Delhivery Limited announced that its Nomination and Remuneration Committee (NRC) has approved the grant of 31,300 stock options under the Delhivery Employees Stock Option Plan 2012 (ESOP 2012) to eligible employees on March 03, 2026. The stock options are exercisable at ₹1 per share, with each option convertible into one fully paid-up equity share of face value ₹1. The options will vest over a period of four years from the grant date, with 10% vesting after 12 months, 30% after 24 months, and the remainder vesting every six months thereafter. The terms of the grant include provisions for various employee separation scenarios and adjustments in case of corporate actions like rights issues, bonus issues, or mergers. Shares allotted upon exercise of these options will rank pari passu with existing equity shares and will not be subject to a lock-in period.
