Pursuant to Regulation 30 of the provisions of SEBI (LODR) Regulations, 2015 we hereby intimate that Pursuant to the authority granted by the Company''s Shareholders vide their Postal Ballot Resolution passed on 16.12.2020, Board of Directors at its meeting held on 26.03.2024 resolved to sell 11,326,500 Equity shares (out of 19,255,381 shares) held by the Company in its subsidiary viz Global Offshore Services B.V. (GOSBV), The Netherlands to a Local Dutch Citizen for a Consideration of USD 5,000.
Post sale/disinvestment, the Company will continue to hold 28% of GOSBV and as a result GOSBV, The Netherlands shall cease to be a Subsidiary of the Company
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