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.

Delhivery Limited has announced the allotment of 2,30,313 equity shares following the exercise of vested employee stock options under multiple Employee Stock Option Plans (ESOPs). The Stakeholders' Relationship Committee approved this allotment on February 09, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

ESOP Exercise Details

The share allotment covers three distinct employee stock option plans operated by the company:

Exercise Pricing Structure

The options were exercised at varying price points across the different schemes:

ESOP 2012 Pricing:

• 1,61,263 options at Re. 1 per share
• 1,675 options at Re. 16.28 per share
• 9,875 options at Rs. 29.85 per share

ESOP II 2020 and ESOP III 2020:

• 7,500 options (ESOP II) at Re. 0.10 per share
• 50,000 options (ESOP III) at Re. 0.10 per share

Financial Impact

The exercise of these vested options generated Rs. 4,89,050.75 for the company. Following this allotment, Delhivery's paid-up share capital has increased from Rs. 74,82,92,743 to Rs. 74,85,23,056.

Regulatory Compliance

The ESOP schemes operate in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The newly allotted equity shares rank pari-passu with existing equity shares of the company in all respects and are not subject to any lock-in restrictions.

The diluted earnings per share following this share allotment stands at Re. 0.99, calculated based on the company's Q3FY26 earnings. The vested options can be exercised at any time from their respective vesting dates as per the terms of grant under each scheme.