Delhivery Limited has completed the allotment of 86,225 equity shares following the exercise of vested employee stock options, as approved by the company's Stakeholders' Relationship Committee on April 08, 2026. The allotment was conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Allotment Details

The total allotment of 86,225 equity shares was distributed across two employee stock option plans:

All shares carry a face value of Re. 1/- each and are fully paid-up. The newly allotted equity shares rank pari-passu with the existing equity shares of the company in all respects.

Exercise Pricing Structure

The options were exercised at varying price points across the two schemes:

The total money realized through the exercise of these options amounted to Rs. 4,85,177.85/-.

Impact on Share Capital

Following this allotment, the company's paid-up share capital has increased:

The diluted earnings per share calculation is based on the company's Q3FY26 earnings report.

Regulatory Compliance

The share allotment adheres to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options vest according to schedules determined by the Nomination and Remuneration Committee, with vested options exercisable at any time from their respective vesting dates as per grant terms.

Key features of the ESOP schemes include provisions for handling options in cases of employee death, resignation, or termination, and automatic adjustments for corporate actions such as rights issues or bonus issues. The allotted shares are not subject to any lock-in restrictions and carry full voting and dividend rights equivalent to existing equity shares.

Delhivery Limited has successfully completed the dispatch of its postal ballot notice dated March 19, 2026, and commenced the remote electronic voting process for significant board governance matters. The logistics company confirmed the completion of electronic dispatch on April 7, 2026, and published newspaper advertisements on April 8, 2026, informing shareholders about the voting facility.

Postal Ballot Process Implementation

The company has established a comprehensive framework for shareholder participation through National Securities Depository Limited (NSDL) electronic voting platform. The postal ballot seeks approval for six special resolutions covering the appointment of a new Independent Director and remuneration revisions for existing board members.

New Independent Director Appointment

The company proposes to appoint Ms. Neelam Dhawan (DIN: 00871445) as Non-Executive Independent Director with effect from March 20, 2026. Her appointment is structured for a five-year term extending until March 19, 2031, with the board also approving her designation as Chairperson effective April 1, 2026.

Ms. Dhawan brings extensive technology and business leadership experience, having previously served as Managing Director at Microsoft Corporation (India) Private Limited and Vice President at Hewlett-Packard Enterprise India. She currently holds Independent Director positions at prominent companies including Hindustan Unilever Limited, Tech Mahindra Limited, and Ather Energy Limited.

Remuneration Revisions for Existing Directors

The postal ballot seeks approval for revised remuneration structures for five existing Independent Directors, representing an increase from the previously approved ₹6.00 million per annum to ₹7.00 million per annum.

The proposed remuneration structure includes ₹7.00 million per annum as base compensation plus an additional ₹0.50 million per annum for chairing any Board committee, along with sitting fees for meeting attendance.

Regulatory Compliance and Shareholder Communication

The company has published advertisements in Financial Express (English) and Jansatta (Hindi) newspapers confirming the dispatch completion and providing e-voting details. The postal ballot notice has been distributed electronically to all eligible shareholders whose email addresses are registered with the company, registrar, or depositories as of the cut-off date.

All proposed resolutions require approval through special resolutions, necessitating support from at least 75% of voting shareholders. The company has appointed Mr. Prabhakar Kumar of M/s VAPN & Associates as Scrutinizer to conduct the voting process in a fair and transparent manner.

The postal ballot notice remains available on the company's website at www.delhivery.com , stock exchange websites, and NSDL's e-voting platform at www.evoting.nsdl.com for shareholder reference and participation.

Source: None/Company/INE148O01028/d31653c7-4da9-45bb-9b7f-b5589ff13498.pdf