Garware Offshore Services share news, announcements and annual reports
BSE: 501848Transport ServicesSmall Cap
GARWARE OFFSHORE SERVICES LIMITED · Formerly Garware Offshore Services · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 1981
Last close ₹35.45up ₹0.33 (0.94%)
Share price at the BSE close on 30 Oct 2026. Previous close ₹35.12.
30 Oct: open ₹35.85, high ₹35.85, low ₹34.14
52-week range of traded prices to 30 Oct 2026
₹31.00Low, 29 Oct 2026₹74.75High, 31 Oct 2025
- Next results date: the board meets on 5 Nov 2026 to consider: quarterly results. Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹109 Cr2,620th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.87
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- −7.9%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹2.62 crore of one-off items, the largest of them in the quarter to Sep 2025.
- −9.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −4.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.50
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 35,186
Garware Offshore Services share news and announcements
976 announcements, routine notices left out, newest first. Page 20 of 20.
Apr 2008
21 Apr · Updates
The Company has secured a contract for upto 3 years for its new Anchor Handling Tug cum Supply Vessel (AHTS) being delivered in Singapore in June, 2008. The annual revenue from this contract is expected to be in the region of Rs. 17.5 crores. The Company presently owns and operates six vessels and has five more vessels scheduled for delivery within the next 10 months. In view of buoyant demand in the Offshore Services Sector, the Company continues to look for more assets to acquire in an attempt to develop/ strengthen its fleet.15 Apr · Board meeting
Meeting on 24 Apr 2008: “Unaudited Financial Results for the qtr ended March 31, 2008”2 Apr · Updates
On 1st April, 2008 the Company has sold one of its vessel, "M.V. Garware- II" which was built in 1983
Mar 2008
24 Mar · Corrigendum
Corrigendum to the Public Announcement made on November 07, 2007 for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 47,63,819 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. With reference to the Public Announcement made on November 07, 2007 and the Corrigendum to the Public Announcement made on December 14, 2007, December 19, 2007 and March 10, 2008 a copy of the Corrigendum to the public announcement made on March 20, 2008 shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.11 Mar · Corrigendum to Open offer
Corrigendum to the Public Announcement made on November 07, 2007 for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 47,63,819 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. A copy of the Corrigendum shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2008
22 Feb · Memorandum of Understanding
The Company has entered into a Memorandum of Understanding (MoU) for the acquisition of one Anchor Handling Tug Cum Supply Vessel (AHTSV) of 60 Tons Bollard Pull fitted with Fire Fighting Equipment (FIFI 1) and Dynamic Position System (DP 1). The Vessel is schedule to be delivered to the Company in February, 2009
Jan 2008
24 Jan · Updates
Board of Directors of the Company at the meeting held on January 24, 2008, have considered the following: "The Board noted that the Contract for charter hire of Company's Platform Supply Vessel 'M.V. Everest' expiring in January, 2008, is further renewed for a period of two years by B.G. Exploration and Production India Ltd. (British Gas) with an upward revision of approximately 20% in the charter hire compared to previous contract".16 Jan · Board meeting
Meeting on 24 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”14 Jan · Extension of Financial Year
The Company has extended its Financial Year ending December, 2007 to 31st March, 2008. The requisite permission from the Registrar of Companies, Mumbai, has been obtained for holding the Annual General Meeting till 30.09.2008.
Dec 2007
20 Dec · Corrigendum to Open offer
Corrigendum to the Public Announcement for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 47,63,819 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. A copy of the Corrigendum shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.14 Dec · Corrigendum
Corrigendum to the Public Announcement for Open offer by indiaStar (Mauritius) Limited (the "Acquirer") to acquire upto 4,707,799 fully paid up equity shares of Rs.10/- each of Garware Offshore Services Limited representing 20% of the total paid-up voting equity share capital of Garware Offshore Services Limited. A copy of the Corrigendum shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.4 Dec · Public Announcement-Open Offer
Public Announcement ("PA") being issued by them ("HSBC" or the "Manager to the Offer") for and on behalf of indiaSTAR (Mauritius) Ltd. (hereinafter referred to as the "Acquirer"), to the shareholders of Garware Offshore Services Ltd. ("Target") pursuant to and in compliance with among others, Regulation 10 of the Securities and Exchange Board of India. The Offer: Pursuant to Regulation 10 and other applicable provisions of the Regulations, the Acquirer is making an open offer (the "Offer" or the "Open Offer") to the shareholders of the Target to acquire upto 4,707,799 fully paid up equity shares of Rs.10/- each of the Target (the "Shares" and each a "Share"), representing 20% of the expanded paid-up voting equity share capital of the Target as on November 06, 2007. The Offer is being made at a price of Rs.230/- (Rupees Two Hundred and Thirty only) for each Share (such price, hereinafter referred to as the "Offer Price"), to be paid in cash. The Offer is not conditional upon any minimum level of acceptance. The Specified Date: November 30, 2007. The Date of Opening of the Offer is January 01, 2008 and the Date of Closing of the Offer is January 21, 2008. A copy of the Public Announcement-Open Offer shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.3 Dec · Allotment of shares
Vide its letter dated November 30, 2007, that: "The Allotment Committee of the Board of Directors has today allotted 2,80,100 fully paid up Equity Shares of Rs.10/- each upon conversion of Warrants, allotted in the 3rd Preferential Allotment of the Company to the Promoters and Non-Promoters. Consequent to the above allotment all warrants allotted in the 3rd Preferential Allotment are converted into Equity Shares".
