New-age logistics firm Delhivery has approved a fresh round of employee stock options, reinforcing its focus on long-term talent retention. In a regulatory filing, the company said it has granted 1,00,360 stock options under its ESOP 2012 scheme, with effect from 1 May.
The decision was cleared by the company’s board on 4 May. Each stock option can be converted into one fully paid-up equity share with a face value of Re 1. The exercise price for these options has also been fixed at Re 1 per share, making it an attractive incentive for eligible employees.
The vesting structure has been split into two parts. A majority of 88,360 options will vest over a four-year period. Under this schedule, 10 per cent will vest after one year, followed by 30 per cent after two years, and the remaining portion will vest in phases every six months thereafter. The remaining 12,000 options will follow a slightly faster vesting cycle, with 40 per cent vesting after the first year and the rest unlocking in semi-annual tranches.
The company clarified that shares issued upon exercising these options will not carry any lock-in restrictions. They will rank equally with existing shares from the date of allotment.
Shares of Delhivery closed at Rs 467.30 on BSE in the latest trading session.
Employee stock-ownership plans continue to be a key tool for startups and new-age firms to align employee interests with business growth.
