Seamec Limited has officially executed a contract with Oil and Natural Gas Corporation Limited (ONGC) for operation and maintenance services of MSV (Multi Support Vessel) Samudra Sevak. The contract execution was formally disclosed to stock exchanges under regulatory compliance requirements.

Contract Execution Details

The consortium of Seamec Limited and Supreme Hydro Private Limited has completed the contract execution process with ONGC for hiring of Operation & Maintenance services for the ONGC-owned MSV Samudra Sevak. The company informed stock exchanges about the contract execution, confirming that all terms and conditions remain unchanged from the original notification of award.

Regulatory Compliance

Seamec disclosed the contract execution under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was received by the company and communicated to BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stakeholders and regulatory authorities.

Strategic Partnership Impact

This contract execution represents the culmination of Seamec's strategic partnership with Supreme Hydro for delivering comprehensive vessel operation and maintenance services. The three-year engagement provides operational stability and reinforces Seamec's position in the offshore marine services sector, particularly in supporting India's oil and gas exploration activities.

The successful contract execution demonstrates Seamec's capability to secure and formalize significant contracts with major public sector enterprises, strengthening its relationship with ONGC and expanding its operational portfolio in specialized marine vessel services.

SEAMEC Limited has officially notified stock exchanges about its vessel SEAMEC SWORDFISH going off-hire due to technical reasons. The company filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vessel Operations Suspended

The SEAMEC SWORDFISH has been under downtime with effect from April 23, 2026 at 18:56 hrs due to technical reasons. The company has assured that the technical issue is being addressed on priority and will inform about rectification and resumption in due course.

Regulatory Compliance and Communication

SEAMEC Limited received the information on April 24, 2026 at 11:10 hours and promptly communicated the update to both BSE Limited (Scrip Code: 526807) and National Stock Exchange of India Limited (Trading Symbol: SEAMECLTD). The notification was digitally signed by S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary, on April 24, 2026 at 11:32:28 +05'30'.

Company Profile and Industry Standing

SEAMEC Limited operates as a member of the MMG MTI ADMIRAL GROUP with its registered office located at A-901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Andheri (East), Mumbai 400 093. The company maintains multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, demonstrating its commitment to quality, environmental, and occupational health and safety management systems. Additionally, SEAMEC Limited holds contractor membership with the International Marine Contractors Association (IMCA), reflecting its standing in the marine contracting industry.