This is further to our communication dated May 25, 2026, regarding receipt of an invitation by the Company for an "Exclusive Conference" which will be jointly hosted by the Ashika Group and CNI Infoexchange offering an opportunity to the Investor Community to interact with the Management team of our Company, to be scheduled on Saturday, 06th June, 2026 between 10.00 a.m. to 3.00 p.m. at Altimus Level, 35, Dr. G.M. Bhosale Marg, Mumbai - 400018. Pursuant to the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), Please find attached herewith Company presentation to be made thereat. The above is submitted for information and record.
We refer to Regulation 24A of SEBI (Listing and Disclosure Requirements) Regulations, 2015 as amended read with SEBI'S Circular No. CIR/CFD/CMD1/27/2019 dated 8th February, 2019 and enclose Annual Secretarial Compliance Report dated 21st May, 2026 for the year ended 31st March, 2026, issued by Mr. Rajkumar R. Tiwari, Practising Company Secretary.
This is to inform that at the meeting of the Board of Directors of the Company held today the following items were considered and approved. 1] Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026 (enclosed). 2] Statement of Assets & Liabilities as at 31st March, 2026 (enclosed). 3] Statement of cash flow for the year ended 31st March, 2026 (enclosed). 4] Statutory Auditor’s Report on Standalone Financial Results for the quarter and year ended 31st March, 2026 (enclosed). 5] Statutory Auditor’s Report on Consolidated Financial Results for the quarter and year ended 31st March, 2026 (enclosed). 6] Declaration in respect of Audit Report with an unmodified opinion for Financial Year 31st March, 2026 (enclosed).
This is to inform that the Company has received an invitation for an "Exclusive Conference which will be jointly hosted by the Ashika Group and CNI Infoxchange offering an opportunity to the Investor Community to interact with the Management team of our Company, The above conference is scheduled on Saturday, 06th June, 2026 between 10.00 a.m. to 3.00 p.m. at Altimus Level, 35, Dr, G.M. Bhosale Marg, Worli, Mumbai - 400018. The Company has today accepted the above invitation, Needless to say, all the presentations / information to be shared during this conference, including Audio Recordings, transcripts, if any, will be disclosed to you, as per applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).
Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company will be held on Thursday – 28th May, 2026 to consider amongst inter-alia the Audited Financial Results for the quarter and year ended 31st March, 2026.
Please note the following change w.e.f. 16.04.2026 in Scrip ID / Abbreviated name on BOLT Plus System, consequent to the change of Name of the Company. 1. Scrip Code :- 501848 2. Existing Name :- Global Offshore Services Limited 3. New Name :- Garware Offshore Services Limited 4. Scrip ID for BOLT Plus System :- GARWAOFFS 5. Abbreviated name on BOLT Plus System :- GARWAOFFS Further, 501848 will continue to be Scrip Code of the Company
Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 09.04.2026 issued by our Registrar and Transfer Agent, viz., Bigshare Services Pvt Ltd. for the quarter ended 31st March, 2026
Please note that any and all information which may be considered material / price sensitive is always provided to the Stock Exchange in a timely manner. In any case, in our opinion, there has been no event or occurrence in the Company recently that would have caused fluctuations in the trading volume or price and would warrant being furnished to the Stock Exchange.
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that Government of India, Ministry of Corporate Affairs, has issued a Certificate of Incorporation dated 18.02.2026 (copy enclosed), pursuant to change of name from Global Offshore Services Ltd. to "Garware Offshore Services Limited".
