SEAMEC Signs $9.96M HAL Diving Agreement

SEAMEC Limited

Main Body

SEAMEC Limited has entered into a Diving Agreement with HAL Offshore Limited on July 23, 2026, for availing Diving Subsea Services on the ONGC vessel "SAMUDRA SEVAK", which is managed by SEAMEC.

Key Terms:

• Total contract value: Approximately USD 9.96 million (exclusive of GST)
• Date of execution: July 23, 2026 at 13:53 hours
• Parties involved: SEAMEC Limited (service provider) and HAL Offshore Limited (client)
• Nature of services: Diving Subsea Services

Related Party Aspects:

• HAL Offshore Limited holds 70.77% shareholding in SEAMEC Limited
• HAL Offshore Limited is the Promoter of SEAMEC Limited
• The transaction qualifies as a Related Party Transaction
• The transaction is conducted on an Arm's Length basis and in the normal course of business

Regulatory Compliance:

• Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Follows previous communications dated March 13, 2026 (SEAMEC/BSE&NSE/SMO/NOASAMUDRASEVAK/1303/2026) and April 28, 2026 (SEAMEC/BSE&NSE/SMO/CONTRACTSAMUDRASEVAK/2804/2026)
• Includes prescribed annexure details as required by Clause 5 of Para B of Part A of Schedule III of Listing Regulations and SEBI Circular dated January 30, 2026