Seamec Ltd — Capital/Financing Update 2021

Feb 10, 2021

SEAMEC/NSF/SM0/1001/1/2021

February 10, 2021

National Stock Exchange of India Limited Exchange Plaza Plot No. Cfl, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051

Trading Symbol: "SEAMECLTD"

Sub: Outcome of the Board Meeting held on Wednesday, February 10, 2021

Dear Sir/ Madam,

In continuation to our letter bearing reference no. SEAMEC/NSE/SM0/0202/2021 dated February 2, 2021 and SEAMEC/NSE/SM0/0502/1/2021 dated February 5, 2021, we wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. February 10, 2021, has inter alia:

• 1. Approved unaudited financial results (standalone and consolidated) for the quarter/ period ended December 31, 2020, duly reviewed and recommended by the Audit Committee.
• 1. Declared an Interim Dividend of Rs. 1 per equity share.
• 1. Fixed February 22, 2021 as Record Date for interim dividend pursuant to the provisions of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dividend would be paid on or before Tuesday, March 9, 2021 to such equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners as on the record date stated above.
• 1. Approved the proposal for undertaking construction activities in joint venture with Nirman Vridhi Infra LLP, execute the joint venture agreement and in this context incorporate a joint venture company, subject to compliance of regulatory formalities. Subsequent material events would be intimated in due course.

The meeting of the Board of Directors commenced at 13:20 hours and concluded at 14:30 hours.

Kindly acknowledge the receipt.

Thanking you,

Yours Faithfully, For SEAMEC LIMITED

~ President - Corporate Affairs, Legal and Company Secretary

Encl: As above.