SEAMEC Limited
Diving Services Agreement with HAL Offshore Limited
Main Body
SEAMEC Limited has entered into a Diving Agreement with M/s. HAL Offshore Limited (HAL) on July 23, 2026, for availing Diving Subsea Services on the ONGC vessel "SAMUDRA PRABHA" which is managed by SEAMEC.
Financial Details: The total contract value is approximately USD 9.42 million exclusive of GST.
Date of Execution: The agreement was executed on July 23, 2026, at 13:53 hours.
Parties Involved: The agreement is between SEAMEC Limited and HAL Offshore Limited.
Relationship Details: HAL Offshore Limited holds 70.77% shareholding in SEAMEC Limited and is the Promoter of the company.
Regulatory Approvals: The transaction is classified as a Related Party Transaction but is conducted on an Arm's Length basis and in the normal course of business. The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated January 30, 2026.
Additional Terms: The annexure confirms that there are no special rights like right to appoint directors, first right to share subscription, or right to restrict any change in capital structure. The agreement does not involve issuance of shares or loan agreements.
Other Key Announcements
This disclosure references previous communications: letter no. SEAMEC/BSE&NSE/SMO/NOASAMUDRAPRABHA/2703/2026 dated 27th March 2026 and SEAMEC/BSE&NSE/SMO/CONTRACTSAMUDRAPRABHA/0106/2026 dated 1st July 2026.