The December 2019 quarter revenue stood at Rs. 187.44 millions, up 19.37% as compared to Rs. 157.02 millions during the corresponding quarter last year.The Net Loss for the quarter ended December 2019 is Rs. -87.60 millions as compared to Net Profit of Rs. 49.00 millions of corresponding quarter ended December 2018Operating profit for the quarter ended December 2019 rose to 71.28 millions as compared to 39.86 millions of corresponding quarter ended December 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 187.44 157.02 19.37 518.70 482.31 7.54 648.16 762.64 -15.01 Other Income 3.98 0.59 574.58 5.41 1.60 238.13 5.50 16.89 -67.44 PBIDT 71.28 39.86 78.83 136.16 116.48 16.90 147.09 138.24 6.40 Interest 60.41 69.67 -13.29 185.74 198.67 -6.51 265.42 212.47 24.92 PBDT -26.76 107.87 -124.81 -188.05 -337.76 -44.32 -483.07 -1279.22 -62.24 Depreciation 59.65 58.50 1.97 180.77 175.59 2.95 234.18 236.91 -1.15 PBT -86.41 49.37 -275.03 -368.82 -513.35 -28.15 -717.25 -1516.13 -52.69 TAX 1.19 0.37 221.62 2.02 0.89 126.97 0.35 0.02 1650.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -87.60 49.00 -278.78 -370.83 -514.24 -27.89 -717.60 -1516.15 -52.67 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 38.03 25.39 49.80 26.25 24.15 8.69 22.69 18.13 25.20

The September 2019 quarter revenue stood at Rs. 182.85 millions, up 15.82% as compared to Rs. 157.88 millions during the corresponding quarter last year.The Net Loss for the quarter ended September 2019 is Rs. -185.83 millions as compared to Net Loss of Rs. -293.48 millions of corresponding quarter ended September 2018Operating Profit reported a sharp decline to 33.33 millions from 42.37 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 182.85 157.88 15.82 331.26 325.29 1.84 648.16 762.64 -15.01 Other Income 1.10 0.42 161.90 1.43 1.01 41.58 5.50 16.89 -67.44 PBIDT 33.33 42.37 -21.34 64.88 76.62 -15.32 147.09 138.24 6.40 Interest 61.63 66.58 -7.43 125.33 129.00 -2.84 265.42 212.47 24.92 PBDT -128.13 -234.32 -45.32 -161.29 -445.63 -63.81 -483.07 -1279.22 -62.24 Depreciation 57.17 58.84 -2.84 121.12 117.09 3.44 234.18 236.91 -1.15 PBT -185.30 -293.16 -36.79 -282.41 -562.72 -49.81 -717.25 -1516.13 -52.69 TAX 0.53 0.32 65.63 0.83 0.52 59.62 0.35 0.02 1650.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -185.83 -293.48 -36.68 -283.23 -563.24 -49.71 -717.60 -1516.15 -52.67 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 18.23 26.84 -32.08 19.59 23.55 -16.85 22.69 18.13 25.20

A decrease in the sales to Rs. 148.41 millions was observed for the quarter ended June 2019. The sales stood at Rs. 167.41 millions during the similar quarter previous year.The Net Loss for the quarter ended June 2019 is Rs. -97.40 millions as compared to Net Loss of Rs. -269.76 millions of corresponding quarter ended June 2018Operating profit for the quarter ended June 2019 decreased to 31.55 millions as compared to 34.25 millions of corresponding quarter ended June 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 148.41 167.41 -11.35 148.41 167.41 -11.35 648.16 762.64 -15.01 Other Income 0.33 0.59 -44.07 0.33 0.59 -44.07 5.50 16.89 -67.44 PBIDT 31.55 34.25 -7.88 31.55 34.25 -7.88 147.09 138.24 6.40 Interest 63.70 62.42 2.05 63.70 62.42 2.05 265.42 212.47 24.92 PBDT -33.16 -211.31 -84.31 -33.16 -211.31 -84.31 -483.07 -1279.22 -62.24 Depreciation 63.95 58.25 9.79 63.95 58.25 9.79 234.18 236.91 -1.15 PBT -97.11 -269.56 -63.97 -97.11 -269.56 -63.97 -717.25 -1516.13 -52.69 TAX 0.30 0.20 50.00 0.30 0.20 50.00 0.35 0.02 1650.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -97.40 -269.76 -63.89 -97.40 -269.76 -63.89 -717.60 -1516.15 -52.67 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 21.26 20.46 3.91 21.26 20.46 3.91 22.69 18.13 25.20

