Global Offshore Services Limited has issued a formal postal ballot notice to shareholders seeking approval for its proposed name change to Garware Offshore Services Limited. The company announced this development following its earlier board approval on December 18, 2025, and has now initiated the formal shareholder approval process.

Postal Ballot Notice and Voting Timeline

The company dispatched the postal ballot notice dated December 31, 2025, to BSE Limited on January 6, 2026, in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The notice outlines the complete process for shareholders to participate in the decision-making through remote electronic voting.

Corporate Name Change Rationale

According to the explanatory statement, the company was originally incorporated in 1976 as "Garware Shipping Corporation Limited" and underwent multiple name changes over the decades. The name was changed to "Garware Offshore Services Limited" in 2006, and subsequently to "Global Offshore Services Limited" in 2011 when the company focused predominantly on international operations.

The board now proposes reverting to "Garware Offshore Services Limited" as the company has reduced its international exposure over the past 4-5 years, with its fleet now operating exclusively in Indian waters. This change aims to better represent the company's current shareholding pattern, operational situation, and target market.

Regulatory Approvals and Compliance

The company has secured preliminary regulatory clearances for the name change initiative. The Ministry of Corporate Affairs, through the Registrar of Companies, granted "No Objection" for the availability of the new name on December 19, 2025. Additionally, the company has applied to BSE Limited for in-principle approval, with the outcome still awaited.

E-voting Process and Shareholder Participation

The postal ballot will be conducted entirely through remote e-voting via CDSL platform. Shareholders holding shares in both demat and physical form as of the cut-off date can participate in the voting process. The company has made special arrangements with its Registrar and Transfer Agent, Bigshare Services Private Limited, for email registration to facilitate electronic participation.

The resolution requires approval as a Special Resolution, and the board has recommended shareholders to vote in favor of the name change proposal. Upon approval, the existing Memorandum and Articles of Association will be amended to reflect the new corporate identity, though no changes are proposed to the company's business objectives.

Global Offshore Services Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Aditya A. Garware as the company's new Chairman and Managing Director. The scrutinizer's report, released on December 17, 2025, confirms unanimous shareholder support for this key leadership transition.

Postal Ballot Results

The voting results demonstrate exceptional shareholder confidence in the proposed leadership change. According to the scrutinizer's report prepared by Taher Sapatwala & Associates, the resolution received overwhelming support from the company's shareholders.

Appointment Specifications

The approved appointment establishes Aditya A. Garware's role and tenure as the company's top executive. The shareholders have endorsed a comprehensive leadership mandate for the incoming CMD.

Voting Process

The postal ballot was conducted entirely through remote e-voting, facilitated by Central Depository Services (India) Limited. The voting period extended from November 18, 2025, at 10:00 AM to December 17, 2025, at 5:00 PM, providing shareholders ample opportunity to participate in this crucial decision.

The scrutinizer confirmed that the electronic voting process was conducted in a fair and transparent manner, with proper reconciliation of records maintained by the company and its registrar and transfer agents. The appointment now awaits Central Government approval due to residency requirements under the Companies Act.

This decisive shareholder approval marks a significant milestone in Global Offshore Services Limited's corporate governance, setting the stage for new leadership to guide the company's future strategic direction.