April 16, 2008. The company has announced the scheme of buyback in leading newspapers such as Financial Express, Janasatta - all India editions besides Navbharat and Navshakti - Mumbai edition on 16th April 2008. The process of buyback would commence from 28th April 2008, subject to regulatory approvals. The objective of the buyback is to enhance the shareholders value and improve key operating ratios of the Company. Click here to view the scheme

The Company has declared its Unaudited financial results for the quarter ended 31st December 2007. View Results in Financial Profile and Press Release

At the Annual General Meeting of the Company held on 29th August, 2007 all the eleven resolutions proposed were passed unanimously.

At the Board Meeting, the Board of Directors declared an interim dividend of 80% i.e. Rs 8/- per equity share of face value Rs 10/- each for the financial year 2007-2008.

The dividend shall be paid to shareholders whose names appear in the Register of Members /List of Beneficial Owners as on September 10, 2007 which is the Record date for determining the shareholders eligible for payment of interim dividend.

Ms. Falguni Sanghvi has been appointed as Company Secretary of the Company and Compliance Officer in accordance with the Listing Agreement with effect from June 2, 2008.

The Company has declared its audited financial results for the year ended 31st March 2007 on 30th April 2007. View it on Financial Profile

July 26, 2007. A Meeting of the Board of Directors of the Company will be held on Monday, 30th July, 2007 to consider an increase in the limit of investment by Foreign Institutional Investors(FIIs) from the permitted level of 24% of the paid-up equity capital of the Company to 49% of the paid-up equity capital of the Company.

January 02 , 2007 A Meeting of the Board of Directors of the Company will be held on Thursday, 11th January, 2007 to take on record the Unaudited Financial Results of the Company subject to " Limited Review" for the quarter ended 31st December, 2006.

A meeting of the Board of Directors of the Company will be held on January 28, 2008 for considering and taking on record the Unaudited Financial results of our Company for the third quarter ended December 31, 2007

A meeting of the Board of Directors will be held on October 18, 2007 to consider and take on record the unaudited financial results of the Company for the quarter ended September 30,2007.

April 22, 2008. A meeting of Board of Directors will be held on April 30, 2008 for considering and taking on record the Audited Financial Results of the Company for the quarter and year ended March 31, 2008. The Board may also consider recommending dividend, if any, for the financial year 2007 -08.

March 16,2007. A meeting of the Board of Directors will be held on March 21, 2007 to consider, inter alia, payment of interim dividend on equity shares of the Company for the year 2006-07. Further, March 26, 2007 will be the Record Date for determining the shareholders eligible for payment of Interim Dividend declared, if any. Interim dividend on equity shares of the Company for the year 2006-07, if declared at the meeting of the Board of Directors at its meeting on March 21, 2007, will be paid tentatively from March 30, 2007.

A meeting of the Board of Directors of the Company will be held on March 31, 2008, inter alia, to consider, buy back of equity shares of the Company

The Register of Members and Share Transfer book of the Company will be closed from June 27, 2008 (Friday) to July 4, 2008 (Friday) both days inclusive for the purpose of the Annual General Meeting of the Company to be held on July 10, 2008 and dividend.

The revised date for opening of buyback would be 7th May 2008. A corrigendum to the said effect is published in leading news papers on 30th April 2008. Click here to view the details.

The April 07 Corporate Presentation available. view it on Finacial Profile

The Company will declare its audited financial results for the quarter ended 31st March 2007 on 30th April 2007. Thereafter, the Company has organised a conference call on 30th April 2007 at 5.30 p.m. (IST) and the Company's management team led by Mr. Vijay K. Sheth, Managing Director, will be available online through the conference call for an interactive session.

You are cordially invited to connect through the call by 5.20 p.m. and interact with the management of the Company.

You can just call any of the city centres listed below and give your details and the Company name i.e. GREAT OFFSHORE LIMITED and the moderator will connect you through the conference call. In case your city does not have a connection centre, you can dial the nearest city centre or the Mumbai centre numbers.

Should you require any further clarification / information regarding the conference call, you can call Tata Indicom at +91-22-67903333 or fax no. at +91-22-67904400 or reach us at info@greatoffshore.com.

