Date: September 15, 2022

BSE Limited

National Stock Exchange of India Limited

Floor 25, P J 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")

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Nomination and Remuneration Committee of the Company ("NRC") had approved the grants of 56,186 stock options under Delhivery Employees Stock Option Plan 2012 ("ESOP 2012") to the eligible employees w.e.f. September 15, 2022.

Further, the disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with events specified in Part B of Schedule III and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 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.

Thanking you,

Yours sincerely,

For Delhivery Limited

SUNIL

KUMAR BANSAL

Digitally signed by SUNIL KUMAR BANSAL

Date: 2022.09.15 11:10:02 +05'30'

Sunil Kumar Bansal

Company Secretary & Compliance Officer

Membership No: F-4810

Place: Gurugram

Encl: As above

Annexure-1

SI. No.

Particulars

Details

1

Brief details of options granted

56,186 stock options have been granted

under ESOP 2012 as determined by NRC

• Employees of the Company - 30,494

options

• Employees of the Subsidiary Company

i.e. Delhivery USA LLC - 25,692 options.

2

Whether the scheme is in terms of SEBI (Share

Yes

Based Employee Benefits and Sweat Equity)

Regulations, 2021

3

Total number of shares covered by these

Each stock option is convertible into one

options

fully paid-up equity share having face value

of Re.1/- each.

56,186 equity shares 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

Not Applicable

6

Time within which option may be exercised

The options shall vest over a period of 4

years and can be exercised any time after

the respective date of vesting till an

employee continues in the employment of

the Company.

7

Options exercised

8

Money realized by exercise of options

9

The total number of shares arising as a result

Not Applicable

of exercise of option

10

Options lapsed

11

Variation of terms of options

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

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Delhivery Ltd. published this content on 15 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2022 06:19:06 UTC.