Key Details of the Grant

  • Number of Options Granted: 1,87,375 stock options
  • Plan: Delhivery Employees Stock Option Plan IV, 2021 (ESOP-2021)
  • Recipients: Eligible employees of the Company
  • Effective Date of Grant: June 22, 2026
  • Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Financial and Structural Details

  • Shares Covered: 1,87,375 equity shares of face value Re. 1/- each
  • Conversion: Each stock option is convertible into one fully paid-up equity share
  • Exercise Price: Re. 1/- per share

Vesting Schedule

The stock options vest subject to fulfilment of conditions specified in ESOP-2021:

  • 20% of options vest upon completion of 12 months from the date of grant
  • 30% of options vest upon completion of 24 months from the date of grant
  • 50% of options vest upon completion of 36 months from the date of grant

Exercise Period

The 1,87,375 stock options vest over a period of 3 years from the date of grant and can be exercised any time from the respective date(s) of vesting until an employee continues in the employment of the Company.

Significant Terms and Conditions

  • In case of merger/amalgamation, sale of division/undertaking, or other reorganization, requisite adjustments (which may include adjustments to the number of options) shall be made in a fair and reasonable manner according to ESOP-2021
  • Equity shares allotted pursuant to exercise of stock options are not subject to lock-in
  • ESOP shares arising from conversion of options shall rank pari passu with all other equity shares of the Company from the date of allotment

Current Status

  • Options exercised: Not Applicable
  • Money realized by exercise of options: Not Applicable
  • Total number of shares from exercised options: Not Applicable
  • Options lapsed: Not Applicable
  • Variation of terms: Not Applicable
  • Subsequent changes/cancellation/exercise: Not Applicable
  • Diluted EPS impact: Not Applicable