Delhivery's NRC approved grant of 58,250 stock options under ESOP 2012, effective April 1, 2026.
Each option is convertible into one equity share of face value Re. 1 at an exercise price of Re. 1 per share.
Vesting for 53,250 options is staggered: 10% after 12 months, 30% after 24 months, and 15% every 6 months thereafter.
Remaining 5,000 options vest between 1 and 4 years, with all options exercisable until the employee leaves.