Description

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

Summary

BSE has approved the listing of 35,000 new equity shares of Global Offshore Services Ltd (Scrip Code: 501848) issued on preferential basis to non-promoters pursuant to warrant conversion. The shares will commence trading on Monday, October 13, 2025, and are subject to lock-in until April 30, 2026.

Key Points

  • 35,000 equity shares of Rs. 10/- face value issued at premium of Rs. 82/- per share
  • Issue price: Rs. 92/- per share to non-promoters
  • Shares issued pursuant to conversion of warrants on preferential basis
  • Distinctive numbers: 30708444 to 30743443
  • New shares rank pari-passu with existing equity shares
  • ISIN: INE446C01013
  • Allotment date: July 8, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing of new securities effective October 13, 2025
  • All 35,000 shares are subject to lock-in restrictions and cannot be transferred until April 30, 2026
  • Shares must be treated as locked-in securities in trading systems during the lock-in period

Important Dates

  • Allotment Date: July 8, 2025
  • Trading Commencement: Monday, October 13, 2025
  • Lock-in Expiry: April 30, 2026
  • Notice Date: October 10, 2025

Impact Assessment

Market Impact: Minimal. The issuance of 35,000 shares represents a small volume addition to the existing equity base of Global Offshore Services Ltd. The preferential allotment to non-promoters at Rs. 92/- per share is a standard corporate action.

Liquidity Impact: Negligible immediate impact on trading liquidity as all shares are locked-in until April 30, 2026. Post lock-in expiry, the additional float may marginally improve liquidity.

Investor Impact: Non-promoter investors who converted warrants will have their shares listed but cannot trade until lock-in expires. Existing shareholders experience minimal dilution given the small number of shares issued.

Impact Justification

Routine listing of small number of shares (35,000) from warrant conversion with minimal market impact due to small volume.