Delhivery Limited announced that its Nomination and Remuneration Committee has approved the grant of 31,300 stock options under the Delhivery Employees Stock Option Plan 2012 (ESOP 2012) to eligible employees. This grant took effect on March 03, 2026. Each option is convertible into one equity share with a face value of Re. 1/-. The exercise price is set at Re. 1/- per share, and vesting occurs over a 4-year period starting one year after the grant date.
ESOP Grant Details Approved
Delhivery Limited has officially confirmed the approval for the grant of 31,300 stock options to its eligible employee base. This action was sanctioned by the Nomination and Remuneration Committee (NRC) and is effective from March 01, 2026. The entire scheme operates under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Financial Terms of the Grant
Every stock option granted under this batch is convertible into one fully paid-up equity share of the company, bearing a face value of Re. 1/- each. Crucially, the exercise price for these options has been fixed at a nominal rate of Re. 1/- per share.
Vesting Schedule Overview
The options are subject to a structured vesting schedule over a period of 4 years from the grant date, provided the employee remains in service:
- 10% of the options vest upon the completion of 12 months from the grant date.
- 30% of the options vest upon the completion of 24 months from the grant date.
- The remaining 60% of the options will vest progressively at a rate of 15% every 6 months thereafter.
Terms of Exercise and Post-Allotment
Employees will be eligible to exercise vested options anytime during their employment. In the event of corporate actions such as rights issues, bonus issues, splits, or mergers, adjustments to the number of options will be made fairly according to the ESOP 2012 rules. The equity shares allotted upon exercise will rank pari passu with all other existing equity shares from the date of allotment and will not be subject to any lock-in period.
Source: BSE
