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.

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.