Meeting Details

  • Meeting Type: 39th Annual General Meeting
  • Date: Friday, September 25, 2026
  • Time: 16:00 hours (IST)
  • Location: Conducted through Video Conferencing Facility/Other Audio-Visual Means
  • Deemed Venue: Registered Office of the Company at A-901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Andheri (East), Mumbai 400 093

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Dividend Declaration: To declare a dividend at the rate of ₹2 per equity share of ₹10 each for FY ended March 31, 2026

3. Director Re-appointment: To appoint Mr. Sanjeev Agrawal (DIN: 00282059) who retires by rotation and offers himself for re-appointment

Special Business

4. Enhancement of Monetary Cap with HAL Offshore: Ordinary Resolution to enhance monetary limit to USD 65 million per annum or equivalent INR for charter hire of vessels, diving and allied activities with HAL Offshore Limited (holding company) until AGM 2030

  • Requires approval under Section 188 of Companies Act 2013 and Regulation 23 of SEBI LODR
  • Current cap is USD 50 million per annum
  • Represents 65% of SEAMEC's annual consolidated turnover
  • Audit Committee and Board authorized to scrutinize individual transactions

5. Re-appointment of Whole Time Director: Special Resolution to re-appoint Mr. Naveen Mohta (DIN: 07027180) as Whole Time Director for 5 years from September 1, 2026 to August 31, 2031

  • Annual remuneration of ₹1,24,00,008 including basic salary of ₹54,00,000, HRA of ₹54,00,000, and other allowances
  • Minimum remuneration payable in absence/inadequacy of profits

6. Appointment of Independent Director: Special Resolution to appoint Dr. Rajesh Kumar Yaduvanshi (DIN: 07206654) as Non-Executive Independent Director for first term of 5 years from August 13, 2026 to August 12, 2031

  • Not liable to retire by rotation
  • Paid sitting fees and commission within statutory limits

7. Remuneration to Non-Executive Independent Directors: Ordinary Resolution to approve payment of remuneration by way of sitting fees and commission up to 0.5% of net profits of the Company effective from FY 2026-27 for 5 years

Voting Process and Methods

  • Remote e-Voting: Provided through NSDL e-Voting system
  • Voting Period: Commences Tuesday, September 22, 2026 at 9:00 AM IST and ends Thursday, September 24, 2026 at 5:00 PM IST
  • Cut-off Date: Friday, September 18, 2026 for determining members entitled to vote
  • Meeting Voting: Members attending AGM through VC/OAVM who haven't voted remotely can vote during meeting
  • Voting Rights: Proportional to paid-up equity share capital as on cut-off date
  • Proxy Voting: Not available as meeting is conducted through VC/OAVM

Scrutinizer Appointment and Role

  • Scrutinizer: M/s. Satyajit Mishra & Co., Company Secretaries appointed to scrutinize voting process
  • Responsibilities: Count votes cast at meeting, unblock remote e-votes, prepare consolidated scrutinizer's report
  • Report Submission: Within 2 working days of meeting conclusion to Chairman/authorized person
  • Result Declaration: On or before Tuesday, September 29, 2026 by Chairman/authorized person

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • MCA Circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021, May 5, 2022, December 28, 2022, September 25, 2023, September 19, 2024 and September 22, 2025
  • SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023, October 7, 2023 and October 3, 2024
  • Secretarial Standard-2 on General Meetings

Additional Information

  • Integrated Annual Report 2025-26 available on company website
  • Physical copies available on request for members not registered email addresses
  • Members can inspect Register of Directors, KMP shareholding, and Register of Contracts during AGM
  • Recorded transcript of AGM will be uploaded on company website post-meeting
  • Advertisement about AGM will be published in newspaper