Delhivery grants over 4.3 lakh stock options to employees

Delhivery Limited’s nomination and remuneration committee approved the grant of 4,36,800 stock options to eligible employees on September 4, 2025. This allocation includes 85,700 options under the Delhivery Employees Stock Option Plan 2012 (ESOP-2012) and 3,51,100 options under the Delhivery Employees Stock Option Plan IV, 2021 (ESOP-2021).

Each stock option is convertible into one fully paid-up equity share with a face value of Re.1/-, and the exercise price is set at Re. 1/- per share. These options are subject to vesting conditions specified in their respective ESOPs. The ESOP-2012 options will vest with 10% after 12 months, 30% after 24 months, and the remaining 15% every six months thereafter. The ESOP-2021 options will vest not earlier than one year and not later than four years from the grant date, according to the NRC-approved schedule.

Both sets of options, totaling 4,36,800 equity shares, are exercisable over a period of four years from the date of grant, contingent on continued employment. The equity shares allotted upon exercise will not be subject to lock-in and will rank pari passu with existing equity shares.