This is to inform that at the meeting of the Board of Directors of the Company held today, the following matters were considered and approved: 1] Subject to the approval of the Shareholders, ....
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On December 18, 2025, the Board of Directors of Global Offshore Services Ltd. approved three key items. First, the company plans to change its name to 'Garware Offshore Services Limited', subject to approvals from shareholders, the Central Government, Stock Exchanges, and the Registrar of Companies. Second, the company will apply for re-listing of its equity shares on the National Stock Exchange (NSE). Third, the company will set up three new Wholly Owned Subsidiaries (WOS) as part of a long-term strategy to rejig its operations. The name change will also require amendments to the company's Memorandum and Articles of Association.
The name change and NSE re-listing could improve visibility and trading liquidity for shareholders, potentially broadening the investor base. Setting up three new subsidiaries signals a structural restructuring of operations, which may lead to clearer business segmentation but could take time to show tangible benefits.