Delhivery is seeking shareholder approval via postal ballot for the appointment and remuneration of Mr. Suraj Saharan as a Whole-time Director, designated as Executive Director and Chief People Officer.
Mr. Saharan's appointment is effective from 16 May 2025, for a term of 5 years, up to 15 May 2030.
The postal ballot notice, dated 16 May 2025, was sent via email to members registered as of the cut-off date, 23 May 2025.
E-voting commences on 30 May 2025 at 9:00 AM (IST) and concludes on 28 June 2025 at 5:00 PM (IST).
Results will be announced on or before 1 July 2025.
Ordinary Resolution: Approval of Suraj Saharan's appointment as a Whole-time Director.
Special Resolution: Approval of Suraj Saharan's remuneration as Whole-time Director, designated as Executive Director and Chief People Officer. His remuneration includes:
Fixed salary: Up to ₹ 50 million per annum.
Variable pay: Up to 50% of fixed remuneration based on performance.
Employee Stock Options: As granted by the NRC.
Additional Benefits: Gratuity, Medical Insurance, and other benefits as per company policy.
Estimated remuneration payout for FY 2025-26 is ₹ 27 million, excluding additional benefits.