Delhivery Limited's Board of Directors, at its meeting held on May 16, 2026, formally acknowledged a fine imposed by the National Stock Exchange of India Limited (NSE) for a delayed submission of Related Party Transactions (RPT) disclosure. The delay pertained to the half year ended September 30, 2025, under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board's acknowledgment was made pursuant to a SEBI Master Circular and the NSE notice bearing Ref. No. NSE/LIST-SOP/FINES/1339 dated December 16, 2025.

Nature and Details of the Non-Compliance

The NSE identified that Delhivery had delayed the filing of its RPT disclosure on the NSE platform for the half year ended September 30, 2025. The non-compliance spanned 2 days, attracting a fine of Rs. 5,000 per day. Notably, the board clarified that the said disclosure was filed on time on the BSE platform, with the delay being specific to the NSE platform. The fine breakdown, as detailed in the NSE notice annexure, is presented below:

Board's Response and Corrective Measures

The Board of Directors took note of the facts surrounding the delay and advised the management to ensure timely compliance in the future. The board confirmed that the company has paid the fine levied by NSE within the prescribed timeline. The company further stated that it has undertaken necessary steps to strengthen its internal processes to prevent such inadvertent delays going forward.

Regulatory Context

The NSE notice, issued under the Master Circular bearing SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, outlined the Standard Operating Procedure for imposing fines in cases of non-compliance with Listing Regulations. As per the Master Circular, non-compliant companies are required to place the identified non-compliance and subsequent exchange action before the Board, and communicate the Board's comments to the exchange. Delhivery has fulfilled this requirement through its filing dated May 16, 2026. The board communication was signed by Madhulika Rawat, Company Secretary & Compliance Officer (Membership No.: F8765).

Delhivery Limited has announced the elevation of six senior leaders to Executive leadership positions, effective May 16, 2026. The appointments, made in compliance with Regulation 30 of the SEBI Listing Regulations, underscore the company’s continued growth trajectory and organisational maturity. The newly designated Key Managerial Personnel (KMP) will oversee critical functions including network operations, engineering, procurement, sales, and corporate strategy.

Leadership Appointments Across Key Roles

The six executives appointed to the C-suite bring extensive experience from within the organisation. The following table summarises the new designations:

Strategic Responsibilities and Profiles

Mr. Arun Bagavathi will hold enterprise-wide accountability for the end-to-end performance and efficiency of Delhivery’s nationwide logistics network. He has previously led the company's network operations, fleet management, and control tower functions.

Mr. Prashant Gazipur will lead all city-level operations strategy, including building out last-mile franchise pickup and drop operations. An alumnus of IIM Ahmedabad, he has been instrumental in scaling the company’s last-mile reach and capacity.

Mr. Nikhil Ummat is tasked with driving the company’s engineering and automation infrastructure strategy. He has led automation initiatives and fulfillment centre operations, and heads Delhivery’s proprietary drone and robotics programme.

Mr. Kumar Sunny Raja, as Chief Procurement Officer, will take on broader accountability for effective capex strategy, partner management, and commercial optimisation. He has played a pivotal role in building the organisation's real estate, infrastructure, and procurement functions.

Mr. Varun Bakshi will lead the overall direct and cross-selling strategy across all business lines and customer segments. He has been instrumental in scaling Delhivery’s Part Truckload (PTL) business and building enterprise relationships.

Mr. Vikas Kapoor will shape the company's long-term strategic priorities and identify new growth opportunities. He has led Delhivery’s Full Truckload (FTL) business and brings strong commercial and market understanding.

Management Commentary

Sahil Barua, Managing Director & Chief Executive Officer of Delhivery, stated that these elevations recognise the exceptional depth of leadership within the company. He highlighted that the appointees have demonstrated outstanding operational capability and business acumen, noting that it is natural for seasoned professionals to take on enterprise-wide mandates as the organisation scales to serve a larger customer base and manage greater complexity.