A delay circuit includes a first inverter connected to a supply voltage, and has an input for receiving an input signal. A delay regulating transistor is connected between the first inverter and a first voltage reference, and has a control terminal for receiving a biasing voltage. A capacitor is connected between an output of the first inverter and the first voltage reference. A second inverter is connected to the output of the first inverter for outputting a delayed output signal. An auxiliary current path is in parallel to the delay regulating transistor for allowing a portion of a discharge current from the capacitor to flow therethrough. The portion of the discharge current is proportional to the supply voltage. The auxiliary current path includes a diode connected to the first inverter, and a second transistor connected between the diode and the first voltage reference. The second transistor has a control terminal for receiving the biasing voltage.