Main Body
SEAMEC LIMITED has entered into a BIMCO Charter Party agreement with M/s. G R Infraprojects Limited for charter hire of its vessel "SEAMEC II". The vessel will be deployed for subsea installation work in the Part Replacement Pipeline (PRP-8A) and DSF 2 Project of Oil and Natural Gas Corporation Limited (ONGC).
Key Terms:
- Agreement Value: Approximately USD 19.02 million (exclusive of GST)
- Tenure: 180 days with option for extension on mutually agreed terms
- Commencement Window: Between October 15, 2026 and October 31, 2026
- Execution Date: Disclosure made on September 30, 2026
Nature of Agreement: This is a vessel charter party agreement for specialized subsea installation services. The disclosure is made pursuant to Clause 5 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated January 30, 2026.
Relationship Status: The transaction does not constitute a Related Party Transaction. The parties are not related to Promoter/Promoter Group/Group companies in any manner, and the transaction is conducted at arm's length.
Regulatory Compliance: The company has provided all requisite details in the prescribed annexures as required by SEBI Listing Regulations.
Other Key Announcements
No additional material announcements were disclosed in this filing.