Seamec Ltd

Seamec Limited – Trading Window closed from 1 October 2026 upto 48 hours after the declaration and dissemination of the Un-Audited Standalone and Consolidated Financial Results for the Quarter and Six Months period ended September 30, 2026

Agreement details

• Parties: Seamec Limited and M/s. G R Infraprojects Limited.
• Purpose: Charter hire of vessel SEAMEC II for PRP-8A and DSF-2 ONGC projects.
• Tenure and value: 180-day charter with extension option; USD 19.02 million excluding GST; commence window Oct 15–31, 2026.
• Impact: Potential revenue contribution from ONGC projects using SEAMEC II.
• Related party status: Not related; not a related party transaction.
• Other disclosures: Regulatory approvals not specified; no conflicts disclosed.
• Termination/amendment: Not specified in filing.

AGM details

• Date and time: 25 September 2026 at 4:00 PM.
• Mode: Video Conferencing / OAVM.
• Record date for voting: 18 September 2026; shareholders on record: 19,283.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of financial statements; passed with 98.09% in favor.
• Resolution 2 (Ordinary): Dividend of Rs 2 per share; passed 100% in favor.
• Resolution 3 (Ordinary): Re-appointment of Sanjeev Agrawal by rotation; passed 97.58%.
• Resolution 4 (Ordinary): Enhance cap for HAL Offshore Limited transactions; passed 76.58%.
• Resolution 5 (Special): Re-appoint Naveen Mohta as WTD for five years; remuneration fixed; passed 100%.
• Resolution 6 (Ordinary): Appointment of Dr. Raiesh K. Yaduvanshi as NED; five-year term; passed 100%.
• Resolution 7 (Ordinary): Remuneration to Non-Executive Independent Directors; passed 92.62%.

Director changes

• Sanjeev Agrawal re-appointed by rotation.
• Naveen Mohta re-appointed as Whole-time Director for five years.
• Dr. Raiesh K. Yaduvanshi appointed Non-Executive Independent Director.
• Remuneration for Non-Executive Independent Directors approved.

Material related party transactions

• HAL Offshore Limited transactions: charter hire and related activities; cap enhanced.

AGM Details

• AGM held on 25 September 2026 via videoconferencing, 04:00–05:05 IST.
• Quorum fulfilled; meeting conducted via VC with no proxies required.

Ordinary resolutions

• Resolution 1a: Standalone financial statements approved.
• Resolution 1b: Consolidated financial statements approved.
• Resolution 2: Final dividend of Rs 2 per share approved.
• Resolution 3: Sanjeev Agrawal re-appointed as Director.

Special resolutions

• Resolution 4: Cap enhancement for HAL Offshore transactions.
• Resolution 5: Naveen Mohta re-appointed as Whole Time Director for five years.
• Resolution 6: Dr. Rajesh Kumar Yaduvanshi appointed Non-Executive Independent Director for five years.
• Resolution 7: Remuneration to Non-Executive Independent Directors up to 0.5% of net profits.

Material related-party transactions

• HAL Offshore Limited charter hire and related services; cap increased till 2030; value undisclosed.

Directors / appointments

• Rajesh Kumar Yaduvanshi appointed Non-Executive Independent Director for five years.
• Naveen Mohta re-appointed as Whole Time Director for five years.
• Sanjeev Agrawal re-appointed by rotation.

Auditors

• Statutory auditors' reports for FY2025-26 had no qualifications.

Rating action details

• CRISIL revised long-term rating to A+/Stable, removed from Watch with Developing Implications; rating reaffirmed.
• Short-term rating revised to A1; removed from Watch with Developing Implications; rating reaffirmed.
• Total bank facilities rated: Rs 863 crore.
• Outlook: Stable for the long-term rating.
• No explicit rationale disclosed; action removes Watch status and reaffirms ratings.

Deployment update

• Vessel SEAMEC AGASTYA returned to field after technical redressal and is on hire.
• Hire effective from 19 September 2026 at 01:30 hrs.
• Date/time of information receipt: 19 September 2026, 09:34 hours.
• No governance changes disclosed.

Meeting Details

• Group virtual meeting at Arihant Capital Bharat Connect Rising Stars conference on Sept 30, 2026, 2:00–3:00 pm IST.

Participants

• President – Corporate Affairs, Legal and Company Secretary.

Purpose

• Discussions will be based on publicly available information.

Meeting Details

• Date/Time: 23 September 2026, 8:00 AM–5:00 PM; Non-Deal Roadshow organized by Motilal Oswal Financial Services.
• Type: One-on-One/Group Meetings; Location: Mumbai.

Participants

• Key participants: Company management.

Purpose

• Purpose: Non-Deal Roadshow for investor interaction.

Sale details

• Sale of Bulk Carrier SEAMEC GALLANT, owned by SEAMEC International FZE, completed on 17 Sep 2026.

Deployment status

• Vessel Samudra Sevak, managed by SEAMEC, resumes ONGC contract effective 16 September 2026 at 10:20 hrs.
• Regulatory compliances completed prior to resumption; information receipt recorded on 16 September 2026 at 11:49 hrs.