Key Quantitative Figures

  • Total votes cast in favor: 16,623,948 (93.87% of valid votes)
  • Total votes cast against: 1,085,467 (6.13% of valid votes)
  • Number of members voted in favor: 137
  • Number of members voted against: 11
  • Invalid votes: 0 members, 0 votes

Dates of Action

  • Board approval for postal ballot: July 14, 2026
  • Cut-off date for membership: July 10, 2026
  • Postal ballot notice sent: July 16, 2026
  • Newspaper advertisement published: July 17, 2026
  • Remote e-voting period: July 17, 2026 (9:00 AM IST) to August 15, 2026 (5:00 PM IST)
  • Scrutinizer's report date: August 17, 2026
  • Resolution deemed passed: August 15, 2026

Parties Involved

  • Material Subsidiary: SEAMEC International FZE (wholly owned subsidiary)
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: M/s. Satyajit Mishra & Co. (FCS 5759; C.P. No. - 4997)
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Authorized signatory: Mr. S.N. Mohanty, President – Corporate Affairs, Legal and Company Secretary

Purpose and Resolution Details

The special resolution sought approval for "Sale/Disposal/Leasing of assets amounting to more than 20% of the assets of the material subsidiary of the Company." Specifically, the resolution approves the sale of vessel "SEAMEC GALLANT" belonging to M/s SEAMEC International FZE, the Company's wholly owned subsidiary.

The resolution authorizes the Board of Directors of SEAMEC International FZE to negotiate, finalize, and execute all necessary agreements and documents related to the sale without requiring further member approval.

Voting Process and Results

The remote e-voting process was conducted through NSDL from July 17 to August 15, 2026. The scrutinizer, M/s Satyajit Mishra & Co., submitted their report on August 17, 2026, confirming the voting results. The resolution passed with the requisite majority of 93.87% votes in favor.

Disclosure and Dissemination

The result has been intimated to the stock exchanges, uploaded on the company's website (www.seamec.in), displayed on the NSDL website, and displayed on the notice board at the company's registered office.

Financial Impact

Financial impact not quantified in the disclosure.

Capital Structure Impact

No direct impact on SEAMEC LIMITED's capital structure disclosed. The transaction involves asset disposal at the subsidiary level.