Pursuant to Provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 , we enclose herewith a copy of Postal Ballot Notice dated 20.10.2025 dispatched to the ....
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Global Offshore Services Limited has sent a Postal Ballot Notice to shareholders seeking approval to appoint Mr. Aditya A. Garware (DIN: 00019816) as Chairman and Managing Director for three years starting 01 November 2025. Mr. Garware, aged 54 (MBA from Lehigh University), has been with the company since 1993 and has served as Chairman since 2018, currently acting as a consultant on a fee of Rs. 11.50 lakh per month. Importantly, he has agreed to take up the CMD role without any remuneration, which the company says will save costs and allow deeper involvement in growth plans. The appointment also needs Central Government approval because Mr. Garware is based in Singapore and is not an Indian resident. Shareholders can vote electronically between 18 November and 17 December 2025, with results declared the same day.
For shareholders, this is essentially a continuity move as the existing Chairman transitions into a more active executive role. The zero-remuneration offer is favourable for the company given its weak financials (FY25 revenue of Rs. 32.74 crore against a loss of Rs. 7.94 crore). No major stock-moving surprise is expected; investors should simply ensure they cast their vote before 17 December 2025.