Delhivery Limited has informed the Exchange about Grant of Options to purchase securities
DELHIVERY · price
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Delhivery's Nomination and Remuneration Committee approved the grant of 44,650 stock options to eligible employees under the ESOP-2012 plan, with effect from May 1, 2025. Each option is convertible into one equity share of Re. 1 face value, exercisable at Re. 1 per share. The options vest over 4 years — 10% after 12 months, 30% after 24 months, and the remaining 15% every 6 months thereafter. No options have been exercised, lapsed, or varied yet. The plan is compliant with SEBI's Share Based Employee Benefits Regulations, 2021.
The grant size is small relative to Delhivery's overall share base, so dilution impact is minimal. However, the very low exercise price of Re. 1 means these options are highly lucrative for employees, which could serve as a retention tool. Existing shareholders may see a marginal increase in share count if all options are eventually exercised.