THE COMPANY IS A PUBLIC LIMITED COMPANY WITH OVER 15,000 SHAREHOLDERS AND IS LISTED ON THE BOMBAY STOCK EXCHANGE AND THE NATIONAL STOCK EXCHANGE.

THE COMPANY PRESENTLY OWNS AND OPERATES A FLEET OF SIX ANCHOR HANDLING TUGS CUM SUPPLY VESSELS ( AHTSV'S) AND FOUR PLATFORM SUPPLY VESSELS(PSV'S).THE COMPANY'S VESSELS ARE WORKING IN VARIOUS MARKETS INCLUDING INDIA, EUROPE AND THE FAR EAST.

THE COMPANY HAS PLACED AN ORDER FOR ONE MORE LARGE PSV SCHEDULED FOR DELIVERY IN THE 3RD QUARTER OF F.Y.2011. THE COMPANY’S SINGAPORE SUBSIDIARY OPERATES TWO ASSETS ON A “BAREBOUT” BASIS. THESE ASSETS, A WORK BARGE AND A AHTSV, HAVE BEEN DELIVERED TO THE COMPANY IN AUGUST 2009.