Garware Offshore Services

Garware Offshore Services Ltd has informed BSE that the Allotment Committee of the Board of Directors on September 19, 2007, has allotted 4,74,925 fully paid up Equity Shares of Rs 10/- each upon conversion of Warrants, allotted in the 2nd Preferential Allotment of the Company to the Promoters and Non-Promoters.

Consequent to the above allotment, all the Share Warrants allotted in the 2nd Preferential allotment of the Company are converted into Equity Shares.