Overview
Delhivery Limited has approved the grant of 274,450 stock options to its employees under ESOP IV 2021, while also reporting strong operational performance during the October festive season, processing over 107 million shipments.
Stock Option Grant Details
The Nomination and Remuneration Committee approved the grant of stock options to eligible employees under the Delhivery Employees Stock Option Plan IV, 2021.
| Aspect | Details |
| Number of Options | 274,450 |
| Conversion Ratio | 1 option : 1 equity share |
| Face Value | Re. 1 per share |
| Exercise Price | Re. 1 per share |
| Vesting Schedule | 10% after 12 months; 30% after 24 months; balance 60% at 15% every 6 months thereafter |
| Total Vesting Period | 4 years |
| Exercise Period | From respective vesting dates until continued employment |
Shares allotted upon exercise will have no lock-in period and will rank pari-passu with existing equity shares.
Festive Season Operational Performance
Delhivery achieved record volumes during Phase 2 of the festive season in October.
| Metric | Achievement |
| Goods Value Shipped | ₹187.4 crore+ |
| Single-Day Shipments | 7.2 million+ |
| Total Shipments Processed | 107.4 million+ |
| Packages Delivered within 24 Hours | 13.59 million+ |
| Packages Delivered within 48 Hours | 29.57 million+ |
| Fastest Delivery | 2 minutes (in Bengaluru) |
| Network Coverage | 4,085 km (Thiruvananthapuram to Tezu) |
| Clients Served | 18,121 |
Summary
Delhivery has granted 2.74 lakh stock options under its ESOP IV 2021 plan with a four-year vesting schedule and Re. 1 exercise price. During the October festive season, the company processed over 107 million shipments and served 18,000+ clients, reflecting strong operational execution.
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