Delhivery Limited — Others, 01-08-2025: Options to purchase securities

Delhivery's Nomination and Remuneration Committee has approved the grant of 255,050 stock options to eligible employees under its ESOP plans. These options, exercisable at Re. 1 per share, incentivize employees and will convert into an equivalent number of equity shares. The options vest gradually over four years, with a phased schedule starting from 12 months. This move aims to retain talent and align employee interests with long-term company growth, leading to a minor increase in outstanding shares as options are exercised.