Global Offshore Services has informed that at the meeting of the Board of Directors of the Company held today, 7th September, 2023, the Board approved the sanction letter received from Axis Bank for the settlement of an unsecured loan, for an amount of Rs 4.85 crores. The Board also approved the sanction of Axis Bank, for the release of a Corporate Guarantee issued to them by the Company on behalf of its subsidiary.
The above information is a part of company’s filings submitted to BSE.