Global Offshore Services Ltd. (GOSL) has announced significant changes in its leadership and reported its financial results for the quarter ended September 30, 2025. The company's Board of Directors has made a key appointment and disclosed its latest financial performance.

Leadership Change

The Board of Directors, upon recommendation from the Nomination & Remuneration Committee, has appointed Mr. Aditya A. Garware as the new Chairman and Managing Director (CMD) of Global Offshore Services Ltd. This appointment will take effect from November 1, 2025, subject to shareholder and Central Government approvals.

Key details of Mr. Garware's appointment:

• Effective Date: November 1, 2025
• Position: Chairman and Managing Director
• Tenure: Liable to retire by rotation
• Current Role: Will continue as a member of the Stakeholders & Relationship Committee

Mr. Garware brings a wealth of experience to his new role:

• Board Member since May 1993
• Holds an MBA from Lehigh University
• Expertise in financial management, vessel marketing, acquisition planning, and ISM-related matters
• Currently holds 11,53,353 equity shares, representing 3.75% of the company's share capital

Financial Performance

For the quarter ended September 30, 2025, Global Offshore Services Ltd. reported the following consolidated financial results:

The company's performance shows a slight decline in revenue but a significant improvement in profitability compared to the same quarter last year.

Operational Highlights

• GOSL's newly acquired vessel secured a contract for a firm period of 4 months with an extension option for a further 8 months.
• The company converted 35,000 Convertible Warrants into equity shares at ₹69 per warrant, increasing the paid-up share capital from ₹30.71 crores to ₹30.74 crores.

Global Offshore Services Ltd. continues to navigate the offshore services market, with strategic leadership changes and operational improvements aimed at enhancing its market position and financial performance.

Global Offshore Services Ltd (GOSL) has faced a setback in its legal battle concerning the enforcement of a guarantee. The Court of Appeal, Civil Division, has dismissed the company's application for leave to appeal against a previous court order, as announced by GOSL in a recent regulatory filing.

Background of the Case

The case revolves around a court order related to the enforcement of what GOSL describes as an "invalid and expired Guarantee" against the company. This latest development follows a previous communication from the company regarding the same issue.

Recent Developments

According to the company's filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR):

• The Court of Appeal, Civil Division, has dismissed GOSL's application for leave to appeal.
• This decision is related to a Court Order concerning the enforcement of the guarantee in question.

Implications for the Company

While the specific details of the guarantee and its potential financial impact on GOSL are not disclosed in the available information, the dismissal of the appeal application suggests that the company may have to comply with the original court order.

The outcome of this legal process may have implications for GOSL's financial position and operations, depending on the nature and extent of the guarantee in question.

Investor Considerations

Investors and stakeholders of Global Offshore Services Ltd may want to monitor further communications from the company regarding this matter, particularly any potential financial or operational impacts resulting from the court's decision.

As the situation develops, the company may provide additional information on how it plans to address the implications of this legal outcome.

Global Offshore Services Ltd continues to navigate this legal challenge, and further updates may be forthcoming as the company assesses its options following this recent court decision.