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Global Offshore Services announces change in directorate and CFO

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At board meeting held on 16 June 2017

Global Offshore Services announced that the Board of Directors at its meeting held on 16 June 2017 passed the following resolutions -

1. Cessation of Ashok Garware as Executive Chairman w.e.f. closing hours of 30 June, 2017 and continues to act as "Non-Executive Chairman".

2. Resignation of Niladri Sengupta as CFO w.e.f. closing hours of 30 June,2017.

3. Appointment of Niladri Sengupta as an Additional Director & Whole Time Director subject to approval of Shareholder at the ensuing AGM and Secured Creditors of the Company w.e.f. 1 July, 2017 for a period of 3 years.

4. Appointment of Pradip S Shah as CFO w.e.f. 1 July, 2017

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