Garware Offshore Services Ltd-$ MD, chairman, board of directors and AGM
BSE: 501848Transport ServicesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹36.83.
- 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.
- ₹111 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.
- 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. The filing of 1 Jul 2026
- 0.9
- 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. The filing of 10 Aug 2026
- −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. The filing of 10 Aug 2026
- −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. The filing of 1 Jul 2026
- 0.50
- Volume, BSEVolume. Shares traded on the last trading day.
- 5,029
Garware Offshore Services Ltd-$ board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonADITYA A GARWARE
- Company Secretary and Compliance OfficerA C CHANDARANA
6 directors3 independent1 executive2 non-executive
- ADITYA A GARWARE · ChairpersonNon-executive · joined May 1993 · reappointed Nov 2025 · 36 months as independent · 2 listed boards · 2 committee seats
- MANEESHA S SHAHNon-executive · joined Nov 1992 · 1 listed board · 1 committee seat
- FAISY VIJUIndependent · joined Jan 2020 · reappointed Sep 2020 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- JISUPRIYA M GUHATHAKURTAIndependent · joined Feb 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- SMITA DURGADATT GAURIndependent · joined Mar 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- MUKUND M HONKANExecutive · joined Apr 2022 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 10 Aug 20266 of 6 present3 independent · 73 days in between
- 28 May 20266 of 6 present3 independent
Audit Committee
Chair JISUPRIYA M GUHATHAKURTA
MANEESHA S SHAH, FAISY VIJU, SMITA DURGADATT GAUR
- 10 Aug 20264 of 4 present3 independent · 73 days in between
- 28 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair JISUPRIYA M GUHATHAKURTA
FAISY VIJU, SMITA DURGADATT GAUR
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair JISUPRIYA M GUHATHAKURTA
ADITYA A GARWARE, MUKUND M HONKAN
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair MUKUND M HONKAN
FAISY VIJU, JISUPRIYA M GUHATHAKURTA, SMITA DURGADATT GAUR
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- MESSRS. D. KOTHARY & COPeer-review certificate valid to Nov 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Garware Offshore Services Ltd-$ AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Garware Offshore Services Ltd-$ dividend history
Annual general meeting, 24 Sep 2026
17,742 shareholders on the register on 17 Sep 2026; present: 18 promoters and 96 others; votes counted by TAHER SAPATWALA / TAHER SAPATWALA & ASSOCIATES.The company's voting result (opens in a new tab)
Adoption of : a] audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the reports of the Directors' and Auditors' thereon; and b] audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the reports of the Directors' and Auditors' thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 35.58% · promoters 99.89% · institutions 0.00% · other public 7.66%
- Re-appointment of Mr. Aditya Ashok Garware (DIN : 00019816) who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 35.58% · promoters 99.89% · institutions 0.00% · other public 7.66%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 25 Jan 2021, 2 resolutions
The company's voting result (opens in a new tab)
- SALE OF FIXED ASSETS TO ANY PERSON/BODY CORPORATESpecial97.95% for2.05% against
Against: promoters 0.00% · institutions 0.00% · other public 25.01%
Turnout: all 33.78% · promoters 93.64% · institutions 0.00% · other public 4.54%
- SALE OF EQUITY SHARES IN THE COMPANY'S SUBSIDIARYSpecial97.95% for2.05% against
Against: promoters 0.00% · institutions 0.00% · other public 24.99%
Turnout: all 33.78% · promoters 93.64% · institutions 0.00% · other public 4.54%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2020, 3 resolutions
Present: 19 promoters and 39 others.The company's voting result (opens in a new tab)
- Adoption of Standalone and Consolidated Audited Accounts for the financial year ended March 31, 2020Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 35.17% · promoters 99.99% · institutions 0.00% · other public 3.46%
- Re-appointment of Mr. Aditya A Garware, who retires by rotation and being eligible, offers himselfOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 35.17% · promoters 99.99% · institutions 0.00% · other public 3.46%
- Appointment of Mrs. Faisy Viju as Director and Independent DirectorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 35.17% · promoters 99.99% · institutions 0.00% · other public 3.46%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2019, 4 resolutions
Present: 81,16,417 promoters and 1,66,12,376 others.The company's voting result (opens in a new tab)
- Adoption of Standalone and Consolidated Audited Accounts for the year ended 31st March, 2019Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 34.66% · promoters 99.98% · institutions 0.00% · other public 3.01%
- Reappointment of Mrs.Maneesha Shah, who retires by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 34.66% · promoters 99.98% · institutions 0.00% · other public 3.01%
- Appointment of Mr.M.M.Honkan as DirectorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 34.66% · promoters 99.98% · institutions 0.00% · other public 3.01%
- Appointment and payment of remuneration (subject to requisite approval) to Mr.M.M.HonkanOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 34.66% · promoters 99.98% · institutions 0.00% · other public 3.01%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines, tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake heldNOT APPLICABLESince 30 Sep 2026
0.00% bought in the quarter; holding 0.00%, from 0.00%
- Fine or penaltyNOT APPLICABLESince 30 Sep 2026
NOT APPLICABLE
- Tax dispute0Since 30 Sep 20260
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesJun 2026 | – | – | – | Yes |