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

Delhivery Limited's Nomination and Remuneration Committee has approved a significant employee stock option grant, demonstrating the company's commitment to employee retention and incentivization through equity participation.

Stock Option Grant Details

The company has granted 58,250 stock options under the Delhivery Employees Stock Option Plan 2012 to eligible employees, with the grant taking effect from April 01, 2026. This grant was approved by the board committee on April 02, 2026, in compliance with SEBI regulations.

Vesting Schedule and Terms

The stock options are structured with a comprehensive vesting mechanism designed to encourage long-term employee commitment. Out of the total 58,250 options, 53,250 follow a specific vesting timeline, while 5,000 options have a separate schedule approved by the Nomination and Remuneration Committee.

Primary Vesting Structure (53,250 options):

• 10% vest after completion of 12 months from grant date
• 30% vest after completion of 24 months from grant date
• Remaining options vest at 15% every 6 months thereafter

Secondary Vesting (5,000 options):

• Vest between 1-4 years from grant date as per NRC-approved schedule

Exercise and Conversion Terms

Each stock option is convertible into one fully paid-up equity share having a face value of Re. 1. The exercise price has been set at Re. 1 per share, making it accessible for eligible employees. Options can be exercised anytime from their respective vesting dates while the employee remains with the company.

The equity shares arising from option conversion will rank pari passu with existing equity shares and will not be subject to lock-in restrictions. The grant includes provisions for corporate actions such as rights issues, bonus issues, mergers, or other reorganizations, ensuring fair treatment of option holders.

Regulatory Compliance

This stock option grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and has been disclosed under Regulation 30 of SEBI Listing Regulations. The disclosure demonstrates Delhivery's commitment to transparent corporate governance and regulatory adherence in its employee benefit programs.