SEAMEC LIMITED
Trading Symbol: SEAMECLTD
Charter Hire Agreement with HAL Offshore Limited
SEAMEC Limited has entered into a contract with HAL Offshore Limited for charter hire of Vessel SEAMEC ANANT for deployment with Oil and Natural Gas Corporation (ONGC) for IMR (Inspection, Maintenance, and Repair) jobs.
Key Contract Details:
- Execution Date: October 21, 2026 at 16:33 hours
- Charter Hire Period: Approximately 1225 days (subject to HAL's Charter Hire Agreement with ONGC)
- Total Contract Value: Approximately USD 55 million (exclusive of GST)
- Counterparty: HAL Offshore Limited
- End Client: Oil and Natural Gas Corporation (ONGC)
Relationship Disclosure:
- This constitutes a Related Party Transaction as HAL Offshore Limited holds 70.77% shareholding in SEAMEC Limited and is the Promoter of the company
- The transaction is stated to be conducted at arm's length basis
- The agreement is in the normal course of business
Regulatory Compliance:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to previous letter: SEAMEC/BSE&NSE/SMO/TAKEOVERSEAMECANANT/1410/2026 dated 14th October, 2026
- Compliance with SEBI circular dated January 30, 2026
Additional Information:
- The agreement does not include special rights such as appointment of directors, share subscription rights, or capital structure restrictions
- No share issuance or loan components are involved in this agreement