Garware Marine Industries Ltd — Others, 16-05-2025: AGM/EGM

Garware Marine Industries Limited has announced a board meeting to approve an increase in the threshold for loans, guarantees, and investments under Section 186 of the Companies Act. The shareholders also approved a special resolution related to transactions under Section 185 and material related party transactions with Global Offshore Services Limited. All resolutions were passed with an overwhelming majority through remote and on-the-day e-voting. These approvals enhance the company’s financial flexibility and support ongoing business dealings with related parties, which are crucial for its operational and growth strategies.