Delhivery Limited — Capital/Financing Update 2024

Dec 3, 2024

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Date: December 03, 2024

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 India India

Scrip Code: 543529

Symbol: DELHIVERY

Sub: Grant of Stock Options under Delhivery Employees Stock Option Plan 2012 (“ESOP-2012”)

Dear Ma’am/Sir,

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform that the Nomination and Remuneration Committee ("NRC") of the Board of Directors of the Company has approved the grant of 1,38,950 stock options under Delhivery Employees Stock Option Plan 2012 ("ESOP-2012") to the eligible employees of the Company on Tuesday, December 03, 2024.

Further, the disclosure as required under Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed herewith as "Annexure-1".

This disclosure will also be hosted on the Company's website viz. www.delhivery.com

Request you to kindly take the same on record.

Thank you.

Yours sincerely,

For Delhivery Limited MADHULIK Digitally signed by MADHULIKA VIPIN A VIPIN RAWAT Date: 2024.12.03 RAWAT 12:38:59 +05'30' Madhulika Rawat Company Secretary & Compliance Officer Membership No.: F8765

Encl: As above

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Annexure-1

SI. No.	Particulars	Details
1	Brief details of options granted	1,38,950stockoptions granted under ESOP-2012, to the eligible employees of the Company with effect from December 01, 2024.
2	Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021	Yes
3	Total number of shares covered by these options	Each stock option is convertible into one fully paid-up equity share having face value of Re.1/- each. 1,38,950 equityshares having face value of Re.1/- each are covered by stock options granted.
4	Pricing formula / Exercise Price	The exercise price shall be Re. 1/- per share.
5	Options vested	Subject to the fulfillment of the conditions specified in ESOP-2012, all 1,38,950 stock options would vest in the following manner: ● 10% of the stock options granted will vest upon the completion of 12 months from the date of grant; ● 30% of the stock options granted will vest upon the completion of 24 months from the date of grant; and ● The remaining stock options will vest at a rate of 15% every 6 months thereafter.
6	Time within which option may be exercised	All 1,38,950 stockoptionsshall vest over a period of 4 years from the date of grant and can be exercised any time from the respective date(s) of vesting, as per the terms of grant.

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7	Options exercised	Not Applicable
8	Money realized by exercise of options	Not Applicable
9	The total number of shares arising as a result of exercise of option	Not Applicable
10	Options lapsed	Not Applicable
11	Variation of terms of options	Not Applicable
12	Brief details of significant terms	● The terms of the grant of options provides for the manner in which options would be dealt with, in case of death, permanent incapacity, resignation, termination, retirement, abandonment etc. ● In case of any corporate action(s) such as rights issue, bonus issue, split or consolidation of equity shares, merger/ amalgamation or sale of division/ undertaking or other reorganization etc., requisite adjustments (which may include adjustments to the number of options in ESOP-2012) shall be appropriately made, in a fair and reasonable manner in accordance with ESOP-2012. ● The equity shares allotted, pursuant to the exercise of the stock options, would not be subject to lock-in. ● ESOP Shares arising on the conversion of the Options shall rank_pari passu_ with all the other equity Shares of the Company for the time being in issue, from the date of allotment.
13	Subsequent changes or cancellation or exercise of such options	Not Applicable
14	Diluted earnings per share pursuant to issue of equity shares on exercise of options	Not Applicable

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