Global Offshore Gets BSE Approval for Listing of 70,000 Equity Shares
By Ankur Chandra | Published at: Jul 8, 2025 04:01 PM IST
Mumbai, 8 July 2025: Global Offshore Services Ltd (BSE: 501848) has secured listing approval from BSE for the issuance of 70,000 equity shares, following the conversion of warrants allotted to a non-promoter entity on a preferential basis. The company’s Shares/Warrants Allotment Committee also approved the allotment of 35,000 equity shares earlier today as part of this ongoing conversion process.
Fresh Allotment Approved as Part of Preferential Issue Strategy
The newly issued shares carry a face value of ₹10 each and have been allotted at an issue price of ₹92 per share—comprising a premium of ₹82. These shares have been issued to a non-promoter investor under a preferential allotment structure in accordance with regulatory provisions.
Share Capital Expanded with Formal BSE Listing Approval in Place
As per the regulatory filing, the following share capital changes have taken effect:
Share Capital Movement
| Particulars | Pre-Issue | Post-Issue |
|---|---|---|
| Equity Shares Allotted (BSE Approval) | — | 70,000 |
| Equity Shares Allotted Today (Actual Allotment) | — | 35,000 |
| Face Value per Share | ₹10 | ₹10 |
| Issue Price per Share | ₹92 (₹10 + ₹82) | ₹92 |
| Allotment Category | Non-Promoter | Non-Promoter |
Detailed Allotment Information
| Action | Details |
|---|---|
| Listing Approval Received | For 70,000 shares |
| Conversion Allotment Made | 35,000 shares |
| Premium per Share | ₹82 |
| Distinctive Numbers | 30638444 to 30708443 |
| Mode of Allotment | Preferential (Warrant Conversion) |
| Beneficiary | Non-Promoter |
The shares were allotted under the authority of the company’s Shares/Warrants Allotment Committee, and form a part of a broader capital-raising plan to strengthen the company’s equity base through non-promoter participation.
Strengthening Capital Structure to Support Operational Growth
This equity infusion reflects Global Offshore Services Ltd’s strategy to enhance its capital structure and prepare for future business opportunities. By expanding shareholder participation through preferential warrants, the company is working toward maintaining operational flexibility and supporting long-term financial stability.
About Global Offshore Services Ltd
Headquartered in Mumbai, Global Offshore Services Ltd is a listed company that provides offshore support vessel (OSV) services to oil and gas exploration firms. Its fleet supports offshore drilling, production, and transportation operations. The company is listed on BSE under the scrip code 501848.
For additional information and regulatory disclosures, investors are encouraged to refer to updates published on the BSE platform.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/51bc453a-0984-43c4-94b8-2015bfe06445.pdf
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