This is to inform that BSE Ltd vide "E-letter " no.LOD/PREF/SV/314/2025-2026 dt.17.07.2025 has granted Trading Approval for 37,09,650 Equity Shares of Rs.10/- each issued at a premium of ....
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Awaiting price reaction for this filing.
Garware Offshore Services Ltd has received trading approval from BSE for 43,47,150 equity shares of Rs.10 face value. Of these, 37,09,650 shares were issued to non-promoters on a preferential basis, and 6,37,500 shares were issued to promoter and non-promoter groups upon conversion of warrants. All shares were issued at a price of Rs.92 each (Rs.10 face value plus Rs.82 premium). The distinct share numbers range from 26291294 to 30638443. With this approval, these shares are now eligible to trade on the BSE platform.
Existing shareholders will see their ownership diluted as roughly 43.47 lakh new shares enter the tradable pool. This expansion of the share base may exert short-term downward pressure on the stock price, though it also improves liquidity.