Delhivery Limited has completed the allotment of 1,96,962 equity shares following the exercise of vested employee stock options, as approved by the company's Stakeholders' Relationship Committee on January 09, 2026. The allotment represents the conversion of stock options across three employee benefit schemes and resulted in an increase in the company's paid-up share capital.

Share Allotment Breakdown

The total allotment of 1,96,962 equity shares was distributed across three distinct Employee Stock Option Plans:

All shares carry a face value of ₹1.00 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 depending on the scheme and grant terms:

ESOP 2012 Exercise Prices:

• 500 options at ₹0.10 each
• 1,37,942 options at ₹1.00 each
• 12,000 options at ₹16.28 each
• 19,020 options at ₹29.85 each

ESOP II 2020 and ESOP III 2020:

• 2,500 options at ₹0.10 each (ESOP II 2020)
• 25,000 options at ₹0.10 each (ESOP III 2020)

Financial Impact

The exercise of these stock options generated ₹9.04 lakh in proceeds for the company. Consequently, Delhivery's paid-up share capital has increased from ₹74,80,95,781 to ₹74,82,92,743.

Regulatory Compliance and Terms

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The employee stock option schemes comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key features of the ESOP terms include provisions for handling options in cases of death, permanent incapacity, resignation, termination, or retirement. The schemes also incorporate adjustment mechanisms for corporate actions such as rights issues, bonus issues, share splits, or reorganizations. Importantly, the equity shares allotted through option exercise are not subject to any lock-in restrictions and can be freely traded upon allotment.

Delhivery Limited Announces Latest Stock Option Grant

Delhivery Limited , a prominent logistics and supply chain services company, has announced the grant of 83,900 stock options to eligible employees under its Employee Stock Option Plans. The Nomination and Remuneration Committee of the Board of Directors approved this grant, demonstrating the company's continued commitment to aligning employee interests with shareholder value.

Grant Details and Distribution

The stock options were granted across two employee stock option plans with the following distribution:

Key Terms and Conditions

The granted stock options come with standardized terms across both plans:

Vesting Schedule Structure

Both ESOP 2012 and ESOP 2021 options follow an identical vesting pattern designed to encourage long-term employee retention:

• Year 1: 10% of granted options vest after 12 months
• Year 2: 30% of granted options vest after 24 months
• Years 3-4: Remaining 60% vest at 15% every 6 months

Employees can exercise their vested options at any time while they remain employed with the company, providing flexibility in timing their equity participation.

Strategic Impact and Compliance

This stock option grant aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring full regulatory compliance. The equity shares resulting from option exercises will rank pari passu with existing equity shares and will not be subject to lock-in restrictions.

The grant represents Delhivery's strategic approach to talent retention and performance motivation in the competitive logistics sector. By offering equity ownership at a nominal exercise price, the company strengthens its ability to attract and retain key personnel while fostering a culture of shared success.