SEAMEC Limited has announced the completion of charter operations for its vessel SEAMEC Princess, marking the end of its engagement with Supreme Offshore Construction & Technical Services Limited. The disclosure was made to stock exchanges under regulatory compliance requirements.

Charter Completion Details

The vessel SEAMEC Princess was officially off-hired following the completion of its charter agreement. The company provided specific timing details for the operational conclusion.

Regulatory Compliance

SEAMEC Limited made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was communicated to both BSE Limited and National Stock Exchange of India Limited on February 19, 2026.

The company received the information internally on February 19, 2026, at 10:47 hours before making the formal disclosure to stock exchanges. This follows the company's previous intimation dated February 16, 2026, regarding the vessel's deployment status.

Company Background

SEAMEC Limited operates as part of the MMG Agarwal Group and maintains its registered office in Mumbai. The company holds multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, and is a contractor member of the International Marine Contractors Association (IMCA).

SEAMEC Limited has announced a temporary operational update regarding one of its key vessels under contract with Oil and Natural Gas Corporation (ONGC). The company disclosed that its vessel SEAMEC DIAMOND has been off-hired from the ONGC contract for mandatory maintenance requirements.

Vessel Off-Hire Details

The operational update includes specific timing and regulatory compliance information:

Regulatory Compliance and Maintenance

The off-hiring is necessitated by statutory drydocking requirements, which represent mandatory maintenance procedures for maritime vessels. This type of maintenance is essential for ensuring vessel safety, operational efficiency, and compliance with international maritime regulations.

The company has indicated that upon completion of the drydocking process, the SEAMEC DIAMOND will resume its contract operations with ONGC. SEAMEC Limited has committed to providing further updates regarding the vessel's return to active service.

Corporate Disclosure

This announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent communication with stakeholders regarding operational developments that may impact business activities.

The disclosure was signed by S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary, ensuring proper corporate governance protocols were followed in the communication process.