SEAMEC Limited has off-hired its vessel SEAMEC SWORDFISH effective July 30, 2026, at 14:30 hrs (KSA) to conduct planned maintenance. The disclosure, made on August 03, 2026, indicates a temporary reduction in available offshore support capacity as the company prioritizes asset upkeep. This scheduled downtime is part of standard operational cycles for marine vessels but may impact short-term utilization rates for this specific asset.

The company notified the stock exchanges via a submission under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was received by the exchanges on August 03, 2026, at 12:19 hours. S.N. Mohanty, President - Corporate Affairs, Legal and Company Secretary, signed the communication on behalf of the company.

Operational Details

The off-hiring of the SEAMEC SWORDFISH is strictly for planned maintenance purposes. The company did not disclose the expected duration of the maintenance period or the specific date for resumption of operations. Investors should note that the return of the vessel to active service will be communicated separately when the maintenance is complete.

Regulatory Compliance

SEAMEC Limited adhered to mandatory disclosure norms by informing the BSE Limited and National Stock Exchange of India Limited promptly. The company’s scrip code on BSE is 526807, and its trading symbol on NSE is SEAMECLTD. The filing ensures transparency regarding changes in the operational status of key assets, allowing market participants to account for potential fluctuations in fleet availability.

SEAMEC Limited entered into a diving agreement with HAL Offshore Limited on July 23, 2026, to provide diving subsea services on the ONGC vessel Samudra Prabha. The total contract value is approximately USD 9.42 million exclusive of GST. This agreement allows SEAMEC to secure necessary services for the vessel it manages, reinforcing its operational capabilities in the offshore sector.

The transaction is classified as a related party transaction and was conducted at arm's length in the normal course of business. HAL Offshore Limited holds 70.77% of the shareholding in SEAMEC Limited and is identified as the promoter of the company. The agreement was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Agreement

The agreement outlines the commercial terms between SEAMEC and its promoter group entity. The following table summarizes the key particulars of the transaction:

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on July 23, 2026. The filing confirms that there are no special rights, such as the right to appoint directors or restrictions on capital structure, attached to this agreement. The event occurred at 13:53 hours on the same day.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE497B01018/44616f42-cab9-4e09-add1-c5f6a0130154.pdf