Delhivery Limited has approved the grant of 9,00,000 stock options to its employees under the Delhivery Employees Stock Option Plan IV, 2021. This significant decision was ratified by the company’s members at the Annual General Meeting held on September 22, 2026. The options are exercisable at a nominal price of Re. 1/- per share, with vesting scheduled over a three-year period starting 12 months from the grant date. Key management personnel are beneficiaries of these grants.
Delhivery Approves Employee Stock Options
Delhivery Limited announced on September 22, 2026, that its members, during the Annual General Meeting, approved the grant of 9,00,000 stock options. These options are issued under the company’s existing Delhivery Employees Stock Option Plan IV, 2021 (ESOP-2021). This move is designed to incentivize and retain key talent within the organization.
Grant Details and Vesting Schedule
The approved stock options will be granted with an exercise price of Re. 1/- per share. The total number of shares covered by these options amounts to 9,00,000 equity shares, each with a face value of Re. 1/-. The vesting of these options will occur in tranches over a period of three years from the grant date:
- 20% of the stock options will vest upon the completion of 12 months from the grant date.
- 30% will vest upon the completion of 24 months from the grant date.
- The remaining 50% will vest upon the completion of 36 months from the grant date.
Options can be exercised anytime from their respective vesting dates until the employee’s continuous employment with the company concludes.
Beneficiaries and Share Allotment
Specifically, the grant includes 4,50,000 stock options for Mr. Sahil Barua, Managing Director and Chief Executive Officer; 2,25,000 stock options for Mr. Kapil Bharati, Whole-time Director (Executive Director and Chief Technology Officer); and 2,25,000 stock options for Mr. Suraj Saharan, Whole-time Director (Executive Director and Chief People Officer). The equity shares issued upon the exercise of these options will rank pari passu with existing equity shares and will not be subject to any lock-in period.
Source: BSE
