Delhivery’s Nomination and Remuneration Committee has approved the grant of 83,900 stock options to eligible employees, effective January 5, 2026. The options are divided into 58,900 under the 2012 plan and 25,000 under the 2021 plan. These options will vest over a four-year period and are convertible into equity shares.
Stock Options Approved
The Nomination and Remuneration Committee (NRC) of Delhivery’s Board of Directors approved the grant of 83,900 stock options to eligible employees on January 5, 2026. This decision aims to incentivize and reward employees through equity participation.
Details of the Grant
The stock options are allocated across two plans:
- 58,900 stock options under the Delhivery Employees Stock Option Plan 2012 (“ESOP 2012”).
- 25,000 stock options under the Delhivery Employees Stock Option Plan IV, 2021 (“ESOP 2021”).
Each stock option is convertible into one fully paid-up equity share, each having a face value of Re. 1.
Vesting Schedule
The options will vest over a period of 4 years from the grant date, subject to continued employment. Here’s a breakdown of the vesting schedule:
ESOP 2012:
- 10% vests after 12 months.
- An additional 30% vests after 24 months.
- The remaining options vest at a rate of 15% every 6 months thereafter.
ESOP 2021:
- 10% vests after 12 months.
- An additional 30% vests after 24 months.
- The remaining options vest at a rate of 15% every 6 months thereafter.
Exercise Price
The exercise price for each option is set at Re. 1 per share. These options can be exercised anytime from their respective vesting dates, provided the employee remains employed by the company.
Source: BSE
