Delhivery Limited — Others, 01-11-2024: Options to purchase securities

Delhivery Limited's Nomination and Remuneration Committee has approved the grant of 73,300 stock options to eligible employees under the Employee Stock Option Plan 2012 (ESOP-2012). Each option converts to one equity share at an exercise price of Re. 1. Vesting occurs over four years, with 10% vesting after one year, 30% after two years, and the remainder every six months thereafter. The details can be accessed on the company's website.