SEAMEC Limited has announced a significant operational milestone with the commencement of charter operations for its vessel SEAMEC AGASTYA. The company disclosed this development to stock exchanges as part of its regulatory obligations under SEBI listing requirements.

Charter Operations Commencement

The vessel SEAMEC AGASTYA has officially begun its charter operations with HAL Offshore Limited under an ongoing contract for Oil and Natural Gas Corporation (ONGC). The charter commenced on January 2, 2026, at 22:00 hours, marking the successful deployment of this maritime asset.

Regulatory Disclosure

SEAMEC Limited made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the information on January 3, 2026, at 06:52 hours and promptly communicated it to both BSE Limited and National Stock Exchange of India Limited.

This announcement follows previous communications from the company dated December 4, 2025, and December 8, 2025, regarding the deployment status of the same vessel. The successful commencement of charter operations represents the culmination of the deployment process.

Company Background

SEAMEC Limited operates as a member of the MMG Maya Group and maintains its registered office in Mumbai. The company holds various certifications including:

• ISO 9001:2015 certification
• ISO 14001:2015 certification
• ISO 45001:2018 certification
• IMCA (International Marine Contractors Association) contractor membership

The vessel deployment strengthens SEAMEC's operational portfolio and demonstrates the company's capability to execute maritime contracts for major oil and gas sector clients. This charter arrangement with HAL Offshore Limited for ONGC services represents continued business activity in the offshore energy sector.

Seamec has announced that its vessel "SEAMEC III" has commenced its second Part Replacement Pipeline Project for Oil and Natural Gas Corporation Ltd (ONGC). This development marks a significant operational milestone for the marine services company as it continues its engagement with ONGC.

Project Scope and Details

The current project encompasses multiple components for ONGC operations:

Recent Contract Awards and Completions

Seamec has awarded a diving services contract to Adsun Offshore for the SEAMEC III vessel. This partnership will support the specialized underwater operations required for the pipeline replacement activities.

Earlier, on December 16, the company announced that the vessel had completed its charter with A.D. ENGINEERS & CONTRACTORS LLP, demonstrating the continuous deployment of its marine assets.

Company Operations Overview

The MM Agrawal Group company operates across two distinct verticals of the shipping business. The Mumbai-based entity maintains a diversified marine services portfolio:

• Offshore Support Vessels and Services: Primary focus on specialized marine operations
• Bulk Carrier Charter Business: Complementary shipping operations

Fleet Composition

Market Performance

The company's equity performance shows mixed short-term and positive medium-term trends:

Despite the recent daily decline, the stock has demonstrated strong momentum over the past quarter, reflecting investor confidence in the company's marine services operations and project execution capabilities.