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.

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.