Nov 2007
29 Nov · Signing of contract
The Company's subsidiary Offshore International Services Pte. Ltd. (GOISPL), has signed a contract for the acquisition of one construction work barge for delivery in July, 2009. Upon completion of formalities, the said barge, which will not be owned by GOISPL, will be bareboat chartered to it for a period of upto 10 years on delivery.6 Nov · Allotment of shares
Vide its letter dated November 06, 2007 that "The Allotment Committee of Board of Directors of the Company at its meeting held today, issued and allotted 22,72,727 equity shares of Rs.10/- each at a price of Rs.110/- upon exercise of option of conversion into equity shares by the Debenture-holder viz. India Star (Mauritius) Ltd. Please note that consequent to the aforesaid allotment of equity shares, the post equity shareholding of India Star (Mauritius) Ltd. including their present equity shareholding of 25,90,000 equity shares (being 12.18 % of the present paid up Share Capital of 2,12,66,266 Shares) will be 48,62,725 equity shares of Rs.10/- each (being 20.66 % on the enhanced Share Capital of 2,35,38,993 Shares)".5 Nov · Allotment of shares
Vide is letter dated November 05, 2007 that "The Allotment Committee of the Board of Directors has today allotted 3,52,500 fully paid up Equity Shares of Rs.10/- each upon conversion of Warrants, allotted in 3rd Preferential Allotment of the Company to the Promoters and Non-Promoters. The Post Allotment paid-up Share Capital is 2,12,66,266 Equity Shares of Rs.10/- each aggregating to Rs.21,26,62,660/-".1 Nov · Allotment of shares
Vide is letter dated October 31, 2007 that "The Allotment Committee of the Board of Directors has today allotted 7,03,500 fully paid up Equity Shares of Rs.10/- each upon conversion of Warrants, allotted in 3rd Preferential Allotment of the Company to the Promoters and Non-Promoters. The Post Allotment paid-up Share Capital is 2,09,13,766 Equity Shares of Rs.10/- each aggregating to Rs.20,91,37,660/-".
Oct 2007
10 Oct · Board meeting
Meeting on 18 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”
Sep 2007
28 Sep · Business
Vide its letter dated September 27, 2007 that the Company's Anchor Handling Tug Cum Supply Vessel (AHTSV), M.V.Garware II, which has come off contract from ONGC has started work in the spot market and has been awarded contract on short term basis at a charter rate which is approx. 50% higher.20 Sep · Allotment of shares
The Allotment Committee of the Board of Directors has today allotted 4,74,925 fully paid up Equity Shares of Rs. 10/- each upon conversion of warrants, allotted in the 2nd Preferential allotment of the Company to the Promoters and Non-promoters. Consequent to the above allotment, all the Share Warrants allotted in the 2nd Preferential allotment of the Company are converted into Equity Shares.
Jul 2007
17 Jul · Management
July 17, 2007 that "Subject to shareholders' approval, the Board of Directors at its meeting held today, approved reappointment and remuneration payable to Mr. Ashok B. Garware, Chairman, for a further period of 5 years with effect from 1st July, 2007".10 Jul · Board meeting
Meeting on 17 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”10 Jul · Incorporation of subsidiary
The Company has incorporated in Singapore a 100% subsidiary in the name and style of "Garware Offshore International Services Pte. Ltd". This subsidiary has been incorporated in view of the potential business opportunities that the Company is attempting to take advantage of the Oil & Gas space. The subsidiary's main area of business will include "in and out "chartering of ships to E&P Companies as well as to provide all marine Offshore and Logistics services internationally
May 2007
28 May · Miscellaneous
The Company has taken delivery of its Newly Built Platform Supply Vessel "M.V. Kamet" constructed at Havyard Leirvik, a yard situated in Norway. The vessel, which is a state of art UT 755L design, with clean notation, DP1 and FiFil has left Norway to return to India by the third week of June, 2007. The vessel will thereafter, be deployed with Oil and Natural Gas Corporation Limited for a five year contract. The annual value of the Contract will be approx. 24 crores11 May · Allotment of shares
The Allotment Committee of the Board of Directors has today (i.e. May 11, 2007) allotted 3,11,100 fully paid up Equity Shares of Rs. 10/- each upon conversion of Warrants, allotted in the 2nd Preferential Allotment of the Company to the Promoters and Non - Promoters.11 May · Dividend
At the 29th Annual General Meeting of the Company held today, (i.e. May 11, 2007) the shareholders of the Company have approved the following Resolutions : (1) Declaration of 18% Dividend on Equity Shares (including 10% interim dividend paid). (2) Re-election of Mr. Shamsunder Aggarwal as a Director. (3) Appointment of Messers. Raman. S. Shah & Associates, Chartered Accountants, as statutory Auditors. (4) Appointment of Mr. J. C. Chopra as Director. (5) Appointment of Mr. D. J. Thakkar as Director.