Seamec Limited , a prominent player in the offshore services sector, has announced a modification to the delivery schedule of its MV Goodman vessel. The company has signed an addendum with its promoter, HAL Offshore Limited, to adjust the delivery timeline.

Key Details of the Revised Schedule

• New Delivery Window: November 1-7, 2025
• Previous Delivery Window: October 16-31, 2025
• Charter Terms: Remain unchanged despite the delivery adjustment

Implications and Company Statement

Seamec cited "unavoidable circumstances" as the reason for this shift in the delivery timeline. The company emphasized that despite the change in delivery date, other crucial aspects of the agreement remain constant:

• The charter period of 45 days stays intact
• The total value during the firm period remains unaltered

Corporate Governance and Disclosure

In compliance with regulatory requirements, Seamec has made the following disclosures:

• The addendum was executed on October 31, 2025
• The company has informed the stock exchanges as per SEBI regulations
• Detailed information has been provided in the prescribed annexure

Related Party Transaction

It's worth noting that this transaction falls under the category of a related party transaction, as HAL Offshore Limited is the promoter of Seamec Limited. The company has confirmed that the transaction is being conducted on an arm's length basis.

Market Impact

While the delivery date adjustment is a notable development, the unchanged charter terms suggest that the financial impact of this revision may be limited. Investors and market watchers will likely keep a close eye on how this change might affect Seamec's operational timeline and any potential ripple effects on its broader business operations.

Seamec's proactive disclosure and adherence to regulatory norms in communicating this change demonstrate the company's commitment to transparency in its dealings with HAL Offshore Limited and its shareholders at large.

Seamec Limited , a prominent player in the offshore services sector, has received overwhelming shareholder approval for expanding its transaction limits with its holding company, HAL Offshore Limited. This development marks a significant step in strengthening the company's operational capabilities and financial flexibility.

Shareholder Approval Details

The company conducted a postal ballot through remote e-voting, which concluded on October 30, 2025. The results revealed strong support for the proposed enhancement:

Key Points of the Resolution

• Nature of Resolution: Ordinary Resolution
• Purpose: Enhancement of monetary cap for transactions pertaining to Charter Hire of Vessels, diving and allied activities with HAL Offshore Limited
• Duration: 5 years, until the Annual General Meeting to be held in 2030
• Scope: Includes charter hire of the Company's vessels, provision of diving and related services

Voting Process and Scrutiny

• The e-voting period ran from October 1, 2025, to October 30, 2025
• M/s. Satyajit Mishra & Co., Practicing Company Secretaries, acted as the scrutinizer
• The voting process was conducted in compliance with the Companies Act, 2013, and SEBI regulations

Implications for SEAMEC Limited

This approval allows Seamec Limited to engage in more extensive business transactions with HAL Offshore Limited. The enhanced monetary limits are expected to facilitate smoother operations and potentially lead to increased business opportunities within the group.

Corporate Governance Highlight

It's worth noting that as per Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, related parties did not participate in the voting process, ensuring the integrity of the shareholder decision.

The strong shareholder support, with 99.14% votes in favor, indicates confidence in the management's strategic direction and the potential benefits of these enhanced transaction limits. As Seamec Limited moves forward with this expanded operational scope, stakeholders will be keen to observe how this translates into business growth and financial performance in the coming years.