Seamec Limited Announces 39th AGM on Sept 25, 2026, with Dividend Declaration
Seamec Limited will hold its 39th AGM on September 25, 2026. The meeting will consider the FY26 financial statements and declare a dividend of ₹2 per equity share. Key agenda items include director appointments, re-appointment of Naveen Mohta as Whole Time Director, and approval of remuneration for Non-Executive Independent Directors.
The AGM notice details several significant corporate actions including dividend declaration, director appointments, and remuneration approvals, which are material for shareholders and the company's governance.
The announcement is a routine notice for an AGM, including standard agenda items like financial statement adoption, dividend declaration, and director appointments. While these are important corporate actions, they do not present unexpected positive or negative news.
Seamec Limited has announced its 39th Annual General Meeting (AGM) for the financial year 2025-26, scheduled to be held on Friday, September 25, 2026, at 4:00 p.m. IST through Video Conference/Other Audio-Visual Means.
The meeting will consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. A significant agenda item includes the declaration of a dividend at the rate of ₹2 per equity share of ₹10 each for FY 2025-26.
The AGM will also address the appointment of a Director in place of Mr. Sanjeev Agrawal, who retires by rotation and offers himself for re-appointment. Special business includes enhancing the monetary cap for transactions with HAL Offshore Limited pertaining to charter hire of vessels and diving activities, and the re-appointment of Mr. Naveen Mohta as a Whole Time Director for a further period of five years from September 1, 2026, to August 31, 2031, along with fixing his remuneration.
Furthermore, the appointment of Dr. Rajesh Kumar Yaduvanshi as a Non-Executive Independent Director for a term of five consecutive years from August 13, 2026, to August 12, 2031, will be considered. The meeting will also seek approval for the payment of overall remuneration to Non-Executive Independent Directors, capped at 0.5% of net profits for a period of five years starting from FY 2026-27.
The Integrated Annual Report for FY 2025-26 is available on the company's website. The notice of the AGM, along with detailed explanatory statements for the proposed resolutions, has been dispatched to shareholders and is also available on the websites of BSE, NSE, and NSDL.
A plain-language summary of a public exchange filing by Seamec Limited. Read the original for the full detail.