India NCLT Insolvency Resolution Filings — May 16, 2026

16-05-2026

Delhivery Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 at its meeting on May 16, 2026. The statutory auditors Deloitte Haskins & Sells issued an unmodified opinion on the annual consolidated results with no material misstatements identified. The board meeting ran from 1:00 PM to 3:55 PM IST.

• · Board meeting held on Saturday, May 16, 2026
• · Audit report with unmodified opinion
• · Results uploaded on www.delhivery.com

16-05-2026

Delhivery Limited's Board approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. Statutory auditors Deloitte Haskins & Sells issued an unmodified opinion on the results. The meeting ran from 1:00 PM to 3:55 PM IST on May 16, 2026.

16-05-2026

Delhivery reported strong FY26 results with revenue from services rising to ₹10,486 Cr, EBITDA reaching ₹764 Cr (7.3% margin) and PAT at ₹347 Cr (3.2% margin), alongside first positive FCF of ₹89 Cr and Transport ROIC of 16.0%. Express parcel volumes grew 40.2% YoY with PTL tonnage up 17.4% YoY, driving adjusted Transport EBITDA to ₹561 Cr. However, Supply Chain Services remained flat at 0.0% EBITDA margin with ₹4 Cr loss, new initiatives posted ₹76 Cr losses, and cash balance declined to ₹4,555 Cr after M&A spend.

• · New initiatives Adjusted EBITDA loss widened to ₹76 Cr in FY26
• · Cash & cash equivalents declined to ₹4,555 Cr at Mar'26 from ₹5,493 Cr at Mar'25
• · Capex as % of revenue reduced to 3.3% in FY26

16-05-2026

Delhivery reported FY26 revenue from services of Rs.10,486 Cr (+17% YoY) and turned free cashflow positive at Rs.89 Cr, driven by volume growth, Adjusted EBITDA margin expansion to 4.4%, and lower capex intensity. Q4FY26 revenue reached Rs.2,848 Cr (+30% YoY) with Adjusted EBITDA of Rs.151 Cr (5.3% margin) and Transport Service EBITDA margin at 17.5%. Consolidated PAT was Rs.153 Cr after Ecom Express integration costs and exceptional items.

• · Q4FY26 Express Service EBITDA margin 18.8% (vs 15.9% in Q4FY25)
• · PTL Service EBITDA margin 13.4% (vs 10.8% in Q4FY25)
• · 306 million e-commerce shipments in Q4FY26
• · 549K MT freight volume in Q4FY26 (+20% YoY)

16-05-2026

Delhivery Limited's Board approved the appointment of Mr. Kabir Ahmed Shakir (DIN: 03584898) as Additional Director (Non-Executive Independent) for a five-year term from May 16, 2026 to May 15, 2031, subject to shareholder approval. The appointment follows the Nomination and Remuneration Committee's recommendation during the board meeting held on May 16, 2026. Mr. Shakir, with over 35 years of experience including as Global CFO of Tata Communications and CFO of Microsoft India, is not debarred from directorship and has no relationship with existing directors.

• · DIN: 03584898
• · Term: May 16, 2026 to May 15, 2031
• · Recognized as CFO of the Year by Businessworld (2023, 2024), CII (2023), and Economic Times (2024)

16-05-2026

Delhivery Limited announced the resignation of Independent Director Mr. Romesh Sobti effective end of day June 30, 2026. He will cease to be Chairman of the Audit Committee and member of the Stakeholders Relationship Committee, Risk Management Committee, and Merger & Acquisition Committee. The resignation is part of a planned Board rejuvenation process with no other material reasons cited.

• · Mr. Romesh Sobti confirmed no material reasons for resignation beyond the planned Board rejuvenation process
• · He also serves as Independent Director on Adani Green Energy Limited (Member of Audit Committee and CSR Committee, Chairman of Risk Management Committee) and Dabur India Limited (Member of Audit Committee)

16-05-2026

Delhivery Limited announced the appointment of Kabir Ahmed Shakir as Non-Executive Independent Director effective immediately on May 16, 2026; he will also join the Audit Committee. Separately, Romesh Sobti will step down from the Board effective June 30, 2026, completing the company's board rejuvenation programme. Kabir brings over 35 years of experience in finance leadership roles at Tata Communications, Microsoft India and Unilever.

16-05-2026

On May 16, 2026, Delhivery Limited's Board approved incorporation of a wholly owned subsidiary named Delhivery Fintech Distribution Private Limited (or approved alternative name) with 100% cash subscription of INR 1,00,00,000. The new entity will serve as a distribution-focused financial services arm offering insurance corporate agency, FASTag and fuel card distribution, telematics devices, and sector-specific products for truckers, vendors, and MSMEs leveraging Delhivery's logistics network.

• · Board meeting commenced at 01:00 P.M. IST and concluded at 03:55 P.M. IST on May 16, 2026
• · Entity to operate in Financial Services and allied services industry in India

16-05-2026

Delhivery Limited's Board of Directors approved the incorporation of a wholly owned subsidiary, Delhivery Fintech Distribution Private Limited (or such other name as approved), on May 16, 2026, to operate as a financial services arm supporting its logistics network. The WOS will house insurance agency business, distribution of FASTags, Fuel Cards, and Telematics devices for truckers, vendors, and MSMEs. The subsidiary will be 100% subscribed via cash for INR 1,00,00,000.

• · Board meeting held on May 16, 2026 from 01:00 P.M. to 03:55 P.M. IST
• · Disclosure delayed due to internet connectivity issues
• · No governmental approvals required except competent authority approval if needed

16-05-2026

Delhivery Limited announced the immediate appointment of six Key Managerial Personnel effective May 16, 2026. The new roles include Mr. Arun Bagavathi as Chief Operating Officer - Network Operations (employed via Delhivery Singapore Pte Ltd), Mr. Prashant Gazipur as Chief Operating Officer - In-city Operations, Mr. Nikhil Ummat as Chief Operating Officer - Engineering and Automation, Mr. Kumar Sunny Raja as Chief Procurement Officer, Mr. Varun Bakshi as Chief Sales Officer (previously SVP & Head - PTL), and Mr. Vikas Kapoor as Chief Strategy Officer. These internal elevations are intended to strengthen end-to-end network performance, last-mile operations, automation and robotics initiatives, procurement, sales strategy, and long-term growth planning.

• · Disclosure delayed due to internet connectivity issues and intermittent network disruptions