Delhivery grants 44,650 stock options to employees

Logistics firm Delhivery (BSE:543529) announced the grant of 44,650 stock options to its employees under the Delhivery Employees Stock Option Plan 2012 ("ESOP-2012"), according to a regulatory filing. The Nomination and Remuneration Committee of the Board approved the grant on May 5, 2025. Each option is convertible into one fully paid-up equity share with a face value of INR1. The exercise price for each option is set at INR1 per share. Vesting will occur in stages: 10% after 12 months from the grant date, 30% after 24 months, and the remaining 15% every six months thereafter. The stock options can be exercised anytime after vesting while the employee remains employed by the company.