Delhivery Limited has informed the Exchange about Options to purchase securities
DELHIVERY · price
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Delhivery's Nomination and Remuneration Committee approved the grant of 1,54,500 stock options to eligible employees under the ESOP-2021 plan on June 21, 2025, effective June 22, 2025. Each option can be converted into one equity share of Re. 1 face value, with a very nominal exercise price of just Re. 1 per share. The options will vest over 3 years in tranches of 20%, 30%, and 50% at the end of 12, 24, and 36 months respectively from the grant date. The grant is in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and shares issued upon exercise will not carry any lock-in period.
This is a routine employee incentive grant with minimal dilution of just 1.54 lakh shares, which is immaterial relative to Delhivery's total equity base. The extremely low exercise price of Re. 1 is employee-friendly and signals strong retention intent, but shareholders should note the small incremental share supply upon vesting and exercise over the next 3 years.