Description

35,000 equity shares of Global Offshore Services Ltd listed on BSE effective October 13, 2025, issued at Rs. 92/- per share to non-promoters pursuant to warrant conversion with lock-in until April 30, 2026.

Summary

BSE has approved the listing of 35,000 new equity shares of Global Offshore Services Ltd (Scrip Code: 501848) with effect from Monday, October 13, 2025. These shares were issued at a premium of Rs. 82/- (face value Rs. 10/-) to non-promoters on a preferential basis pursuant to the conversion of warrants. The shares are subject to a lock-in period until April 30, 2026.

Key Points

  • 35,000 equity shares of face value Rs. 10/- each listed
  • Issue price: Rs. 92/- per share (Rs. 10/- face value + Rs. 82/- premium)
  • Allotted to non-promoters on preferential basis
  • Issued pursuant to conversion of warrants
  • Date of allotment: July 8, 2025
  • Trading commences: October 13, 2025
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE446C01013
  • Distinctive Numbers: 30708444 to 30743443

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members must note the listing of these new securities
  • Lock-in restrictions apply to all 35,000 shares until April 30, 2026
  • Shares cannot be transferred or traded by allottees during the lock-in period

Important Dates

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

Impact Assessment

Market Impact: Minimal. The issuance represents a relatively small number of shares (35,000) and is subject to a lock-in period until April 30, 2026, meaning these shares will not be available for trading in the immediate term.

Company Impact: The preferential allotment to non-promoters through warrant conversion provides capital infusion to Global Offshore Services Ltd at Rs. 92/- per share, generating approximately Rs. 32.2 lakhs.

Investor Impact: Existing shareholders should be aware of the dilution effect, though the impact is minimal given the small size of the issuance. The lock-in period provides some assurance that these shares will not immediately flood the market.

Impact Justification

Routine preferential allotment with small issuance size (35,000 shares) to non-promoters. Limited market impact due to small volume and lock-in period.