Delhivery Limited has granted 1,87,375 stock options to eligible employees under its Delhivery Employees Stock Option Plan IV, 2021 (ESOP-2021), effective June 22, 2026. The grant was approved by the company's Nomination and Remuneration Committee (NRC) on June 19, 2026. Each stock option is convertible into one fully paid-up equity share with a face value of Re. 1, and the exercise price is fixed at Re. 1 per share.

The vesting of these options is subject to the fulfilment of conditions specified in the ESOP-2021 scheme. The options will vest in a staggered manner over a period of three years from the date of grant. Specifically, 20% of the options will vest upon the completion of 12 months, 30% upon the completion of 24 months, and the remaining 50% upon the completion of 36 months.

Employees can exercise the vested options any time from the respective vesting dates until they continue in the employment of the company. The equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period and will rank pari passu with existing equity shares from the date of allotment.

The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure regarding this grant has been submitted to the stock exchanges in accordance with Regulation 30 of the SEBI Listing Regulations.

Key Details of ESOP Grant

The terms of the grant also include provisions for adjustments in case of corporate actions such as rights issues, bonus issues, splits, or mergers. Additionally, the scheme outlines how options will be handled in cases of death, permanent incapacity, resignation, or retirement of employees.

Delhivery Limited has commenced the remote e-voting process for a postal ballot seeking shareholder approval to appoint Mr. Kabir Ahmed Shakir as a Non-Executive Independent Director. The resolution, classified as a Special Resolution, also seeks approval for the payment of remuneration to the director for a tenure of five years effective from May 16, 2026, to May 15, 2031. The electronic dispatch of the postal ballot notice was completed on Tuesday, June 9, 2026, to members registered as on the cut-off date of Friday, June 5, 2026.

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting facility. The e-voting period started on Wednesday, June 10, 2026, at 9:00 AM IST and will conclude on Thursday, July 9, 2026, at 5:00 PM IST. Shareholders who have not received the notice may obtain their Login ID and Password by contacting NSDL or the company's Registrar and Transfer Agent, MUFG Intime India Private Limited.

Mr. Prabhakar Kumar, Partner of M/s VAPN & Associates, has been appointed as the Scrutinizer to ensure the conduct of the postal ballot is fair and transparent. The results of the voting will be announced on or before Monday, July 13, 2026, and subsequently communicated to the stock exchanges. The resolution will be deemed to have been passed on the last date of e-voting, July 9, 2026, if approved by the requisite majority.

The proposed remuneration for Mr. Kabir Ahmed Shakir is ₹7.0 million per annum, in addition to sitting fees for attending Board and Committee meetings. The appointment is subject to the approval of members and is based on the recommendation of the Nomination and Remuneration Committee. The director has submitted the necessary declarations confirming his independence and compliance with regulatory requirements.

Key Event Details

Resolution Details