Duke Offshore Ltd — Important, 27-07-2026: Company Update

Duke Offshore Limited has announced a significant board restructuring. The Board approved the appointment of six new directors, including Mr. Ashutosh Thakar as Executive Whole Time Director and five Additional Directors, three of whom are Independent, following a review by the Nomination and Remuneration Committee. All director appointments are subject to shareholder approval. Concurrently, the Managing Director, Mr. Avik George Duke, resigned as the company was acquired by Aspect Global Ventures, along with four other directors and the Chief Financial Officer. This major leadership overhaul, including the reconstitution of key board committees, signals a new strategic direction under the new ownership.