SEAMEC Limited Announces Successful Deployment of Vessel 'SAMUDRA SEVAK' on Hire

SEAMEC Limited has announced a significant operational milestone with the successful deployment of its vessel 'SAMUDRA SEVAK' on hire. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated March 30, 2026.

Vessel Deployment Details

The offshore marine services company confirmed that the vessel 'SAMUDRA SEVAK' has been successfully hired out to clients. This announcement follows the company's earlier communication dated March 13, 2026, which had provided an initial intimation regarding the vessel's deployment status.

Parameter:	Details
Vessel Name:	SAMUDRA SEVAK
Status:	On Hire
Information Receipt Date:	March 29, 2026
Information Receipt Time:	02:21 hours
Disclosure Date:	March 30, 2026

Regulatory Compliance

The disclosure was made in compliance with SEBI's listing regulations, demonstrating the company's commitment to maintaining transparency with stakeholders. The announcement was addressed to both BSE Limited and the National Stock Exchange of India Limited, ensuring comprehensive market communication.

Corporate Communication

The regulatory filing was signed by S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary, and submitted to the stock exchanges for record purposes. The company has requested the exchanges to take note of this operational development.

Company Profile

SEAMEC Limited operates as a member of the MM Agrawal Group (MMG) and maintains its registered office in Mumbai. The company holds multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, and is a contractor member of the International Marine Contractors Association (IMCA).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.67%	+5.21%	+13.61%	+63.73%	+52.20%	+234.61%

SEAMEC Limited has secured a major contract from Oil and Natural Gas Corporation Limited (ONGC) for Operation & Maintenance (O&M) services worth Rs 329,92,34,688 inclusive of GST. The notification of award was issued on March 13, 2026, marking a significant business development for the marine services company.

Contract Details

The contract involves hiring O&M services for ONGC's MSV "Samudra Prabha" for the period 2026-2028. SEAMEC Limited has partnered with Supreme Hydro Pvt Ltd in a consortium arrangement to execute this project.

Parameter:	Details
Contract Value:	Rs 329,92,34,688 (inclusive of GST)
Duration:	698 days
Commencement:	Within 60 days from NOA date
Service Period:	2026-2028
Vessel:	MSV "Samudra Prabha"
Partner:	Supreme Hydro Pvt Ltd

Award Specifications

The notification of award (NOA) No. CPD-CLPG/MUM/2637683/ZW5CC26001/Samudra Prabha/9010041914 was issued against e-tender no. ZW5CC26001. The contract represents normal course of business operations for SEAMEC Limited as a domestic entity.

Regulatory Compliance

SEAMEC Limited disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that:

The contract does not involve any related party transactions
No promoter, promoter group, or group companies have any interest in ONGC
The award falls within the company's regular business operations
Information was received on March 26, 2026 at 17:12 hours

Business Impact

This substantial contract award strengthens SEAMEC Limited's position in the offshore services sector. The company operates as part of the MM Agrawal Group and maintains various international certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The contract execution will span nearly two years, providing sustained revenue visibility for the marine services provider.