Delhivery Limited (DELHIVERY) — Board Meeting | 16 May 2025(2 announcements)

Delhivery's board appointed Suraj Saharan as an Additional Director and Whole-time Executive Director and Chief People Officer for a five-year term starting May 16, 2025, pending shareholder approval. The appointment follows recommendations from the Nomination and Remuneration Committee and complies with SEBI regulations. Saharan, a co-founder and current Chief People Officer, brings extensive experience in operations and strategy. The move strengthens leadership continuity but introduces no immediate financial or operational changes. Investors should note this leadership reinforcement may enhance execution of growth initiatives.

Delhivery Limited reported FY2025 revenue of ₹82,524.47 crores, up 10.5% YoY, with profit before tax at ₹1,125.27 crores and total assets of ₹124,299.28 crores. The board approved audited standalone and consolidated results for the quarter and year ended March 31, 2025, following an unmodified audit opinion from Deloitte Haskins & Sells LLP. Key disclosures include amortization impacts from the Spoton Logistics acquisition, IPO proceeds utilization, and pending merger with Spoton Logistics Private Limited. Capital expenditure plans total ₹1,600 crores for infrastructure and logistics upgrades.