Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 , we hereby intimate that the Company has received Listing Approval for 37,09,650 ....
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Global Offshore Services Ltd (formerly Garware Offshore Services Ltd) has received stock exchange listing approval for a total of 43,47,150 equity shares of Rs.10 each. This includes 37,09,650 shares issued to Non-Promoters on a preferential basis, plus 6,37,500 shares issued on conversion of warrants to Promoters and Non-Promoters. All shares were allotted at a premium of Rs.82 per share, meaning an issue price of Rs.92 per share. The listed shares now bear distinctive numbers 26291294 to 30638443. This is a follow-up disclosure confirming that the newly issued shares are now officially tradable on the exchange.
Shareholders should note a potential dilution effect as over 43 lakh new shares enter the tradable float. The shares were issued at Rs.92 (a significant premium to face value), suggesting the company raised capital at a price above par, but the expanded share base may put short-term pressure on earnings per share. No direct cash benefit accrues to existing shareholders from this disclosure.