Delhivery Limited has informed the Exchange about Grant of 2,74,450 Stock Options under Delhivery Employees Stock Option Plan IV, 2021
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Delhivery's Nomination and Remuneration Committee approved the grant of 2,74,450 stock options to eligible employees under the ESOP IV 2021 plan, effective November 1, 2025. Each option is convertible into one equity share with a face value of Re. 1, and the exercise price has been fixed at a nominal Re. 1 per share. The options will vest over four years in a staggered manner — 10% after 12 months, 30% after 24 months, and 15% every six months thereafter. Shares arising from the exercise of these options will not be subject to any lock-in period. None of the newly granted options have been exercised yet, and the disclosure is being made under SEBI Listing Regulations.
This is a routine ESOP grant that creates a small potential dilution of around 2.74 lakh shares. The nominal Re. 1 exercise price is standard for ESOPs and means employees will benefit directly from any share price appreciation, which is generally viewed as a positive retention and motivation signal rather than a material event for existing shareholders.