Global Offshore Services is currently trading at Rs. 11.48, up by 0.02 points or 0.17% from its previous closing of Rs. 11.46 on the BSE.The scrip opened at Rs. 11.00 and has touched a high and low of Rs. 11.48 and Rs. 11.00 respectively. The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 31.35 on 13-Jun-2018 and a 52 week low of Rs. 9.21 on 14-Feb-2019.Last one week high and low of the scrip stood at Rs. 12.35 and Rs. 10.50 respectively. The current market cap of the company is Rs. 27.20 crore.The promoters holding in the company stood at 33.06%, while Institutions and Non-Institutions held 5.82% and 61.12% respectively.Global Offshore Services’ subsidiary -- Global Offshore Services B.V., Netherlands has sold the Vessel ‘M.V.Olympus’ due to inability to repay the loan availed from Nord Lb for the said Vessel. The said vessel has been sold in conjunction with the Lenders after following the due process of Law for $ 8.10 million only.Global Offshore Services presently owns and operates a fleet of anchor handling tugs cum vessels and platform supply vessels.

Net sales declined -10.71%  to  Rs. 157.02 million from Rs. 175.85 millions.The Total Profit for the quarter ended December 2018 of Rs. 49.00 millions grew from Rs.-9.55 millionsThe company reported a good operating profit of 39.86 millions compared to 35.29 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 157.02 175.85 -10.71 482.31 570.93 -15.52 762.64 984.91 -22.57 Other Income 0.59 3.29 -82.07 1.60 9.97 -83.95 16.89 8.56 97.31 PBIDT 39.86 35.29 12.95 116.48 187.50 -37.88 138.22 331.16 -58.26 Interest 69.67 52.93 31.63 198.67 155.59 27.69 212.47 196.68 8.03 PBDT 107.87 50.85 112.13 -337.76 74.66 -552.40 -1279.24 271.39 -571.37 Depreciation 58.50 59.22 -1.22 175.59 176.87 -0.72 236.91 225.92 4.86 PBT 49.37 -8.37 -689.84 -513.35 -102.21 402.25 -1516.13 45.47 -3434.35 TAX 0.37 1.18 -68.64 0.89 3.17 -71.92 0.02 2.35 -99.15 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT 49.00 -9.55 -613.09 -514.24 -105.37 388.03 -1516.15 43.13 -3615.30 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 25.39 20.06 26.53 24.15 32.84 -26.46 18.13 33.62 -46.09

Net sales declined -21.06%  to  Rs. 167.41 million from Rs. 212.06 millions.The Net Loss for the quarter ended June 2018 is Rs. -269.76 millions as compared to Net Loss of Rs. -17.47 millions of corresponding quarter ended June 2017Operating Profit reported a sharp decline to 34.25 millions from 85.18 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 167.41 212.06 -21.06 167.41 212.06 -21.06 762.64 984.91 -22.57 Other Income 0.59 3.98 -85.18 0.59 3.98 -85.18 16.89 8.56 97.31 PBIDT 34.25 85.18 -59.79 34.25 85.18 -59.79 138.22 331.16 -58.26 Interest 62.42 51.09 22.18 62.42 51.09 22.18 212.47 196.68 8.03 PBDT -211.31 41.93 -603.96 -211.31 41.93 -603.96 -1279.24 271.39 -571.37 Depreciation 58.25 58.43 -0.31 58.25 58.43 -0.31 236.91 225.92 4.86 PBT -269.56 -16.50 1533.70 -269.56 -16.50 1533.70 -1516.13 45.47 -3434.35 TAX 0.20 0.98 -79.59 0.20 0.98 -79.59 0.02 2.35 -99.15 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -269.76 -17.47 1444.13 -269.76 -17.47 1444.13 -1516.15 43.13 -3615.30 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 20.46 40.17 -49.07 20.46 40.17 -49.07 18.13 33.62 -46.09

Global Offshore Services is currently trading at Rs. 27.55, up by 0.60 points or 2.23% from its previous closing of Rs. 26.95 on the BSE.The scrip opened at Rs. 27.15 and has touched a high and low of Rs. 27.80 and Rs. 27.15 respectively. So far 1,634 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 60.50 on 07-Apr-2017 and a 52 week low of Rs. 26.95 on 08-Mar-2018.Last one week high and low of the scrip stood at Rs. 32.00 and Rs. 26.95 respectively. The current market cap of the company is Rs. 68.13 crore.The promoters holding in the company stood at 32.90%, while Institutions and Non-Institutions held 5.84% and 61.27% respectively.Global Offshore Services has received a Notice of award of contract for one of its vessels for a period of 3 years. The said vessel will commence operations in April 2018. The value of the contract will be around Rs 10 crore per annum.Global Offshore Services, formerly Garware Offshore Services, is engaged in charter of offshore support vessels.

