Seamec Ltd — Capital/Financing Update 2024

Jun 3, 2024

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SEAMEC/NSE/SMO/SEAMECSWORDFISH/0306/2024

June 03, 2024

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 – Extension of Charter for Vessel “SEAMEC SWORDFISH”

Dear Sir / Madam,

In continuation to our earlier notification dated 23[rd] April 2024, we wish to inform you that the deployment of Vessel “SEAMEC SWORDFISH” with M/s. Zamil Offshore Services Company, Saudi Arabia is extended for a further period of 30 days from 25[th] May 2024. The Addendum in this respect was signed on 3[rd] June 2024.

The Charter rate is enhanced from USD 55,900/day to USD 57,900/day for the extended period.

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 respect of the said Addendum entered between SEAMEC LIMITED and M/s. ZAMIL OFFSHORE SERVICES COMPANY in the prescribed ANNEXURE.

Date and time of occurrence of event 3[rd] June 2024 at 17:11 hours.

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

Thanking you,

Yours Faithfully,

For SEAMEC LIMITED

SACHIDANA Digitally signed by SACHIDANANDA NDA MOHANTY Date: 2024.06.03 MOHANTY 17:17:58 +05'30'

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

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ANNEXURE

	ANNEXURE	ANNEXURE	ANNEXURE	ANNEXURE	ANNEXURE
Sr. No.	Description					Remarks
a)	Name(s) of parties with whom the			~~agreement /A~~ddendum is entered		Addendum dated 3rdJune 2024 with M/S. ZAMIL OFFSHORE SERVICES COMPANY
b)	Purpose of entering into the		~~agreement/~~Addendum			Extension of Charter Hire of our Vessel “SEAMEC SWORDFISH” for further period of 30 days effect from 25thMay 2024 with enhancement in Charter Hire Rate from USD 55,900 per day to USD 57,900 per day for the extended period.
c)	Size of	~~Agreement /~~Addendum				Charter hire for extended period of 30 days is USD 1.737 million.
d)	Shareholding, if any, in the entity with whom the addendum executed;				~~agreement~~is	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) A TY ed DA .03 30'	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/A~~ddendum; ii) Nature of the~~agreement /A~~ddendum; iii) Date of execution of the~~agreement /A~~ddendum; iv) Details of amendment and impact thereof or reasons of termination and impact thereof;					i) M/S. ZAMIL OFFSHORE SERVICES COMPANY ii) Addendum iii) Date of execution: 3rdJune 2024. iv) Extension of Charter Hire of Vessel “Seamec Swordfish” for further period of 30 days with enhancement in Charter Hire Rate. Other than receipt of Charter Hire payment for the extended period, there is no impact.

SACHIDA NANDA MOHANTY Digitally signed by SACHIDANANDA MOHANTY Date: 2024.06.03 17:18:25 +05'30'

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