Seamec Limited, a prominent player in the offshore oil and gas services sector, has announced the return of its vessel 'SEAMEC II' to Mumbai following the completion of statutory drydocking. The company is now preparing to resume the vessel's operations under its contract with Oil and Natural Gas Corporation (ONGC).

Vessel Status and Next Steps

According to a regulatory filing by Seamec, 'SEAMEC II' arrived in Mumbai on August 20, after successfully completing its mandatory drydocking procedures. The vessel is now poised to re-enter service, pending necessary clearances and formalities.

Resumption of ONGC Contract

Seamec stated that once the vessel clears customs and completes all statutory and administrative requirements, it will return to the field to continue its ongoing contract with ONGC. The company has committed to providing further updates on the vessel's deployment in due course.

Impact on Operations

The timely completion of the drydocking process for 'SEAMEC II' is a positive development for Seamec Limited. It demonstrates the company's commitment to maintaining its fleet and ensuring compliance with regulatory standards. The vessel's return to service is expected to contribute to Seamec's operational capacity and revenue generation in the coming months.

Company's Fleet Management Strategy

This development aligns with Seamec's broader strategy of efficient fleet management and maximizing vessel utilization. The company has been focusing on optimizing its fleet operations to meet the demands of the offshore oil and gas industry while ensuring adherence to safety and regulatory standards.

Seamec Limited continues to position itself as a key player in the offshore services sector, with a particular focus on diving support vessels and related services for the oil and gas industry. The return of 'SEAMEC II' to active duty is expected to bolster the company's operational capabilities in the offshore services market.

Seamec Limited, a prominent player in the offshore oilfield services sector, has announced a significant change in its top leadership. The company's Board of Directors has removed Mr. Rakesh Ayri from his position as Chief Executive Officer (CEO), effective August 19, 2025.

Board Decision and Rationale

The decision to remove Mr. Ayri was made during a board meeting held on August 18, 2025. The meeting, which lasted for 16 minutes from 18:00 to 18:16 hours, was convened to discuss the recommendation put forth by the Nomination and Remuneration Committee.

According to the company's official statement, the primary reason cited for Mr. Ayri's removal was "non-performance, as evaluated." This decisive action underscores the board's commitment to maintaining high standards of leadership and performance within the organization.

Regulatory Compliance

In compliance with regulatory requirements, Seamec Limited has promptly informed the stock exchanges about this significant development. The company has adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Details of Cessation

The official communication from Seamec Limited provides the following details regarding the cessation of Mr. Ayri's services:

Company Response

Mr. S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary of Seamec Limited, signed the official communication to the stock exchanges. The company has requested that this information be taken on record, demonstrating its commitment to transparency and regulatory compliance.

This development marks a significant change in Seamec Limited's leadership structure. As the company moves forward, stakeholders will be keenly watching for any announcements regarding the appointment of a new CEO and the potential impact on the company's strategic direction and performance.