GOL Offshore Ltd. has informed that the tenure of Shri. Prakash Chandra Kapoor and Shri. Vijay Kumar as Executive Directors of the company had ended on April 30, 2015.

However they continue to be the non-executive directors of the company. Further note that the Board of Directors has appointed Shri. Prakash Chandra Kapoor as Chief Executive Officer (CEO) & Key Managerial Personnel of the company with effect from October 30, 2015.

Consequent upon his appointment as CEO Shri. Prakash Chandra Kapoor becames a Whole Time Director of the company, subject to the approval of shareholders at the next Annual General Meeting. The Board of Directors has also appointed Shri.

Vijay Kumar as the Vice-Chairman of the Board. Shri. Prakash Chandra Kapoor continues to be the Chairman of the Board.