Delhivery Limited — Others, 06-02-2025: Options to purchase securities

The Nomination and Remuneration Committee of Delhivery has approved the grant of 1,48,240 stock options under the Delhivery Employees Stock Option Plan 2012 (ESOP-2012) to eligible employees. Each option, with an exercise price of Re. 1, converts into one fully paid-up equity share. The vesting schedule allows 1,45,700 options to vest over four years, while 2,540 options vest over 27 months. This move aims to incentivize employees and align their interests with shareholder value. Investors might see this as a positive outlook, reflecting a commitment to employee retention and performance.