Seamec Ltd — Capital/Financing Update 2020

Sep 18, 2020

Sr.No.	Particulars	Details
1.	Nameof thetargetentity, details in brief	SEAMATE SHIPPING FZC
	suchas size,turnoveretc.
		Turnover- Nil(Company	isyetto commence
		itsoperation)
2.	Whetherthe acquisitionwouldfallwithin	The above acquisitiondoesnotfallwithinthe
	relatedpartytransaction(s)andwhether	scope of relatedpartytransaction(s).
	thepromoter/promotergroup/group
	companieshaveanyinterestinthe entity
	being acquired?Ifyes,natureofinterest
	anddetails thereofandwhetherthesame
	isdoneat"arm'slength"
3.	Industrytowhichtheentitybeing	Shipping.
	acquiredbelongs.
4.	Objectsandeffectsofacquisition	Theprimaryobject is	to	carry	onShip
	(includingbutnotlimited to, disclosure of	ManagementandOperation(s).
	reasons for acquisition oftargetentity, if its
	business isoutsidethemainline of
	business of the listed entity)
5.	Brief details ofanygovernmentalor	NotApplicable.
	regulatoryapprovalsrequiredfor the
	acquisition
6.	Indicative timeperiodforcompletionof	NotApplicable.
	the acquisition
7.	Natureofconsideration- whethercash	Seamec International FZE,		wholly		owned
	consideration orshareswapanddetails of	subsidiary of theCompany,will subscribe tothe
	thesame	sharecapital of jointventure		companyinthe
		ratio of 60:40.
8.	Cost of acquisition or the priceatwhich	Subscription toequityshares		of jointventure
	thesharesareacquire	companywouldbeas per Sr. No. 7.
9.	Percentage ofshareholding_I_control	60%by Seamec International FZE,				wholly
	acquiredand_I_ornumberof shares	ownedsubsidiaryof theCompany.
	acquired
10.	Briefbackgroundaboutthe entityacquired	SEAMATESHIPPING	FZCis		a	newly
	intermsofproducts/line of business	incorporatedsubsidiaryof	theCompanyinjoint
	acquired,dateofincorporation, historyof	venturewithAreteShippingDMCC			in theratio
	last 3 yearsturnover,countryinwhichthe	of60:40, respectivelyand	isyetto		commence
	acquiredentityhaspresenceandanyother	business.
	significantinformation(in brief)