Delhivery Limited has informed the Exchange about grant of Stock Options under Delhivery Employees Stock Option Plans
DELHIVERY · price
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Delhivery's Nomination and Remuneration Committee approved the grant of 83,900 stock options to eligible employees on January 5, 2026, effective from January 1, 2026. This includes 58,900 options under the ESOP 2012 plan and 25,000 options under the ESOP 2021 plan. Each option is convertible into one equity share with a face value of Re. 1, and the exercise price is set at Re. 1 per share. The options follow a standard 4-year vesting schedule, with 10% vesting after 12 months, 30% after 24 months, and the remaining 60% vesting in tranches of 15% every 6 months thereafter. There is no lock-in on shares arising from the exercise of these options.
This is a routine employee incentive grant covering 83,900 shares, which represents a very small dilution to existing shareholders. The nominal Re. 1 exercise price suggests these are part of standard long-term employee compensation, and the multi-year vesting schedule acts as a retention tool rather than a value transfer event.