SEAMEC Limited has secured a vessel charter agreement through Addendum 02 to its existing subcontract with Posh India Offshore Private Limited. The agreement, executed on April 01, 2026, establishes terms for the charter hire of the company's vessel SEAMEC PRINCESS for specialized offshore operations.

Charter Agreement Details

The vessel charter arrangement involves deployment for installation of concrete mattresses in two major Oil and Natural Gas Corporation Limited (ONGC) projects. The charter hire rate has been set at USD 37,000 per day, exclusive of GST, representing a significant daily revenue stream for the company.

Project Scope and Operations

The vessel will be utilized for concrete mattress installation operations across two critical ONGC infrastructure projects. These include the Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP), both representing significant offshore development initiatives.

The agreement falls under the company's ordinary course of business operations, with no related party transaction implications. SEAMEC has confirmed that Posh India Offshore Private Limited maintains no relationship with the company's promoter or promoter group entities.

Regulatory Compliance

The disclosure was made pursuant to Clause 5 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details in prescribed annexures, ensuring full regulatory compliance.

Corporate Structure

SEAMEC Limited operates as a member of the MMG Maharishi Group, maintaining its registered office in Mumbai. The company holds multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, demonstrating its commitment to quality, environmental, and safety management systems.

The agreement represents a continuation of SEAMEC's involvement in offshore marine contracting services, particularly in support of India's oil and gas infrastructure development initiatives. The company's vessel SEAMEC PRINCESS will play a crucial role in these strategic ONGC projects.

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.

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).