Description

BSE lists 35,000 equity shares of Global Offshore Services Ltd issued at Rs. 92/- per share to non-promoters on preferential basis pursuant to conversion of warrants, effective October 13, 2025.

Summary

BSE has listed 35,000 equity shares of Global Offshore Services Ltd (Scrip Code: 501848) issued to non-promoters on a preferential basis pursuant to conversion of warrants. The shares were allotted at an issue price of Rs. 92/- per share (face value Rs. 10/- plus premium of Rs. 82/-) and will be available for trading from Monday, October 13, 2025. These shares rank pari-passu with existing equity shares and are subject to a lock-in period until April 30, 2026.

Key Points

  • 35,000 equity shares of Rs. 10/- face value each issued at premium of Rs. 82/-
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Total issue price: Rs. 92/- per share
  • Allotment date: July 8, 2025
  • Trading commencement: October 13, 2025
  • Distinctive numbers: 30708444 to 30743443
  • ISIN: INE446C01013
  • Scrip Code: 501848
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes announced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed that these new securities are listed and permitted to trade on the exchange
  • Lock-in restrictions must be observed: all 35,000 shares (Dist. Nos. 30708444 to 30743443) are locked-in until April 30, 2026
  • Standard trading and settlement procedures apply for these securities

Important Dates

  • Allotment Date: July 8, 2025
  • Trading Commencement: October 13, 2025
  • Lock-in Period Ends: April 30, 2026
  • Circular Date: October 10, 2025

Impact Assessment

Market Impact: Minimal. The addition of 35,000 shares represents a relatively small increase in outstanding shares. Given the preferential nature of the issue and lock-in restrictions until April 30, 2026, there will be no immediate supply pressure on the stock.

Investor Impact: Limited to non-promoter preferential allottees who received shares through warrant conversion. These shareholders cannot trade their holdings until the lock-in period expires.

Liquidity Impact: Negligible immediate impact on liquidity as locked-in shares cannot be traded for approximately 6.5 months from the trading commencement date.

Operational Impact: Routine listing update requiring no special operational changes from trading members or market participants.

Impact Justification

Routine listing of limited quantity shares (35,000) via preferential allotment with lock-in period; minimal market impact due to small issue size relative to typical trading volumes.