The sales declined to Rs. 175.85 millions for the December 2017 quarter as compared to Rs. 225.25 millions during the corresponding quarter last year.The Net Loss for the quarter ended December 2017 is Rs. -9.55 millions as compared to Net Loss of Rs. -103.30 millions of corresponding quarter ended December 2016The company reported a degrowth in operating Profit to 35.29 millions from 85.27 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 175.85 225.25 -21.93 570.93 765.38 -25.41 984.75 1593.11 -38.19 Other Income 3.29 2.02 62.87 9.97 4.15 140.24 8.56 4.24 101.89 PBIDT 35.29 85.27 -58.61 187.50 293.04 -36.02 330.39 708.69 -53.38 Interest 52.93 50.37 5.08 155.59 143.65 8.31 196.52 182.55 7.65 PBDT 50.85 -46.10 -210.30 74.66 75.60 -1.24 133.87 526.14 -74.56 Depreciation 59.22 56.40 5.00 176.87 169.82 4.15 225.92 223.87 0.92 PBT -8.37 -102.50 -91.83 -102.21 -94.22 8.48 -92.05 302.27 -130.45 TAX 1.18 0.80 47.50 3.17 1.83 73.22 2.35 2.15 9.30 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -9.55 -103.30 -90.76 -105.37 -96.05 9.70 -94.40 300.13 -131.45 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 20.06 37.86 -47.00 32.84 38.29 -14.22 33.55 44.48 -24.58

The sales declined to Rs. 183.02 millions for the September 2017 quarter as compared to Rs. 226.68 millions during the corresponding quarter last year.The Net Loss for the quarter ended September 2017 is Rs. -78.35 millions as compared to Net Profit of Rs. 24.32 millions of corresponding quarter ended September 2016Operating profit for the quarter ended September 2017 decreased to 67.03 millions as compared to 81.08 millions of corresponding quarter ended September 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 183.02 226.68 -19.26 395.08 540.13 -26.85 984.75 1593.11 -38.19 Other Income 2.70 0.58 365.52 6.68 2.13 213.62 8.56 4.24 101.89 PBIDT 67.03 81.08 -17.33 152.21 207.77 -26.74 330.39 708.69 -53.38 Interest 51.57 47.90 7.66 102.66 93.28 10.06 196.52 182.55 7.65 PBDT -18.12 81.78 -122.16 23.81 121.70 -80.44 133.87 526.14 -74.56 Depreciation 59.22 57.09 3.73 117.65 113.42 3.73 225.92 223.87 0.92 PBT -77.34 24.69 -413.24 -93.84 8.28 -1233.33 -92.05 302.27 -130.45 TAX 1.01 0.37 172.97 1.99 1.03 93.20 2.35 2.15 9.30 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -78.35 24.32 -422.16 -95.82 7.25 -1421.66 -94.40 300.13 -131.45 Equity 247.29 247.29 0.00 247.29 247.29 0.00 247.29 247.29 0.00 PBIDTM(%) 36.62 35.77 2.39 38.53 38.47 0.16 33.55 44.48 -24.58

Global Offshore Services has informed about Review of Credit Rating.The above information is a part of company’s filings submitted to BSE.

The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for indiaSTAR (Mauritius).The above information is a part of company’s filings submitted to BSE.

Global Offshore Services has informed that in view of the sudden repricing of contracts by the Company’s clients, even though all the Company’s assets are deployed on term contracts, the cash flow of the Company has been severely affected over the past few months. As a result the Company had approached its main Lender viz., State Bank of India to reschedule the loan installments to be repaid. Inspite of protracted discussions with the Bank and a commitment to continue paying interest, the Company and the Bank have not been able to arrive at mutually acceptable terms for re-schedulement of the loans and as a result of non-payment of the past 3 months installments, State Bank of India has classified the account of the Company as a nonperforming asset with effect from January 29, 2017.The above information is a part of company’s filings submitted to BSE.