Garware Offshore Files 2025-26 Annual Report

Garware Offshore Services Ltd has filed its Annual Report for the fiscal year 2025-26, as per SEBI regulations. The report includes the Notice for the Annual General Meeting scheduled for September 24, 2026. The company operates Offshore Support Vessels (OSVs) chartered to Oil Exploration and Production (E&P) companies. The report details the company's fleet of 3 OSVs (1 Platform Supply Vessel and 2 Anchor Handling Tug Cum Supply Vessels). It also provides an industry analysis, highlighting a transition in the OSV market with tight supply and steady growth, a global market valued at approximately $30 billion in 2026, and a projected CAGR of 6.5% to 7.7%. India's OSV market is expected to reach USD 2.06 billion by 2034. The report touches upon the impact of recent global conflicts on the offshore industry.