Options to purchase securities

Date: September 04, 2026 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 Dear Madam/Sir, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform that the Nomination and Remuneration Committee ("NRC") of the Board of Directors of Delhivery Limited (“the Company”) has approved the grant of 94,300 stock options under Delhivery Employees Stock Option Plan IV, 2021 ("ESOP-2021") to the eligible employees of the Company on Friday, September 04, 2026. The disclosure as required under Regulation 30 of SEBI Listing Regulations read with events specified in Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as "Annexure-I". 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 Madhulika Rawat Company Secretary & Compliance Officer Membership No: F8765 Encl: As above ANNEXURE-I SI. Particulars Details 1 Brief details of options granted 94,300 stock options granted under ESOP-2021, to the eligible employees of the Company with effect from September 01, 2026. 2 Whether the scheme is in terms of SEBI Yes (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 3 Total number of shares covered by these Each stock option is convertible into one fully paid-up options equity share having face value of Re. 1/- each. 94,300 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 Subject to the fulfilment of the conditions specified in ESOP-2021, out of total 94,300 stock options, 89,300 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; ● The remaining stock options will vest at a rate of 15% every 6 months thereafter. The remaining 5,000 stock options would vest in the following manner: ● 20% 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; ● remaining 50% of stock options upon the completion of 36 months from the date of grant. 6 Time within which option may be Out of 94,300 stock options, 89,300 stock options shall vest exercised over a period of 4 years from the date of grant and remaining 5,000 stock options shall vest over the 3 years, as per terms of grant and can be exercised any time from the respective date(s) of vesting till an employee continues in the employment of the Company. 7 Options exercised Not Applicable 8 Money realized by exercise of options Not Applicable 9 The total number of shares arising as a Not Applicable result of exercise of option 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-2021) shall be appropriately made, in a fair and reasonable manner in accordance with ESOP-2021. ● 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 Not Applicable exercise of such options 14 Diluted earnings per share pursuant to Not Applicable issue of equity shares on exercise of options