Grant of 9,00,000 Stock Options under Delhivery Employees Stock Option Plan IV, 2021

Date: September 22, 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 members of Delhivery Limited (“the Company”) at the Annual General Meeting held on Tuesday, September 22, 2026, approved the grant of 9,00,000 stock options under Delhivery Employees Stock Option Plan IV, 2021 (“ESOP-2021”) as detailed in “Annexure-I”. The disclosure as required under Regulation 30 of the 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 uploaded 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 Stock options granted under ESOP-2021 with effect from September 22, 2026 a. 4,50,000 stock options granted to Mr. Sahil Barua, Managing Director and Chief Executive Officer of the Company; b. 2,25,000 stock options granted to Mr. Kapil Bharati, Whole-time Director (Executive Director and Chief Technology Officer) of the Company; and c. 2,25,000 stock options granted to Mr. Suraj Saharan, Whole-time Director (Executive Director and Chief People Officer) of the Company. 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. 9,00,000 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, 9,00,000 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 Stock options shall vest over a period of 3 years from the exercised date of grant, as per terms of grant and can be exercised any time from the respective date(s) of vesting till the 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