ESOP2 Jun 2026, 06:22 pm
Delhivery Grants 35.97 Lakh Stock Options
AI Summary
Delhivery Limited announced that its Nomination and Remuneration Committee has approved the grant of 35,97,432 stock options under its ESOP-2021 plan to eligible employees. The grant is effective from June 1, 2026. The exercise price for these options is set at ₹1 per share. Vesting schedules vary, with portions vesting at 12, 24, and 36 months from the grant date, subject to fulfillment of conditions. The company also noted that adjustments will be made for corporate actions, and shares allotted upon exercise will not be subject to lock-in.
Key Highlights
- 35,97,432 stock options granted to employees.
- Exercise price set at ₹1 per share.
- Vesting periods range from 12 to 36 months.
- Options are governed by SEBI's Share Based Employee Benefits Regulations.
- No lock-in period for shares upon exercise.
Price Impact
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