Grant of 1,00,360 stock options under Delhivery Employees Stock Option Plan, 2012
DELHIVERY · price
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Delhivery Ltd has announced the grant of 1,00,360 stock options to eligible employees under the ESOP 2012 scheme, effective May 1, 2026. Each option can be exercised into one equity share at a face value of Re. 1 per share. The vesting schedule for 88,360 options spans 4 years: 10% vests after 12 months, 30% after 24 months, and the remaining 15% every 6 months thereafter. The remaining 12,000 options vest over 3 years. The company confirms compliance with SEBI's Share Based Employee Benefits Regulations, 2021. No options have been exercised, lapsed, or cancelled yet as this is a fresh grant.
The impact on shareholders is minimal due to the small number of options relative to total shares outstanding. The very low exercise price of Re. 1 aligns employee incentives with company performance but may cause minor dilution when exercised. The shares arising from exercise will not carry any lock-in period.