Delhivery has granted 144,800 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 (NRC) of the Board of Directors on October 04, 2025. These options will vest over a 4-year period from the date of grant, subject to fulfillment of conditions.
Stock Option Grant Details
Delhivery Limited has announced the grant of 144,800 stock options to its eligible employees under the company’s Employee Stock Option Plan 2012, known as “ESOP-2012”. The approval was given by the Nomination and Remuneration Committee (NRC) of the Board of Directors on October 04, 2025.
Key Terms of the Grant
Each stock option is convertible into one fully paid-up equity share, each having a face value of Re.1. Thus, a total of 144,800 equity shares with a face value of Re.1 each are covered by the stock options granted. The exercise price for each option is set at Re. 1 per share.
Vesting Schedule
The vesting of the stock options is subject to the conditions specified in ESOP-2012. The vesting schedule is as follows:
10% of the stock options will vest upon completion of 12 months from the grant date.
An additional 30% will vest upon completion of 24 months from the grant date.
The remaining stock options will vest at a rate of 15% every 6 months thereafter.
Exercise Period
The granted stock options can be exercised any time from their respective vesting dates until the employee remains in the company. The options vest over 4 years from the date of grant, and the ability to exercise continues as long as the employee is with the company.
Source: BSE
