Delhivery Limited has announced the grant of 31,300 stock options under its Employee Stock Option Plan 2012 (ESOP 2012) to eligible employees. The Nomination and Remuneration Committee of the Board of Directors approved this grant on March 03, 2026, with the options taking effect from March 01, 2026.

Grant Details and Structure

The stock option grant covers 31,300 equity shares, with each option convertible into one fully paid-up equity share having a face value of Re. 1/- each. The exercise price has been set at Re. 1/- per share, making it an attractive proposition for eligible employees.

Vesting Schedule and Exercise Terms

The stock options will vest over a structured 4-year period, subject to fulfillment of conditions specified in ESOP 2012. The vesting schedule follows a graduated approach designed to retain talent over the long term.

Employees can exercise their vested options at any time from the respective vesting dates, provided they continue in the employment of the company. The 31,300 options will vest completely over the 4-year period as per the terms of grant.

Regulatory Compliance and Key Terms

The grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has made the required disclosure under Regulation 30 of SEBI Listing Regulations to both BSE Limited and National Stock Exchange of India Limited.

Key features of the stock option grant include:

• Corporate Actions: Requisite adjustments will be made for rights issues, bonus issues, stock splits, mergers, or other corporate reorganizations
• Lock-in Period: Equity shares allotted upon exercise will not be subject to any lock-in restrictions
• Ranking: ESOP shares will rank pari passu with existing equity shares from the date of allotment
• Contingency Provisions: Terms address scenarios including death, permanent incapacity, resignation, termination, and retirement

Strategic Significance

This ESOP grant represents Delhivery's continued commitment to employee retention and motivation through equity participation. The structured vesting schedule ensures long-term employee engagement while aligning their interests with the company's growth trajectory. The disclosure has been made available on the company's website at www.delhivery.com as per regulatory requirements.

Delhivery Limited has announced a strategic partnership with NVIDIA to develop AI-powered location intelligence solutions specifically tailored for India's complex geography and unique addressing systems. The collaboration, unveiled at the India AI Summit on February 19, 2026, represents a significant step toward creating India-first mapping solutions that address the country's distinct geographical and addressing challenges.

Partnership Overview

The partnership aims to combine Delhivery's extensive logistics data with NVIDIA's advanced AI technologies to create highly accurate and scalable mapping solutions. The collaboration will leverage several key NVIDIA technologies to unlock the potential of Delhivery's proprietary dataset.

Key Capabilities and Solutions

The partnership focuses on developing three critical capabilities to address India's unique mapping challenges:

Address Intelligence Features

• Address Disambiguation: Technology to distinguish between phonetically similar addresses and localities
• Contextual Inference: Systems to decipher unstructured address descriptions
• Predictive Sequencing: Optimization tools for last-mile routes in dense, unplanned urban areas

These capabilities directly address the challenges posed by India's addressing systems, which often rely on community landmarks, variable sequencing, and local vernacular rather than standardized global coordinates.

Market Context and Challenges

India's geographic diversity and rapid urbanization present unique challenges for conventional mapping tools designed for other markets. Traditional global mapping solutions often struggle with the nuances of Indian addresses, which are frequently unstructured and depend heavily on local context and community knowledge.

Leadership Perspectives

Kapil Bharati, Co-founder & Chief Technology Officer at Delhivery, emphasized the need for India-specific solutions: "Bharat needs mapping solutions that operate at scale and can understand the pulse of its streets. Standard global mapping tools often struggle with nuances of Indian addresses. By combining Delhivery's dataset of billions of shipments with NVIDIA's accelerated computing, we are exploring a location intelligence layer to power India's digital growth."

Vishal Dhupar, Managing Director, Asia South at NVIDIA, highlighted the broader implications: "NVIDIA technologies are enabling developers and companies to turn complex data into actionable insights. Delhivery's work demonstrates how NVIDIA AI infrastructure and open AI models like NVIDIA Nemotron can help address large-scale geospatial challenges to help India technology leaders provide a new wave of AI-powered applications and services."

Strategic Impact

The collaboration positions Delhivery's India-first mapping platform as foundational digital infrastructure for applications requiring precise, intelligent, and up-to-date location data. With a focus on performance, scalability, and local relevance, the platform aims to support India's growing digital economy by providing mapping solutions that understand the country's unique geographical and cultural context.