Delhivery Limited has informed the Exchange about grant of 58,250 Stock Options under Delhivery Employees Stock Option Plan, 2012
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Delhivery Limited has announced the grant of 58,250 stock options to eligible employees under its ESOP 2012 plan, effective April 1, 2026. Each stock option can be converted into one fully paid-up equity share with a face value of Re. 1/- each. The exercise price is set at Re. 1/- per share, which is significantly below market price, indicating a generous employee retention mechanism. The vesting schedule spans 4 years, with 10% vesting after 12 months, 30% after 24 months, and the remaining options vesting at 15% every 6 months thereafter. This is a routine employee compensation disclosure and does not indicate any immediate dilution as no options have been exercised yet.
The stock option grant has minimal immediate impact on shareholders as no shares are being issued yet. The very low exercise price (Re. 1/-) could lead to potential dilution when options are exercised in the future, but this is standard ESOP practice for employee retention.