July 12, 2007. We have been awarded a prestigious five year contract from ONGCL for our new state of the art Jackup Rig Samed Shikhar. The approximate value of the contract is Rupees One Thousand Crores. The contract is slated to commence on or before May 2009.

Financial results for quarter ended 30-June-2007 and Conference Call

The Company will declare its audited financial results for the quarter ended 30th June 2007 on 19th July 2007. Thereafter, the Company has organised a conference call on 19th July 2007 at 5.30 p.m. (IST) and the management team of the Company led by Mr. Vijay K. Sheth, Managing Director, will be available online through the conference call for an interactive session.

You are cordially invited to connect through the call by 5.20 p.m. and interact with the management of the Company.

You can just call any of the city centres listed below and give your details and the Company name i.e. GREAT OFFSHORE LIMITED and the moderator will connect you through the conference call. In case your city does not have a connection centre, you can dial the nearest city centre or the Mumbai centre numbers.

Should you require any further clarification / information regarding the conference call, you can call Tata Indicom at +91-22-67903333 or fax no. at +91-22-67904400 or reach us at info@greatoffshore.com

Click here to view the Press Release

March 21, 2007. At the Board Meeting held on 21st March 2007, the Directors have declared payment of interim dividend @ Rs. 8/- per share, i.e. 80%, to all the shareholders of the Company whose names appear in the Register of Members on 26th March, 2007, the Record Date fixed for this purpose.

The Company on January 3, 2008 has taken delivery of a flat cargo carrier. With the delivery of this cargo carrier, the Company will be operating a diversified fleet of 41 vessels.

December 26,2006. Great Offshore Limited took delivery of a newly built Anchor handling Tug Supply Vessel named 'Malaviya Twenty Eight'. With the delivery of 'Malaviya Twenty Eight', the Company's fleet strength now stands at 39 offshore vessels (2 Exploratory Rigs, 25 Offshore Support Vessels, 11 Tugs and a Construction Barge).

May 3, 2007. Great Offshore Limited took delivery of a newly built Anchor handling Tug Supply Vessel named \\\\\\\'Malaviya Twenty Three\\\\\\\'. With the delivery of \\\\\\\'Malaviya Twenty Three\\\\\\\', the Company\\\\\\\'s fleet strength now stands at 40 offshore vessels (2 Exploratory Rigs, 26 Offshore Support Vessels, 11 Tugs and a Construction Barge).

• CRISIL revises outlook on GREAT OFFSHORE to 'Stable'
• Outcome of Board meeting held on June 23, 2010:
  1. approved Audited Financial Results, recommendation of Dividend and Book Closure for Annual General Meeting & Dividend;
  2. Repricing of 7.25% Foreign Currency Convertible Bonds 2012 (“FCCBs”)
• Great Offshore's Training and Skills Management (TSM) Initiative adjudged second best in the "Training" Category at Safety at Sea International (SASI) Awards.
• Board meeting on June 23, 2010 to consider and approve inter-alia, the Audited Financial Results for the year ended March 31, 2010 and to recommend dividend on equity shares for the said year.
• Declaration of Post Ballot Result - April 29, 2010
• Q4 FY2009-10 (Standalone) UNAUDITED - Total Income at Rs. 27,852 lakhs UP 3%
• Q4 FY 2009-10 (Standalone) UNAUDITED - Operating EBIDTA at Rs.13,571 lakhs, UP 13%
• Q4 FY 2009-10 (Standalone) UNAUDITED - Operating EBIDTA Margin : 49.5%
• FY 2009-10 (Standalone) UNAUDITED - Total Income Rs. 101,238 lakhs UP 6%
• FY 2009-10 (Standalone) UNAUDITED - Operating EBIDTA at Rs.42,808 lakhs, UP 16%
• FY 2009-10 (Standalone) UNAUDITED - Operating EBIDTA Margin : 46.4%
• Board at its meeting held on April 20, 2010 approved the Unaudited financial results for fourth quarter and year ended March 31, 2010.
• Meeting of Board of Directors on April 20, 2010, to consider and approve inter alia, the Unaudited Financial Results for the quarter ended March 31, 2010.
• Postal Ballot Notice and Form
• On March 18, 2010, Company has taken delivery of a second hand Jack Up Rig, to be renamed as ‘AMARNATH’. With this delivery the Company's fleet strength stands at 47.

