Delhivery grants 1.5 lakh stock options to employees

Delhivery Limited, a leading logistics and supply chain company, has approved the grant of 150,700 stock options to its eligible employees under the Delhivery Employees Stock Option Plan, 2012 ("ESOP 2012"). The grant was approved by the nomination and remuneration committee on December 1, 2025. 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.

Of the total options, 48,700 will vest over a four-year period, with 10% vesting after 12 months, 30% after 24 months, and the remaining 15% every six months thereafter. The remaining 102,000 options will vest over a three-year period, with 20% after 12 months, 30% after 24 months, and 50% after 36 months from the date of grant.

The company has clarified that the equity shares allotted upon the exercise of these options will not be subject to any lock-in period and will rank pari passu with other existing equity shares from the date of allotment. This move aims to incentivize and retain key talent within the organization.