Garware Offshore Services Ltd (GLOBOFFS) — FY26 Annual Report | 1 September 2026

Garware Offshore Services Ltd reported a net loss of Rs 1,170.20 crores for FY 2025-26, up from Rs 796.09 crores, driven by higher depreciation and finance costs despite a 62% rise in EBITDA to Rs 11.67 crores. The company recommended no dividend due to losses, converted 105,000 warrants, and changed its name to Garware Offshore Services Limited effective February 18, 2026. It also expanded operations with two new Indian subsidiaries and recovered Rs 322.50 lakhs from a Singapore subsidiary loan. The annual report, filed with BSE on 2026-09-01 under Reg. 34(1), includes governance disclosures, risk management, and compliance with SEBI and MCA regulations, with the 48th AGM scheduled for 24 September 2026 via virtual conference.