Seamec Limited , a prominent player in the offshore services sector, has announced a significant operational update regarding its HAL vessel MV GOODMAN. The company has officially confirmed that the vessel has been successfully deployed for Oil and Natural Gas Corporation's (ONGC) NLM9 project, marking a notable development in its operational activities.

Deployment Details

The deployment of MV GOODMAN represents a strategic move for Seamec Limited in its ongoing collaboration with ONGC. Here are the key details of the vessel's deployment:

Regulatory Compliance

In adherence to regulatory requirements, Seamec Limited promptly informed the stock exchanges about this operational update. The company's disclosure aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparency and regulatory compliance.

Corporate Communication

The deployment status was officially communicated to both the BSE Limited and the National Stock Exchange of India Limited. This proactive approach in sharing operational updates underscores Seamec Limited's dedication to keeping its stakeholders informed about key developments that may impact the company's performance and market position.

Conclusion

The commencement of MV GOODMAN's operations for ONGC's NLM9 project marks a positive step for Seamec Limited. While the specific details of the project and its potential impact on the company's financials have not been disclosed, this deployment indicates ongoing business activity and collaboration with a major player in India's oil and gas sector. Stakeholders and market observers will likely keep a close watch on further developments related to this operational update.

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.