SEAMEC's Samudra Prabha Off-Hired on May 12, 2026, Due to Operational Reasons

SEAMEC Limited has issued a fresh disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the stock exchanges that its vessel Samudra Prabha has been off-hired due to operational reasons. This development follows the earlier Hand Over and Take Over (HOTO) of the same vessel, which had been completed on May 8, 2026, at 17:30 hrs.

Off-Hiring of Samudra Prabha

In its latest communication addressed to both BSE Limited and the National Stock Exchange of India Limited, SEAMEC stated that Samudra Prabha has been off-hired with effect from May 12, 2026, at 17:30 hrs, citing operational reasons. The information was received by the company on May 13, 2026, at 08:49 hrs, and the disclosure was filed the same day. The key details of the off-hiring are summarised below:

Parameter:	Details
Vessel Name:	Samudra Prabha
Event:	Off-Hiring of Vessel
Effective Date & Time:	May 12, 2026 at 17:30 hrs
Date & Time of Information Receipt:	May 13, 2026 at 08:49 hrs
Reason:	Operational Reasons
Prior Intimation Letter Date:	May 08, 2026
Regulatory Disclosure:	Regulation 30, SEBI (LODR) Regulations, 2015

Background and Context

The off-hiring follows SEAMEC's earlier intimation dated May 8, 2026, which had informed the exchanges of the HOTO completion of Samudra Prabha. The vessel had been formally received by SEAMEC on May 8, 2026, at 17:30 hrs, enabling the company to deploy it under its awarded contract. The latest disclosure, signed by S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary, updates the deployment status of the vessel in line with regulatory requirements.

SEAMEC Limited is a member of the MMG (MTI Agrovet Group) and holds certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. The company is also a contractor member of the IMCA (International Marine Contractors Association) and is registered under CIN L63032MH1986PLC154910, with its registered office located in Mumbai.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.01%	-2.59%	+0.20%	+74.96%	+78.63%	+284.74%

Seamec has entered into a charter party agreement with M/s. Lamprell Energy Limited, Dubai, for the deployment of its vessel Seamec Princess. The charter is valued at approximately USD 2.12 million (exclusive of GST) and covers a firm period of 15 days, with an option for extension on mutually agreed terms. The vessel will be deployed for offshore activities on behalf of Oil and Natural Gas Corporation at the West Coast Oilfield of India, including the Daman Field. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the intimation received on May 12, 2026 at 11:20 hours.

Charter Agreement Details

The key parameters of the charter party agreement are outlined below:

Parameter:	Details
Vessel Name:	Seamec Princess
Charter Party With:	M/s. Lamprell Energy Limited, Dubai
Charter Value:	Approximately USD 2.12 million (exclusive of GST)
Duration:	15 days (firm period)
Extension Option:	Yes, on mutually agreed terms
Scope of Work:	Offshore activities
End Client:	Oil and Natural Gas Corporation
Work Location:	West Coast Oilfield of India, including Daman Field
Related Party Transaction:	No
Promoter/Group Company Relationship:	No

Offshore Deployment for ONGC

The charter engagement involves offshore operations for Oil and Natural Gas Corporation at its West Coast Oilfield, including the Daman Field. The agreement includes an option to extend the charter beyond the initial 15-day firm period on mutually agreed terms, providing operational flexibility for the ongoing offshore requirements at the designated location. Lamprell Energy Limited is not related to the promoter, promoter group, or group companies of Seamec, and the transaction does not constitute a related party transaction.

Source: Company/INE497B01018/432b60e9-ce44-47f0-b9d5-ec2cad5c2e4a.pdf