Delhivery Limited — Others, 21-06-2025: Options to purchase securities

Delhivery has announced a board meeting to approve the grant of 1,54,500 stock options under its Employee Stock Option Plan IV, 2021 (ESOP-2021) to eligible employees, effective from June 22, 2025. Each option converts into one equity share at an exercise price of Re.1 per share. The options will vest over three years—20% after one year, 30% after two years, and 50% after three years—and can be exercised while employees remain with the company. This move aligns employee incentives with long-term company performance.