Click here to view information on Buyback of Equity Shares from Open Market.

Third Annual General Meeting will be held on Thursday, July 10, 2008. Click here to view the Notice.

Great Offshore Limited (“Great Offshore”) has made an offer for purchasing a controlling stake in an overseas company (“Overseas Company”). The said offer has been accepted by the board of the Overseas Company and subsequently by the Board of Great Offshore. The Overseas Company shall own, upon delivery, two harsh environment, semi-submersible, sixth generation drilling rigs, which are currently under construction, at an estimated cost of about USD 1.40 billion.

The Transaction is subject to satisfactory completion of confirming due diligence, execution of definitive documents and undertakings and receipt of all necessary approvals as might be required in India and overseas.

Motilal Oswal Investment Advisors Private Ltd., are the strategic advisors and Luthra & Luthra are the legal advisors to the transaction.

At the Board Meeting held on 30th July, 2007, the following items of business were approved.
1. Increase in the investment limit by FIIs either by way of acquisition of Equity Shares under Portfolio Investment Scheme or any other permissible mode from the existing 24% of the issued and paid-up equity capital of the Company upto 49% of the issued and paid-up equity capital of the Company .
2. Offer and issue to Exim Bank of India Ltd, upto 1,500,000 redeemable preference shares of Rs 1000/- each optionally convertible into equity shares of the Company at a price of Rs 875/- per share (Rs 10/- face value + Rs 865/- Premium).
3. Issue of Foreign Currency Convertible Bonds (FCCBs) in the aggregate/ equivalent to up to Rs 200 crores (or its equivalent in any foreign currency).

Date of Annual General Meeting

The Annual General Meeting of the Company will be held on August 29, 2007 at 4:00 p.m at Chavan Auditorium, Yashwantrao Chavan Pratisthan, Gen. Jagannathrao Bhonsle Marg, Mumbai 400 021.

The Board of Directors of the Company, at its meeting held on March 31, 2008, have approved the buy back the equity shares of the Company at a price not exceeding Rs 750/- per equity share, and up to an aggregate amount of Rs 55.24 Crores, which doesn’t exceed10% of the total paid-up capital and free reserves, as per the audited Balance Sheet, as at March 31, 2007.

The Company proposes to buy back shares on the Bombay Stock Exchange Ltd (BSE) and / or the National Stock Exchange of India Ltd (NSE), where these shares are listed, through open market purchases, from time to time. The number of equity shares to be bought back would depend upon the average price paid for the equity shares bought back and the aggregate consideration paid for such equity shares, subject to the maximum limit of Rs.55.24 Crores, in accordance with the resolution passed by the Board of Directors of the Company. The share buy back will be made from the cash and bank balance of the Company.

The maximum price is at a premium of 17% over the closing share price of the Company as on March 31, 2008. The buy back is proposed to improve the earnings per equity share, improvement of return on net worth, financial ratios and other performance criteria of the Company. The public notice/ public announcement shall be made by the Company as per the applicable provisions. View the notice in Financial Profile

The Board of Directors,at its meeting held on April 30, 2008, has approved the following:

• Audited Financial Results for the quarter and year ended March 31, 2008. View results
• Recommendation of pro-rata dividend at the rate of 5.66 % for the year ended March 31, 2008 on the 10% Optionally Convertible Redeemable Preference Shares (OCRPS).
• Recommendation of final dividend on Equity Shares for the year ended March 31, 2008 at the rate of Rs 8/- per equity share of Rs 10/- each, which is in addition to interim dividend declared at the rate of Rs 8/- per equity share.
• Re-designation of Mr Vijay Kantilal Sheth, as Vice Chairman cum Managing Director.

View press release

Pursuant to resolution passed by the Board of Directors at its meeting held on July 30, 2007 and subsequent approval granted by the shareholders at the Annual General Meeting held on August 29, 2007 for issue and allotment of Foreign Currency Convertible Bonds (FCCBs), the Securities Allotment Committee of the Board at its meeting held today i.e. October 5, 2007 allotted 7.25% Unsecured Foreign Currency Convertible Bonds (FCCB) aggregating to US$ 42,000,000, due in 2012, carrying a YTM of 7.25% and convertible into equity shares at a price of Rs 875/- per share. The Bonds will be listed on the Singapore Stock Exchange Securities Trading Limited .

