Seamec Ltd

SEAMEC announced that the company's vessel 'SEAMEC AGASTYA' has been taken out of field temporarily for technical reason with effect from 9 April 2026 at 08:30 hrs.

The contract has been awarded to a consortium of Seamec and Supreme Hydro Pvt Ltd for hiring O&M services of ONGC-owned multi-support vessel (MSV) 'Samudra Prabha' for the period 2026'2028. The order, awarded by a domestic entity in the normal course of business, is valued at around Rs 329.92 crore, inclusive of GST, the company said in an exchange filing. The contract tenure is 698 days and is scheduled to commence within 60 days from the date of the NOA. Seamec clarified that neither its promoter nor promoter group has any interest in ONGC, and the transaction does not fall under related party transactions. SEAMEC provides offshore support services and undertakes operations through diving support vessels (DSVs) owned and operated by the company. Its subsidiary companies also own and operate bulk carriers. The company reported a consolidated net profit of Rs 99.62 crore in Q3 FY26, compared with a net loss of Rs 3.32 crore in Q3 FY25. Revenue from operations surged 112.30% year-on-year to Rs 317.05 crore in Q3 FY26. The scrip rose 0.51% to Rs 1,429 on the BSE. Maharatna Oil and Natural Gas Corporation is India's largest crude oil and natural gas company, contributing about 71% to the country's domestic production. The Government of India held a 58.89% stake in the company as of December 2025. ONGC reported a 1.60% rise in standalone net profit to Rs 8,371.85 crore in Q3 FY26, compared with Rs 8,239.92 crore in Q3 FY25. However, revenue from operations declined 6.43% year-on-year to Rs 31,546.51 crore in the quarter ended 31 December 2025. The stock added 2.21% to Rs 275.90 on the BSE. Powered by Capital Market - Live

The contract involves operation and maintenance (O&M) services for ONGC-owned multi-support vessel Samudra Sevak for the 2026'2028 period, the company said in a regulatory filing. The tenure of the contract is 738 days and will commence within 60 days from the date of the notification of award. The total contract value is estimated at around Rs 410.74 crore. SEAMEC said the order has been awarded by a domestic entity and falls within the normal course of business. The company added that neither the promoter nor promoter group entities have any interest in the awarding entity, and the contract does not fall under related party transactions. SEAMEC provides offshore support services and undertakes operations through diving support vessels (DSVs) owned and operated by the company. Its subsidiary companies also own and operate bulk carriers. The company reported a consolidated net profit of Rs 99.62 crore in Q3 FY26, compared with a net loss of Rs 3.32 crore in Q3 FY25. Revenue from operations surged 112.30% year-on-year to Rs 317.05 crore in Q3 FY26. Maharatna Oil and Natural Gas Corporation is India's largest crude oil and natural gas company, contributing about 71% to the country's domestic production. The Government of India held a 58.89% stake in the company as of December 2025. ONGC reported a 1.60% rise in standalone net profit to Rs 8,371.85 crore in Q3 FY26, compared with Rs 8,239.92 crore in Q3 FY25. However, revenue from operations declined 6.43% year-on-year to Rs 31,546.51 crore in the quarter ended 31 December 2025. The stock fell 1.45% to Rs 261.90 on the BSE. Powered by Capital Market - Live

The contract involves hiring of operation and maintenance (O&M) services for ONGC-owned multi-support vessel Samudra Sevak for the period 2026'2028, the company said in a regulatory filing. The tenure of the contract is 738 days and will commence within 60 days from the date of the notification of award. The total contract value is estimated at around Rs 410.74 crore. Seamec said the order has been awarded by a domestic entity and falls within the normal course of business. The company also clarified that neither the promoter nor promoter group entities have any interest in the awarding entity and the contract does not fall under related party transactions. Seamec provides offshore support services. It undertakes support services through Diving Support Vessels (DSVs). These vessels are owned and operated by Seamec. The company's subsidiary companies own and operates bulk carriers. The company reported consolidated net profit of Rs 99.62 crore in Q3 FY26 as against net loss of Rs 3.32 crore in Q3 FY25. Revenue from operations jumped 112.30% year on year to Rs 317.05 in Q3 FY26. The scrip shed 0.46% to end at Rs 1,329.15 on the BSE. Maharatna ONGC is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held a 58.89% stake in ONGC as of December 2025. The company reported 1.60% increase in standalone net profit to Rs 8,371.85 crore in Q3 FY26, compared with Rs 8,239.92 crore in Q3 FY25. However, revenue from operations declined 6.43% YoY to Rs 31,546.51 crore in the quarter ended 31 December 2025. The scrip fell 2.40% to end at Rs 264.05 on the BSE. Powered by Capital Market - Live

SEAMEC announced that the Vessel 'SEAMEC DIAMOND' is off hired from the contract of ONGC with effect from 18th February 2026 at 01:30 hrs as she has to undertake statutory drydocking. On completion of the drydocking she will resume the contract and same will be intimated. Powered by Capital Market - Live

SEAMEC announced that the company's vessel 'SEAMEC PRINCESS' is chartered hire to Supreme Offshore Construction & Technical Services for working in ONGC Oilfield, West Coast of India for carrying out jobs related to SAT Diving and AIR Diving for contract of ONGC. The total value of the contract is approximately USD 460,000 exclusive of GST. Powered by Capital Market - Live

SEAMEC announced that the contract period for charter hire of the Vessel SEAMEC II is further extended until 25 August 2026, as notified by ONGC.Powered by Capital Market - Live

Net profit of SEAMEC reported to Rs 99.62 crore in the quarter ended December 2025 as against net loss of Rs 3.32 crore during the previous quarter ended December 2024. Sales rose 112.30% to Rs 317.05 crore in the quarter ended December 2025 as against Rs 149.34 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales317.05149.34 112 OPM %42.8429.64 - PBDT143.7230.89 365 PBT107.90-2.62 LP NP99.62-3.32 LP Powered by Capital Market - Live

SEAMEC will hold a meeting of the Board of Directors of the Company on 30 January 2026.Powered by Capital Market - Live

SEAMEC announced that its vessel 'SEAMEC AGASTYA' following its technical redressal has returned to field and been on hire with effect from 16 January 2026 at 22:00 hrs.Powered by Capital Market - Live