Seamec Ltd

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.

SEAMEC has entered into a Bimco Charter Party with M/s. Lamprell Energy for Charter Hire of our Barge 'SEAMEC GLORIOUS' for working in Mumbai High & West Coast Offshore including Daman Oilfield for carrying out jobs related to offshore accommodation and hook-up work barge & Support for Project of Oil and Natural Gas Corporation (ONGC). The firm period of Charter is for 180 days with option for extension. The charter to commence within the window period of 15 October 2026 to 31 October 2026. The total value of the contract is USD 5.21 million, inclusive of GST.

SEAMEC announced that its vessel 'SEAMEC AGASTYA' following its technical redressal has returned to field and been on hired with effect from 23 June 2026 at 00:30 hrs.

Rajdarshan Industries Ltd, Neogen Chemicals Ltd, Bang Overseas Ltd and Team India Guaranty Ltd are among the other losers in the BSE's 'B' group today, 17 June 2026.SEAMEC Ltd crashed 15.49% to Rs 1332.75 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 16122 shares were traded on the counter so far as against the average daily volumes of 10542 shares in the past one month.Rajdarshan Industries Ltd tumbled 9.93% to Rs 38. The stock was the second biggest loser in 'B' group.On the BSE, 293 shares were traded on the counter so far as against the average daily volumes of 107 shares in the past one month.Neogen Chemicals Ltd lost 7.68% to Rs 1921.05. The stock was the third biggest loser in 'B' group.On the BSE, 9352 shares were traded on the counter so far as against the average daily volumes of 21233 shares in the past one month.Bang Overseas Ltd fell 6.98% to Rs 29.3. The stock was the fourth biggest loser in 'B' group.On the BSE, 30656 shares were traded on the counter so far as against the average daily volumes of 3289 shares in the past one month.Team India Guaranty Ltd slipped 6.55% to Rs 235.4. The stock was the fifth biggest loser in 'B' group.On the BSE, 1053 shares were traded on the counter so far as against the average daily volumes of 1043 shares in the past one month.Powered by Capital Market - Live