Seamec Ltd

SEAMEC LIMITED informed the BSE and NSE that it will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration and dissemination of the un-audited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

SEAMEC LIMITED entered into a Bimco Charter Party with G R Infraprojects Limited for the charter hire of its vessel “SEAMEC II” to deploy in subsea installation work for the Pipeline Replacement Project (PRP-8 A) and DSF 2 Project of Oil and Natural Gas Corporation Limited (ONGC), with a tenure of 180 days and a total value of approximately USD 19.02 million exclusive of GST, commencing between October 15, 2026 and October 31, 2026.

SEAMEC Ltd has announced a revision of its credit ratings by CRISIL Ratings (CRISIL), removing both ratings from ‘Rating Watch with Developing Implications’ and reaffirming them. Specifically, the Long Term Rating has been revised to Crisil A+/ Stable, while the Short Term Rating remains Crisil A1; these ratings pertain to bank facilities totaling Rs. 863 Crore. CRISIL has reaffirmed the Long Term Rating of Crisil A+/ Stable and the Short Term Rating of Crisil A1, with both previously being under ‘Rating Watch with Developing Implications’. No other rating agencies are mentioned in the disclosure, and no assignments, withdrawals, or enhancements were noted beyond the removal from the watch status for both instruments.

Seamec Limited informed the BSE and National Stock Exchange that it entered into Addendum 1 and Addendum 2, dated August 31, 2026, to the Memorandum of Agreement dated July 21, 2026, for the purchase of vessel “Seamec Anant” from HAL Offshore Limited, amending Schedule I and revising the Notice of Readiness date to September 15, 2026, and the Cancelling Date to October 15, 2026; the transaction is a related party transaction and there is no impact.

SEAMEC LIMITED entered into a Consortium Agreement with SUPREME HYDRO ENGINEERING PVT LIMITED on August 14, 2026, to avail support on diving technical expertise for the ONGC Vessel “SAMUDRA PRABHA,” with a total contract value of approximately USD 1.39 million inclusive of GST.

SEAMEC LIMITED entered into a Consortium Agreement with SUPREME HYDRO ENGINEERING PVT LIMITED on August 14, 2026, to avail support on diving technical expertise for the ONGC vessel “SAMUDRA SEVAK,” with a total contract value of approximately USD 1.47 million inclusive of GST.

SEAMEC LIMITED has fixed August 21, 2026, as the record date for determining shareholders eligible for a final dividend of Rs 2 per equity share of Rs 10 each for fiscal year 2025-26, which will be paid within 30 days of the company’s Annual General Meeting, subject to shareholder approval.

SEAMEC Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and three months ended June 30, 2026, according to a regulatory filing. The trading window for the company's securities was closed from July 1, 2026, and will reopen 48 hours after the results are declared.

The company said the vessel is expected to be delivered on or around 31 August 2026. The transaction is a related-party transaction as HAL Offshore is Seamec's holding company. However, Seamec said the acquisition has been undertaken at arm's length and in the ordinary course of business. The purchase consideration for the vessel has been fixed at $70 million, as per the MoA dated July 21, 2026. The company clarified that there are no special rights, shareholding arrangements, board nomination rights, or other material terms associated with the agreement beyond the acquisition of the vessel. SEAMEC for providing support services including marine, construction and diving services to offshore oilfields and bulk carrier vessel for providing bulk carrier services. The Company caters in both domestic as well as International Market. The company's consolidated net profit jumped 141% to Rs 103.48 crore in Q1 FY27 as against Rs 42.93 crore in Q1 FY26. Revenue from operations rose 63.8% year on year to Rs 327.07 crore in Q1 FY27. The scrip rose 0.19% to Rs 1,370.50 on the BSE. Powered by Capital Market - Live

SEAMEC announced that its vessel 'SEAMEC PALADIN' after completion of its regulatory formalities has been on hired with effect from 15 July 2026 at 06:10 hrs to resume its long term charter with ONGC.