This is further to the Corporate Announcement made by the Company on September 30, 2026, informing the Stock Exchange that the Company had, through its advocates, issued a Notice under the Insolvency and Bankruptcy Code 2016, to Afcons Infrastructure Limited, for an amount of Rs.3,04,59,761.44 plus interest totalling to Rs. 3,16,20,074.44. As an update, we wish to inform the Stock Exchange that the Company has arrived at a settlement with Afcons ....

GARWARE OFFSHORE SERVICES LIMITED (Formerly known as Global Offshore Services Limited) Regd. Office : A/304, Naman Midtown, Senapati Bapat Road, Prabhadevi (West), Mumbai - 400013 Tel. 022 4565 5555 CIN No.: L61100MH1976PLC019229 Ref.: GOSL/2026/114 October 27, 2026 BSE Limited Scrip Code : 501848 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001. Dear Sirs, Sub. : Update on Corporate Announcement made on September 30, 2026 regarding Afcons Infrastructure Limited. This is further to the Corporate Announcement made by the Company on September 30, 2026, informing the Stock Exchange that the Company had, through its advocates, issued a Notice under the Insolvency and Bankruptcy Code, 2016, to Afcons Infrastructure Limited, for an amount of Rs.3,04,59,761.44 plus interest totalling to Rs.3,16,20,074.44. As an update, we wish to inform the Stock Exchange that the Company has arrived at a settlement with Afcons Infrastructure Limited for an aggregate amount of Rs.2,92,86,221.56 (Net of Tax) towards full and final settlement of dues. Thanking you, Yours faithfully, for GARW, OFFSHORE SERVICES LIMITED A.C. CHANDARANA COMPANY SECRETARY & PRESIDENT - LEGAL & ADMIN. EE E-mail: info@garwareoffshore.in Website: www.garwareoffshore.in