SEAMEC Limited has announced a new vessel charter contract with Supreme Offshore Construction & Technical Services Limited, marking another significant engagement in offshore operations. The agreement involves the charter of SEAMEC's vessel 'SEAMEC PRINCESS' for specialized diving operations in ONGC oilfields along India's west coast.

Contract Details and Scope

The charter arrangement encompasses comprehensive diving services including SAT (Saturation) diving and air diving operations for ONGC contract work. The vessel charter commenced operations on February 14, 2026, at 21:30 hours, demonstrating the immediate operational deployment of SEAMEC's maritime assets.

Regulatory Compliance and Disclosure

SEAMEC Limited filed the mandatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on February 16, 2026. The company confirmed that this arrangement represents normal course of business operations with no related party transaction implications.

The disclosure documentation reveals that Supreme Offshore Construction & Technical Services Limited has no shareholding connections with SEAMEC's promoter groups or associated companies. This ensures the transaction maintains arm's length commercial terms without any conflict of interest considerations.

Business Classification and Strategic Positioning

The contract falls under SEAMEC's core business operations as a domestic arrangement with an established Indian offshore services provider. The company's vessel 'SEAMEC PRINCESS' continues to demonstrate operational capability in specialized offshore diving services, reinforcing SEAMEC's position in the Indian offshore energy sector.

The charter agreement represents SEAMEC's ongoing commitment to supporting India's offshore energy infrastructure through specialized vessel services and technical expertise in challenging offshore environments.

Source:

SEAMEC Limited has delivered exceptional Q3FY26 financial performance, reporting a consolidated net profit of ₹996 crores compared to a loss of ₹33 crores in the corresponding quarter of the previous year. The company's revenue surged to ₹3,200 crores from ₹1,500 crores year-on-year, demonstrating robust operational execution across all business segments.

Outstanding Q3FY26 Financial Performance

The company's consolidated results showcase remarkable improvement across all key financial metrics. EBITDA reached ₹1,360 crores compared to ₹443 crores in the previous year, while EBITDA margin expanded significantly to 42.84% from 29.64% year-on-year.

Earnings Call Audio Recording Now Available

Following the financial results announcement, SEAMEC Limited has made the audio recording of its earnings call available online. The earnings call, held on February 2, 2026, discussed the financial results for the quarter and nine months period ended December 31, 2025, with analysts and institutional investors.

Regulatory Compliance and Publication

The company published its financial results in "Financial Express" (English) and "Navshakti" (Marathi) newspapers on February 1, 2026, both Mumbai editions, in compliance with Regulation 30 and Regulation 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This publication follows the Board of Directors meeting held on January 30, 2026, which approved the unaudited standalone and consolidated financial results.

Corporate Governance and Transparency

The availability of the earnings call recording demonstrates SEAMEC's commitment to transparency and stakeholder engagement. The audio recording provides detailed insights into the company's Q3FY26 performance and management commentary on business operations. The company continues to trade under scrip code 526807 on BSE and trading symbol SEAMECLTD on NSE, with complete financial details available on stock exchange websites and the company's official website.