Seamec Ltd holds 39th AGM; re-appoints Naveen Mohta, appoints Rajesh Kumar Yaduvanshi
Seamec Limited's 39th AGM on September 25, 2026, approved the re-appointment of Naveen Mohta as Whole-Time Director for five years and appointed Dr. Rajesh Kumar Yaduvanshi as Non-Executive Independent Director for five years. The company declared a 20% dividend for FY26 and enhanced transaction limits with its holding company.
The re-appointment of a Whole-Time Director and the appointment of an Independent Director, along with dividend declaration, are significant for corporate governance and shareholder returns, impacting the company's stability and investment appeal.
The announcement details the successful completion of the AGM with key appointments and dividend declaration, which are generally positive for shareholder confidence.
Seamec Limited held its 39th Annual General Meeting (AGM) today, September 25, 2026, commencing at 4:00 PM and concluding at 5:05 PM, conducted via Video Conferencing.
During the AGM, shareholders approved the re-appointment of Mr. Naveen Mohta as Whole-Time Director for a further period of five consecutive years, effective from September 1, 2026, to August 31, 2031. Mr. Mohta, a qualified Chartered Accountant and Cost and Works Accountant, brings over 26 years of experience, including 25 years with HAL Offshore Limited.
Furthermore, Dr. Rajesh Kumar Yaduvanshi was appointed as a Non-Executive and Independent Director for a first term of five consecutive years, from August 13, 2026, to August 12, 2031. Dr. Yaduvanshi is a career banker with over 35 years of experience in various leadership roles.
The AGM also saw the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. A dividend of 20% (Rs. 2 per equity share of Rs. 10 each) for FY 2025-26 was declared and approved. Mr. Sanjeev Agrawal was re-appointed as a Director, retiring by rotation.
Shareholders also granted approval to enhance the monetary cap for transactions with HAL Offshore Limited, the holding company, for charter hire of vessels and allied activities until the AGM in 2030. The payment of remuneration to Non-Executive Independent Directors, up to 0.5% of net profits annually for five years from FY 2026-27, was also approved.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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