SEAMEC vessel SAMUDRA SEVAK off hire due to technical issue

0 min read Updated on 18 Jul 2026, 04:24 PM

Reviewed by

Suketu GScanX News Team

AI Summary

SEAMEC Limited reported that its vessel 'SAMUDRA SEVAK' is off hire from July 18, 2026, due to a technical issue requiring emergency docking. The disclosure was made to the exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015.

*this image is generated using AI for illustrative purposes only.

seamec has reported that its vessel 'SAMUDRA SEVAK' is off hire effective July 18, 2026, due to a technical issue. The vessel, managed by the company, developed a problem requiring emergency docking. Consequently, it was considered off hire starting at 14:30 on July 18, 2026. This development impacts the deployment status of the vessel within the company's operations.

The disclosure was submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was received by the company on July 18, 2026, at 15:50 hours. S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary, signed the filing on behalf of SEAMEC Limited.

Key Details of the Disclosure

Detail	Information
Vessel Name	SAMUDRA SEVAK
Status	Off Hire
Reason	Technical issue requiring emergency docking
Effective Date & Time	July 18, 2026 at 14:30
Regulation	Regulation 30 of SEBI (LODR) Regulations, 2015

Historical Stock Returns for Seamec

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.12%	-5.69%	-0.55%	+24.47%	+55.80%	+191.27%

What is the estimated duration of the emergency docking and when is the vessel expected to return to service?

How will the off-hire status of 'SAMUDRA SEVAK' impact SEAMEC's revenue and earnings for the current fiscal quarter?

Does the company have insurance coverage to mitigate the financial losses incurred during the vessel's downtime?

Read Next Article

SEAMEC Ltd seeks postal ballot approval to sell vessel for USD 9.5 million

1 min read Updated on 18 Jul 2026, 12:54 AM

Reviewed by

Shriram SScanX News Team

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SEAMEC Limited has initiated a postal ballot process to seek shareholder approval for the sale of the vessel SEAMEC GALLANT, owned by its wholly owned subsidiary SEAMEC International FZE, to Bo Yuan Han Limited for USD 9.5 million. The transaction requires a Special Resolution as the asset exceeds 20% of the material subsidiary's total assets. The remote e-voting period is open from July 17, 2026, to August 15, 2026, with results expected on or before August 18, 2026.

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SEAMEC Limited has initiated a postal ballot process to seek shareholder approval for the sale of the vessel SEAMEC GALLANT, owned by its wholly owned subsidiary SEAMEC International FZE. The transaction, valued at a gross consideration of USD 9.5 million, targets the buyer Bo Yuan Han Limited. The sale is necessary as the asset exceeds 20% of the material subsidiary's total assets, requiring a Special Resolution under Regulation 24(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the proposal during a meeting held on July 14, 2026. M/s. Satyajit Mishra & Co. has been appointed as the scrutinizer to oversee the e-voting process. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting facility, ensuring a transparent mechanism for shareholder participation.

Key Transaction Details

Particulars	Details
Buyer	Bo Yuan Han Limited, Hong Kong
Asset Sold	SEAMEC GALLANT
Selling Entity	SEAMEC International FZE
Gross Consideration	USD 9.5 million
Approval Required	Special Resolution via Postal Ballot

E-Voting Schedule

Shareholders registered on the books of the company as of the cut-off date, Friday, July 10, 2026, are eligible to participate. The remote e-voting period commences on Friday, July 17, 2026, at 09:00 hours IST and concludes on Saturday, August 15, 2026, at 17:00 hours IST. Votes must be cast within this window to be considered valid.

The results of the postal ballot will be declared on or before Tuesday, August 18, 2026. The scrutinizer's report will be displayed at the company's registered office, communicated to the stock exchanges, and uploaded to the company's website. The resolutions will be deemed to be passed on the last date of e-voting, August 15, 2026, if approved by the requisite majority.

Historical Stock Returns for Seamec