Global Offshore Services Ltd. has secured in-principle approval from BSE Limited for a corporate name change, marking a significant development in the company's restructuring efforts. The offshore services company announced on January 20, 2026, that it will transition from its current name to Garware Offshore Services Limited, subject to completing the remaining regulatory formalities.

Regulatory Compliance and Approval Details

The company disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made through an official communication to BSE Limited, where the company's shares are listed under scrip code 501848.

Corporate Structure and Leadership

The formal communication was signed by A.C. Chandarana, who serves as Company Secretary and President – Legal & Admin for Global Offshore Services Limited. The company maintains its registered office at 3rd Floor, Prospect Chambers, D. N. Road, Fort, Mumbai - 400001, and operates under CIN No. L61100MH1976PLC019229.

Next Steps in Name Change Process

While the in-principle approval represents a crucial milestone, the company will need to complete additional regulatory procedures to finalize the name change. The transition to Garware Offshore Services Limited reflects the company's strategic alignment and corporate restructuring initiatives. The approval from BSE Limited provides the necessary regulatory foundation for proceeding with the remaining formalities required for the official name change.

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.