Seamec Ltd — Capital/Financing Update 2024

Apr 1, 2024

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SEAMEC/NSE/SMO/SIFZE/0104/2024

April 1, 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

Dear Sir / Madam,

We wish to inform you that the Company has entered into an Agreement dated 1[st] April, 2024 with SEAMEC International FZE, the Wholly Owned Subsidiary for granting loan amounting to USD 3,351,626 equivalent to AED 12,300,468.

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.

Date and time of occurrence of event: April 1, 2024 at 17:44 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: 2024.04.01 MOHANTY 17:58:11 +05'30'

S.N. Mohanty

President – Corporate Affairs, Legal and Company Secretary

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ANNEXURE

SACHIDA NANDA MOHANTY Digitally signed by SACHIDANANDA MOHANTY Date: 2024.04.01 17:58:39 +05'30'	Sr. No.	Description	Remarks
	a)	Name(s) of parties with whom the agreement is entered	SEAMEC International FZE (SIFZE)
	b)	Purpose of entering into the agreement	To provide financial assistance to SIFZE for partly financing the sale of the Vessel SEAMEC Gallant.
	c)	Size of Agreement	USD 3,351,626 equivalent to AED 12,300,468
	d)	Shareholding, if any, in the entity with whom the agreement is executed;	SEAMEC Limited holds 100% of the shares in SIFZE
	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.	Yes, SIFZE is the wholly owned subsidiary of SEAMEC Limited
	g)	Whether the transaction would fall within Related Party Transactions? If yes, whether the same is done at “arm’s length”	Yes and it is on Arm’s Length.
	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	Lender – SEAMEC Limited Borrower – SIFZE Nature of loan – Unsecured Total amount of loan – USD 3,351,626 equivalent to AED 12,300,468 Total amount outstanding – USD 3,351,626 equivalent to AED 12,300,468 Date of execution of loan agreement – April 1, 2024 Details of the security provided – None, unsecured loan This transaction is considered material since it exceeds the threshold limits prescribed under Regulation 30 of the SEBI LODR Regulations.
	j)	Any other disclosures related to such agreements, viz, details of nominee on the board of directors of the listed entity, potential	NA

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	conflict of interest arising out of such agreement, etc;
k)	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;	NA

Digitally signed SACHIDA by NANDA SACHIDANANDA MOHANTY MOHANTY Date: 2024.04.01 17:59:00 +05'30'

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