Seamec Ltd — Board/Management Information 2025

Jun 3, 2025

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SEAMEC/BSE&NSE/OUTCOMEOFBM/SMO/0306/2025

June 03, 2025

June 03, 2025
Corporate Relations DepartmentBSE LimitedPhirojee Jeejeebhoy Towers,Dalal Street,Mumbai – 400001	The Manager Listing DepartmentNational Stock Exchange of India LimitedExchange Plaza, Plot No. C/1, G Block,Bandra-Kurla Complex, Bandra (East)Mumbai - 400051
Scrip Code: 526807	Trading Symbol: SEAMECLTD

Sub: Outcome of Board Meeting held on June 03, 2025

Dear Sir / Madam,

We wish to inform you that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and on the recommendation of the Audit Committee, the Board of Directors of the Company in its meeting held today i.e. June 3, 2025, inter alia , considered and approved the purchase of Vessel “SEAMEC ANANT” from HAL Offshore Limited, the Holding Company at a price of USD 70 million, subject to approval of the shareholders.

Upon shareholders’ approval, the Company will charter the Vessel to HAL Offshore Limited on a day rate of USD 45,000 for marine activities.

The above transactions will be related party transactions. The salient features of the acquisition and subsequent charter hire will be provided upon execution of relevant agreement(s).

The Board of Directors has approved the Postal Ballot Notice and calendar of events and recommended seeking shareholders’ approval for the following proposals:

• (i) Purchase of vessel “SEAMEC ANANT” from HAL Offshore Limited

• (ii) Material modification to the Related party transaction with HAL Offshore Limited, the Parent Company, relating to charter hire, diving and other related transactions in line with the Company’s business for enhancing the monetary capping limits from USD 30 million p.a to USD 60 million p.a.

The Postal Ballot Notice will be sent shortly and intimation in this regard will be made in due course.

The meeting of the Board of Directors commenced at 14 07 hours and concluded at 14 20 hours.

We request you to take the above on record and disseminate the same on your website.

Thanking you,

Yours Faithfully, For SEAMEC LIMITED SACHIDANAND Digitally signed by SACHIDANANDA MOHANTY A MOHANTY Date: 2025.06.03 15:16:28 +05'30'

S.N. Mohanty President – Corporate Affairs, Legal and Company Secretary

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