SEAMEC Limited has announced a temporary operational change regarding one of its key vessels, informing stock exchanges about the off-hire status of SEAMEC PALADIN for scheduled maintenance operations. The company communicated this development to both BSE and NSE under regulatory disclosure requirements.

Vessel Off-Hire Details

The company's vessel SEAMEC PALADIN was temporarily taken off-hire effective January 10, 2026, at 16:00 hours. This operational decision was made to facilitate necessary maintenance and compliance procedures for the vessel.

Drydocking Operations

Following the completion of necessary formalities, SEAMEC PALADIN will proceed for statutory drydocking operations. The company estimates this maintenance period will last approximately 70 days, during which the vessel will undergo required inspections and maintenance procedures.

Statutory drydocking represents a mandatory maintenance requirement for marine vessels, ensuring compliance with safety and operational standards. This scheduled maintenance is essential for maintaining the vessel's operational certification and seaworthiness.

Regulatory Compliance

SEAMEC Limited disclosed this information to stock exchanges under Regulation 30, demonstrating its commitment to transparent communication with stakeholders. The company received information about this event on January 12, 2026, at 04:18 hours and promptly communicated the same to regulatory authorities.

The disclosure was made through official communication channels to both BSE (Scrip Code: 526807) and NSE (Trading Symbol: SEAMECLTD), ensuring all market participants have access to this operational update. This follows the company's previous communication referenced as letter number SEAMEC/BSE/SMO/SP/1404/2023 dated April 14, 2023, indicating ongoing vessel deployment updates.

Seamec Limited , a prominent player in the offshore services sector, has successfully resolved its legal dispute with Asian Energy Services Limited through mutual settlement. The Bombay High Court has disposed of the company's Section 9 petition following the settlement agreement.

Settlement Resolution

Seamec announced that the dispute pertaining to charter hire of the vessel has been mutually settled with Asian Energy Services Limited. The interim application for relief under Section 9 of the Arbitration and Conciliation Act, 1996, filed by the company before the Bombay High Court has been disposed of through a court order dated January 07, 2026.

Legal Proceedings Background

The original dispute involved Seamec's claim against Asian Energy Services Limited and Hardy Exploration & Production (India) Inc. for non-payment of overdue charter hire for work carried out by Seamec's Vessel Seamec III. The company had sought recovery of charter hire dues totaling INR 24.52 crores (inclusive of interest).

Settlement Impact

According to the company's disclosure, there is no material impact of the settlement on Seamec's financial position. The mutual agreement has allowed both parties to resolve the dispute without prolonged litigation, enabling the company to focus on its core operations.

Operational Context

This resolution comes as Seamec continues its operational activities, including the recent commencement of operations by its barge SEAMEC GLORIOUS. The settlement demonstrates the company's ability to resolve commercial disputes effectively while maintaining business relationships in the offshore services sector.

The successful resolution of this legal matter removes a potential overhang on the company's operations and may contribute to improved stakeholder confidence in Seamec's dispute resolution capabilities.