Delhivery Seeks Shareholder Vote on New Director and Director Pay

Shareholder Vote Initiated

Delhivery Ltd. has asked shareholders to vote via postal ballot on key board matters.

The vote concerns the official appointment of Ms. Neelam Dhawan as a Non-Executive Independent Director.

Shareholders will also vote on proposed new annual pay packages for Ms. Dhawan (up to ₹9.0 million) and for five other Non-Executive Independent Directors (up to ₹7.0 million each).

Fees for committee chair roles are also up for approval.

E-voting is open from April 8 to May 7, 2026, with results expected by May 11, 2026.

Why This Vote Matters

The vote is important for finalizing Delhivery's board composition and its director compensation structure.

Independent directors provide oversight and strategic advice to the company.

Shareholder approval signals confidence in the proposed appointments and pay.

About Neelam Dhawan and Delhivery

Ms. Neelam Dhawan is an experienced IT sector professional.

She has held leadership roles at IBM, Microsoft, and Hewlett Packard.

She currently sits on the boards of ICICI Bank, Tech Mahindra, and Hindustan Unilever Limited.

Delhivery, founded in 2011, is a major Indian logistics and supply chain company.

Implications of Approval

If approved, Ms. Dhawan will formally join Delhivery's board, bringing her extensive experience.

The company will then proceed with the finalized compensation plan for its independent directors.

Potential Pay Limit Concerns

A key concern is that the proposed director pay might exceed the limits set by Section 197 of the Companies Act, 2013.

This law typically sets overall remuneration caps for directors, especially non-executive ones, based on company profits.

Competitive Landscape

Delhivery competes in the logistics sector with companies such as Blue Dart Express, Mahindra Logistics, and Allcargo Gati.

Publicly available data makes direct comparisons of director pay across these competitors difficult.

What to Watch For

Monitor the shareholder voting results during the April 8-May 7, 2026 period.

Watch for the official announcement of the results on or before May 11, 2026.