Delhivery Limited — Others, 06-01-2025: Options to purchase securities

Delhivery's Nomination and Remuneration Committee has approved the grant of 1,15,829 stock options under the Employees Stock Option Plan 2012 to eligible employees, effective January 01, 2025. Each option converts into one fully paid-up equity share at an exercise price of Re. 1. The vesting schedule is structured over four years for most options, providing an incentive for employee retention and engagement. This initiative may bolster employee morale and align their interests with shareholder value, presenting a positive outlook for the company's culture and performance.