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.

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.

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