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 2,73,560 stock options to eligible employees on July 2, 2025. Of these, 79,500 options were granted under the ESOP-2012 plan and 1,94,060 under the ESOP-2021 plan. Each option is convertible into one equity share of Re. 1 face value at an exercise price of just Re. 1 per share. Vesting happens gradually over 4 years (ESOP-2012) or 3 years (ESOP-2021) from the grant date, subject to continued employment. Shares issued upon exercise will not be subject to any lock-in period and will rank equally with existing equity shares.
This is a routine ESOP grant that creates a small potential dilution of about 2.73 lakh shares on full exercise. Given the nominal exercise price of Re. 1, these are essentially retention tools for employees. Shareholders should note the marginal share count increase but no immediate cash impact or near-term dilution since vesting is spread over multiple years.