About SEAMEC Limited

SEAMEC Limited is a leading provider of offshore support services, specialising in subsea operations through Diving Support Vessels (DSVs). The company presently owns and operates five DSVs, one Offshore Support Vessel (OSV), and one Accommodation Barge. These assets form the backbone of SEAMEC’s offshore services business. Its subsidiary companies manage and operate bulk carriers, engaged in transporting dry-bulk commodities, food staples, and industrial products across global routes.

The company is ISM, ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certified, ensuring adherence to global Quality, Health, Safety and Environmental (QHSE) standards.

SEAMEC is a listed entity on both BSE Limited and the National Stock Exchange of India Limited (NSE).

Subsidiaries include:

• Seamec International FZE (Dubai), incorporated in 2010, engaged in charter, ship management, and freight/passenger shipping, owning one bulk carrier.

• Seamate Shipping FZC (UAE), a joint venture subsidiary of Seamec International FZE, operating the bulk carrier Asian Pearl.

• Seamec UK Investments Limited, focusing on oil and gas ventures in Europe and Africa, with step-down subsidiaries Fountain House 74, Fountain House 84, and Fountain House Combined.

• Aarey Organic Industries Private Limited, established for fabrication and storage facilities.

• Seamec Nirman Infra Limited, created to explore tunnelling projects, though operations have since been withdrawn
  Seamec.

SEAMEC is a subsidiary of HAL Offshore Limited (HAL), which provides end-to-end EPC services to the Indian oil and gas industry.

SEAMEC Limited’s Business Segments

SEAMEC reports business performance in two geographical segments: Domestic and Overseas.

For FY ended March 31, 2025:

• Domestic operations contributed ~85.9%

• Overseas operations contributed ~14.1% of SEAMEC’s total consolidated revenue.

SEAMEC Limited Key Management

• Mr. Sanjeev Agrawal – Chairman

• Mr. Raghav Chandra – Independent Director

• Mrs. Ruby Srivastava – Independent Director

• Dr. Amarjit Chopra – Independent Director

• Mr. Rajeev Goel – Director

• Mr. Naveen Mohta – Whole-Time Director

• Mr. Rakesh Ayri – Chief Executive Officer

• Mr. S.N. Mohanty – President – Corporate Affairs, Legal & Company Secretary

• Mr. Vinay Kumar Agarwal – Chief Financial Officer

Latest Updates on SEAMEC Limited

• The company faced a decline in revenue and profitability due to the dry-docking of vessels during non-working seasons, leading to higher costs without corresponding revenue.

• Strategic initiatives focused on robust risk management measures and employee dedication, both offshore and onshore, to maintain resilience amidst global geopolitical and crude oil price volatility.

• Appointment of M/s Satyajit Mishra & Co. as Secretarial Auditor for five consecutive years beginning FY 2025 .

• Continued compliance with regulatory norms and contributions under statutory CSR requirements.