Delhivery Limited has approved the grant of 58,250 stock options to eligible employees under its 2012 Employee Stock Option Plan (ESOP). These options, effective from April 01, 2026, are convertible into fully paid-up equity shares with a face value of Re. 1/- each. This strategic move aims to incentivize employees while aligning their interests with the long-term growth and performance of the company.
Stock Option Details
On April 02, 2026, the Nomination and Remuneration Committee of Delhivery Limited officially approved the grant of 58,250 stock options. Each option carries an exercise price of Re. 1/- per share. These options are designed to reward eligible employees and encourage continued commitment to the organization.
Vesting Schedule and Terms
The vesting process is structured to ensure long-term retention. For a significant portion of the options, 10% will vest after 12 months, 30% after 24 months, and the remaining balance will vest at a rate of 15% every 6 months thereafter. A specific subset of 5,000 options follows a distinct schedule, vesting between 1 and 4 years from the date of grant.
Once vested, employees have a 4-year window from the grant date to exercise their options, provided they remain in active employment with the company. Furthermore, the resulting equity shares will not be subject to lock-in and will rank pari passu with existing equity shares from the date of allotment.
Corporate Adjustments
The company has established clear protocols for corporate actions. In the event of a rights issue, bonus issue, stock split, or merger, the company will make fair and reasonable adjustments to the options, ensuring the interests of the employees remain protected in alignment with the established ESOP 2012 framework.
Source: BSE
