Delhivery Limited has informed the Exchange about Grant of Stock Options under Delhivery Employees Stock Option Plan, 2012
DELHIVERY · price
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Delhivery Limited has announced the grant of 1,00,360 stock options to eligible employees under its ESOP 2012 plan. The options have an exercise price of Re. 1 per share, which is the face value of the equity shares. Out of the total options, 88,360 will vest over 4 years and 12,000 will vest over 3 years from the grant date of May 1, 2026, following specified vesting schedules. The company has confirmed compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Shares allotted upon exercise will not have any lock-in period and will rank pari passu with existing equity shares.
This announcement indicates management is aligning employee interests with shareholders through equity compensation. The very low exercise price (Re. 1) suggests attractive terms for employees. While dilutive to existing shareholders, ESOPs are a standard talent retention tool and may positively impact operational performance.