Seamec Limited, a prominent player in the offshore services industry, has reported a temporary setback in its operations. The company announced that its vessel, 'SEAMEC SWORDFISH', has been temporarily off-hired due to a breakdown that occurred on August 28, 2025, at 12:41 hours.

Vessel Status and Company Response

According to the company's disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Seamec Limited is actively working to rectify the defect that led to the vessel's off-hire status. The company has assured stakeholders that once the necessary repairs are completed, 'SEAMEC SWORDFISH' will be returned to charter service.

Impact on Operations

While the specific nature of the breakdown has not been disclosed, temporary off-hiring of vessels can potentially impact a company's operational capacity and revenue generation in the short term. However, Seamec Limited's prompt disclosure and commitment to swift repairs demonstrate the company's proactive approach to addressing such challenges.

Recent Corporate Developments

In a separate but noteworthy development, Seamec Limited also disclosed a change in its shareholding structure. On August 27, 2025, HAL Offshore Limited, a promoter of Seamec Limited, acquired 45,000 equity shares of the company through open market transactions. This acquisition has slightly increased the promoter group's stake in the company.

Shareholding Update

Following the acquisition:

This increase in promoter holding from 70.59% to 70.77% might be seen as a sign of confidence in the company's prospects, despite the temporary operational challenge with the 'SEAMEC SWORDFISH'.

Seamec Limited continues to navigate the dynamic offshore services sector, balancing operational challenges with strategic corporate moves. The company's transparent communication with its stakeholders regarding both operational issues and ownership changes underscores its commitment to maintaining investor trust in these evolving circumstances.

Seamec Limited, a publicly traded company in the marine and oil field services sector, has reported a recent increase in shareholding by its promoter, HAL Offshore Limited. The transaction, which took place on August 26, 2025, involved HAL Offshore acquiring an additional 45,000 equity shares of Seamec through an open market purchase.

Shareholding Impact

The acquisition has resulted in a slight increase in HAL Offshore's stake in Seamec:

This transaction represents a 0.18% increase in HAL Offshore's ownership of Seamec's total equity share capital, which stands at 25,42,50,000 shares.

Regulatory Compliance

The disclosure of this acquisition was made in compliance with the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations. Seamec promptly informed the BSE Limited and the National Stock Exchange of India Limited about this change in shareholding on August 28, 2025.

Promoter Group

HAL Offshore Limited is part of Seamec's promoter group, which also includes persons acting in concert:

1. Mr. Sanjeev Agrawal
2. Mrs. Deepti Agrawal

About Seamec Limited

Seamec is listed on both the BSE and the National Stock Exchange of India. The company provides offshore oilfield services and vessel management in the marine and oil field services sector.