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 6.61 | 7.80 | 7.86 | 7.69 | 8.39 | 7.26 | 12.24 | 8.97 | 4.25 | 6.74 | 12.24 | 12.48 |
| YOY Revenue Growth % | -49.07% | -15.4% | 135.81% | 88.31% | 26.9% | -6.94% | 55.78% | 16.65% | -49.28% | -7.05% | 0% | 39.1% |
| Other Income | 0.04 | 0.04 | 0.04 | 7.57 | 0.04 | 0.05 | 0.61 | 0.32 | 0.79 | 2.71 | 0.61 | 0.31 |
| Total Income | 6.65 | 7.83 | 7.90 | 15.27 | 8.42 | 7.31 | 12.85 | 9.30 | 5.04 | 9.45 | 12.85 | 12.79 |
| Total Expenses + | 10.78 | 8.96 | 10.50 | 11.79 | 10.34 | 9.46 | 14.63 | 10.56 | 9.71 | 8.99 | 14.63 | 17.66 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 3.28 | 2.87 | 2.87 | 1.06 | 1.05 | 0.85 | 1.08 | 0.96 | 1.00 | 1.17 | 1.08 | 1.24 |
| Other Expenses | 3.86 | 2.87 | 4.00 | 6.94 | 5.65 | 4.84 | 6.75 | 5.53 | 5.27 | 3.65 | 6.75 | 8.29 |
| Operating Profit | -4.18 | -1.17 | -2.64 | -4.10 | -1.96 | -2.21 | -2.39 | -1.59 | -5.45 | -2.24 | -2.39 | -5.17 |
| OPM % | -63.2% | -14.9% | -33.6% | -53.3% | -23.3% | -30.4% | -19.5% | -17.7% | -128.2% | -33.3% | -19.5% | -41.5% |
| Profit Before Tax + | -6.95 | -1.38 | -2.60 | -108.06 | -1.92 | -2.15 | -1.78 | -0.98 | -4.66 | 0.46 | -1.78 | -4.87 |
| Tax Expense | 0.02 | 0.02 | 0.01 | 1.92 | 0.02 | 0.02 | 0.11 | 0.02 | 0.10 | 0.09 | 0.11 | 0.56 |
| Tax % | - | - | - | - | - | - | - | - | - | 18.7% | - | - |
| Profit After Tax | -6.97 | -1.40 | -2.61 | -109.98 | -1.94 | -2.17 | -1.89 | -1.00 | -4.76 | 0.37 | -1.89 | -5.42 |
| EPS (Basic) | -2.82 | -0.56 | -1.06 | -44.47 | -0.78 | -0.85 | -0.62 | -0.34 | -1.55 | 0.12 | -0.62 | -1.85 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 35.72 | 32.75 | 29.96 | 29.61 | 47.35 | 61.20 |
| YOY Revenue Growth % | 9.08% | 9.32% | 1.18% | -37.47% | -22.64% | - |
| Other Income | 4.41 | 0.46 | 7.69 | 0.09 | 0.42 | 0.49 |
| Total Income | 40.14 | 33.21 | 37.65 | 29.70 | 47.77 | 61.69 |
| Total Expenses + | 50.99 | 41.38 | 42.04 | 73.64 | 93.37 | 90.18 |
| Employee Benefit Expense | 4.50 | 3.81 | 4.29 | 18.87 | 20.27 | 20.16 |
| Other Expenses | 23.96 | 22.21 | 23.45 | 27.48 | 26.19 | 25.67 |
| Operating Profit | -15.26 | -8.63 | -12.08 | -44.03 | -46.02 | -28.97 |
| OPM % | -42.7% | -26.3% | -40.3% | -148.7% | -97.2% | -47.3% |
| Profit Before Exceptional | -10.85 | -8.16 | -4.39 | -43.94 | -45.60 | -28.49 |
| Exceptional Items | 0.00 | 0.28 | -114.59 | 217.28 | -16.16 | 11.82 |
| Profit Before Tax + | -10.85 | -7.88 | -118.98 | 173.34 | -61.77 | -16.67 |
| Tax Expense | 0.85 | 0.08 | 1.97 | 1.35 | 0.28 | 0.55 |
| Tax % | - | - | - | 0.8% | - | - |
| Profit After Tax | -11.70 | -7.96 | -120.95 | 172.00 | -62.05 | -17.22 |
| EPS (Basic) | -3.81 | -3.00 | -48.91 | 69.55 | -25.09 | -6.96 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 176.17 | 118.00 | 120.61 | 242.31 | 544.45 | 567.59 |
| Property, Plant & Equipment | 172.03 | 113.55 | 117.41 | 128.79 | 429.49 | 452.79 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.30 | 0.00 | 0.00 | 113.40 | 113.32 | 113.38 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 28.90 | 50.73 | 20.81 | 29.04 | 39.80 | 50.60 |
| Inventories | 9.22 | 8.61 | 9.57 | 11.10 | 14.45 | 16.59 |
| Trade Receivables | 8.37 | 5.29 | 4.59 | 3.61 | 8.49 | 15.46 |
| Cash and Cash Equivalents | 2.41 | 1.64 | 3.23 | 0.17 | 10.30 | 1.48 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 127.94 | 139.01 | 98.63 | 219.57 | 47.61 | 109.55 |
| Equity Share Capital | 30.74 | 30.94 | 24.73 | 24.73 | 24.73 | 24.73 |
| Other Equity | 97.20 | 108.07 | 73.90 | 194.85 | 22.88 | 84.82 |
| Non-Current Liabilities | 49.80 | 1.81 | 2.43 | 3.85 | 24.64 | 68.39 |
| Current Liabilities | 27.33 | 27.90 | 40.36 | 61.34 | 512.00 | 440.25 |
| Total Liabilities | 77.13 | 29.71 | 42.79 | 65.18 | 536.64 | 508.65 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 8.55 | -0.40 | 12.53 | -1.01 | 10.74 | 11.04 |
| Cash from Investing Activities | -69.42 | -10.31 | 11.97 | 66.02 | -4.73 | -3.58 |
| Cash from Financing Activities | 37.83 | 40.27 | -25.44 | -69.29 | -2.40 | -6.20 |
| Net Increase/Decrease in Cash | -23.03 | 29.56 | -0.94 | -4.28 | 3.61 | 1.26 |