Delhivery has announced the grant of 274,450 stock options to eligible employees under its Employee Stock Option Plan IV, 2021 (ESOP IV 2021). The grant was approved by the Nomination and Remuneration Committee on November 04, 2025. Each option is convertible into one equity share with a face value of Re. 1. The stock options will vest over four years.
ESOP Grant Details
Delhivery has granted 274,450 stock options to its eligible employees under the Delhivery Employees Stock Option Plan IV, 2021 (ESOP IV 2021), effective November 01, 2025. Each stock option can be converted into one fully paid-up equity share.
Key Terms of the Grant
Each stock option has a face value of Re.1 and can be exercised at Re. 1 per share. The options will vest over a period of 4 years from the grant date, as follows:
The terms of the grant determine how the options will be handled in situations such as death, incapacity, resignation, termination, or retirement. Adjustments to the number of options may be made in case of corporate actions, ensuring fair and reasonable treatment under ESOP IV 2021.
Equity shares allotted upon exercising the stock options won’t be subject to lock-in and will rank equally with all other equity shares from the allotment date.
Source: BSE
