SEAMEC Limited has announced the execution of an addendum for the additional deployment of its vessel 'SEAMEC PRINCESS', marking a continuation of its ongoing marine operations. The addendum was executed on February 25, 2026, with G R Infraprojects Limited, extending the vessel's operational scope under the existing contractual framework.

Contract Details and Parties

The addendum builds upon the original sub-contract agreement that was executed on December 10, 2025. This new arrangement allows for the additional deployment of the vessel to undertake specific portions of activities as outlined in the original agreement.

Operational Impact and Scope

The company has emphasized that this addendum represents a normal course of business operation with no material impact on its financial position. The additional deployment is designed to utilize the vessel's capabilities for specific activities that fall within the scope of the original sub-contract agreement.

Key aspects of the addendum include:

• Additional deployment of vessel 'SEAMEC PRINCESS'
• Undertaking specific portions of activities from the original agreement
• No change in overall scope of work
• No impact on income levels

Regulatory Compliance

SEAMEC Limited made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received intimation of the event on February 26, 2026, at 11:28 hours and promptly informed both BSE Limited and National Stock Exchange of India Limited.

Company Background

SEAMEC Limited operates as a marine engineering and construction company, providing specialized services in offshore and marine sectors. The company is a member of the MMG group and maintains its registered office in Mumbai. The vessel 'SEAMEC PRINCESS' represents part of the company's fleet deployed for various marine construction and engineering projects.

SEAMEC Limited has announced that its vessel SEAMEC II has gone offhire for mandatory regulatory Flag State Inspection. The company disclosed this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vessel Offhire Details

The offshore services company provided specific timing details for the vessel's operational status change:

Contract Operations with ONGC

The vessel SEAMEC II is currently under contract with Oil and Natural Gas Corporation (ONGC). The company has assured stakeholders that upon completion of the regulatory inspection, the vessel will return to the field to resume its contract operations with ONGC.

Regulatory Compliance

This disclosure follows the company's earlier communication referenced as SEAMEC/BSE&NSE/SMO/SEAMECII/0602/2026 dated February 06, 2026, indicating ongoing contract-related developments. The Flag State Inspection represents a mandatory regulatory requirement for offshore vessels.

Future Updates

SEAMEC Limited has indicated that it will provide further intimation regarding the vessel's return to operational status in due course. The company maintains transparency with stakeholders through regular disclosures to both BSE and NSE regarding its vessel operations and contract developments.