Pursuant to resolution passed by the Board of Directors at its meeting held on July 30, 2007 and subsequent approval granted by the shareholders at the Annual General Meeting held on August 29, 2007 for issue and allotment of OCRPS, the Securities Allotment Committee of Board at its meeting held on September 7, 2007 allotted 15,00,000 (Fifteen lakh) Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs. 1000/- each fully paid up aggregating to Rs 150,00,000,00/- (Rupees One hundred fifty crore only) carrying a dividend rate of 10% p.a. to Export-Import Bank of India.

March 27, 2008. We hereby inform that we have sold the vessel, Malaviya Nine, a 1983 built Anchor Handling Tug - Supply Vessel (AHTSV).

With this sale, the current fleet of Offshore Vessels of the Company stands at 40.

The Company will declare its unaudited financial results for the quarter ended December 31, 2007 on 28th January 2008. Thereafter, the Company has organised a conference call on 28th January 2008 at 6.00 p.m. (IST) and the management team of the Company led by Mr. Vijay Kantilal Sheth, Managing Director, will be available online through the conference call for an interactive session.

You are cordially invited to connect through the call by 5:50 p.m. and interact with the management of the Company.

You can just call any of the city centres listed below and give your details and the Company name i.e. GREAT OFFSHORE LIMITED and the moderator will connect you through the conference call. In case your city does not have a connection centre, you can dial the nearest city centre or the Mumbai centre numbers.
The Dial In numbers for the participants will be as follows

Should you require any further clarification / information regarding the conference call, you can call Tata Indicom at +91-22-67903333 or fax no. at +91-22-67904400 or reach us at shanthi_venkatesan
@greatoffshore.com or om_pandey@greatoffshore.com

The Company has declared its Unaudited financial results for the quarter ended 30th June 2007. View Results in Financial Profile and Press Release

The Company has declared its Unaudited financial results for the quarter ended 30th September 2007. View Results in Financial Profile and Press Release

Outcome of Board Meeting held on October 18, 2007

At the Board Meeting held on October 18, 2007, the following items of business were approved.
1. Unaudited financial results for the second quarter ended September 30, 2007
2. Appointment of Mr. Madhava Menon Shankar Narayanan as an Additional Director of the Company with effect from October 18, 2007

The Company will declare its unaudited financial results for the quarter ended December 31, 2007 on 28th January 2008. Thereafter, the Company has organised a conference call on 28th January 2008 at 6.00 p.m. (IST) and the Company\'s management team led by Mr. Vijay Kantilal Sheth, Managing Director, will be available online through the conference call for an interactive session.

You are cordially invited to connect through the call by 5:50 p.m. and interact with the management of the Company.

You can just call any of the city centres listed below and give your details and the Company name i.e. GREAT OFFSHORE LIMITED and the moderator will connect you through the conference call. In case your city does not have a connection centre, you can dial the nearest city centre or the Mumbai centre numbers.
The Dial In numbers for the participants will be as follows

Should you require any further clarification / information regarding the conference call, you can call Tata Indicom at +91-22-67903333 or fax no. at +91-22-67904400 or reach us at shanthi_venkatesan@greatoffshore.com or om_pandey@greatoffshore.com

The Company will declare its unaudited financial results for the quarter ended September 30, 2007 on 18th October 2007. Thereafter, the Company has organised a conference call on 18th October 2007 at 5.00 p.m. (IST) and the Company\\\'s management team led by Mr. Vijay K. Sheth, Managing Director, will be available online through the conference call for an interactive session.

You are cordially invited to connect through the call by 4:50 p.m. and interact with the management of the Company.

You can just call any of the city centres listed below and give your details and the Company name i.e. GREAT OFFSHORE LIMITED and the moderator will connect you through the conference call. In case your city does not have a connection centre, you can dial the nearest city centre or the Mumbai centre numbers.
The Dial In numbers for the participants will be as follows

Should you require any further clarification / information regarding the conference call, you can call Tata Indicom at +91-22-67903333 or fax no. at +91-22-67904400 or reach us at shanthi_venkatesan@greatoffshore.com or om_pandey@greatoffshore.com

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