This is to inform that at the meeting of the Board of Directors of the Company held today, the following matters were considered and approved:\r\n1 Subject to the approval of the Shareholders, Central Government, Stock Exchange and such other requisite authorities, to change the name of the Company.\r\na from Global Offshore Services Ltd. to \Garware Offshore Services Limited\ or such other name as may be approved and granted by the Registrar of Companies, Mumbai; and\r\nb make consequential amendments to Memorandum and Articles of Association of the Company for the above.\r\n2 Apply for the re-listing of Equity Shares of the Company on National Stock Exchange of India Limited (NSE), subject to requisite approval(s), wherever required.\r\n3 Setting up of three (3) new Wholly Owned Subsidiaries (WOS) by the Company to \rejig\ operations as a long-term strategy.\r\n\r\n