rs. 29.85 per option, generating total money of Rs. 4,85,177.85 for the company. As a result, the company's paid-up share capital increased marginally from Rs. 74,86,08,108 to Rs. 74,86,94,333. The new shares rank pari-passu with existing equity shares and are not subject to any lock-in. Diluted EPS after this issuance stands at Rs. 0.99.
This is a routine dilution from employee stock option exercises and has minimal impact on existing shareholders. The increase in share count is marginal (0.01% of total capital) and the cash generated is small at under Rs. 5 lakh, which is not material for Delhivery's balance sheet.