Seamec Ltd — Capital/Financing Update 2023

Oct 19, 2023

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SEAMEC/NSE/SMO/POSH/1910/2023

October 19, 2023

National Stock Exchange of India Limited Exchange Plaza Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051

Trading Symbol: “SEAMECLTD”

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam,

The Company has entered into an Addendum with POSH INDIA OFFSHORE PRIVATE LIMITED to the Subcontract No. PRPVII-PIOPL-SC-02 dated 9[th] March, 2023.

The Addendum is for additional work in Pipeline Replacement Project to be undertaken during the work Season 2023-24.

The Total Value of the additional work will be around Rs. 48.60 Crores inclusive of GST.

Pursuant to Clause 5 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated July 13, 2023, we enclose herewith the requisite details in the prescribed Annexure.

The above is considered in the normal course of business.

Date and time of occurrence of event: 19[th] October, 2023 at 12:50 hours.

We request you to kindly take the above on your records.

Thanking you,

Yours Faithfully,

For SEAMEC LIMITED

SACHIDANAND Digitally signed by SACHIDANANDA MOHANTY A MOHANTY Date: 2023.10.19 13:16:02 +05'30'

S.N. Mohanty

President – Corporate Affairs, Legal and Company Secretary

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ANNEXURE

	ANNEXURE
Sr. No.	Description	Remarks
a)	Name(s) of parties with whom the agreement / Addendum is entered	Addendum dated 19thOctober, 2023 toNo. PRPVII-PIOPL- SC-02 dated 9thMarch, 2023 withPOSH INDIA OFFSHIRE PVT. LTD.
b)	Purpose of entering into the agreement/ Addendum	Additional work for the pipeline replacement project PRP VII associated subsea construction works.
c)	Size of Agreement	INR 48.60 Crores inclusive of GST
d)	Shareholding, if any, in the entity with whom the agreement is executed;	NA
e)	Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.	NA
f)	Whether, the said parties are related to Promoter / Promoter Group / Group companies in any manner. If yes, nature of relationship.	NO
g)	Whether the transaction would fall within Related Party Transactions? If yes, whether the same is done at “arm’s length”	NO
h)	In case of issuance of shares to the parties, details of issue price, class of shares issued	NA
i)	In case of loan agreements, details of lender/ borrower, nature of the loan, total amount of loan granted / taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lender / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis	NA
j)	Any other disclosures related to such agreements, viz, details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreement, etc;	NA
k) HIDA ~~DA~~ Digitall SACHID ~~MOHA~~	In case of termination or amendment of agreement, listed entity shall disclose additional details to the Stock Exchange(S): i) Name of the parties to the agreement; ii) Nature of the agreement; iii) Date of execution of the agreement; iv) Details of amendment and impact thereof or reasons of termination and impact thereof; y signed by ANANDA ~~TY~~	NA