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 has informed stock exchanges about a GST order received by its subsidiary Ecom Express Limited on December 30, 2025. The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations on December 31, 2025.

GST Order Details

The Office of the Excise and Taxation Officer, Panipat - Haryana issued an order under Section 73 of the CGST/Haryana GST Act, 2017, for financial year 2021-22. The order confirms significant financial liabilities for Ecom Express Limited across multiple components.

Nature of Violation

The GST demand has been raised specifically on account of disallowance of input tax credit claimed by Ecom Express Limited. Input tax credit allows businesses to claim credit for taxes paid on inputs used in the course of business operations.

Company's Response and Impact Assessment

Ecom Express Limited plans to challenge the order through proper legal channels. The company has outlined its response strategy and impact assessment in the regulatory filing.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI Listing Regulations, which requires listed companies to inform stock exchanges about material events. The filing was signed by Madhulika Rawat, Company Secretary and Compliance Officer of Delhivery Limited, with membership number F8765.

The company has also indicated that this disclosure will be hosted on Delhivery's official website at www.delhivery.com for public access and transparency.