SEAMECLTD Secures USD 9.42 Million Diving Services Contract with HAL Offshore
Seamec Limited secured a Diving Agreement with HAL Offshore Limited for Diving Subsea Services on the ONGC Vessel “SAMUDRA PRABHA.” The contract is valued at approximately USD 9.42 million (₹78.5 crore), excluding GST. This is a related party transaction executed on an arm's length basis on July 23, 2026.
The contract value is substantial and contributes to the company's revenue stream, indicating a medium impact.
The company has secured a new contract with a significant value, which is positive for its business.
Seamec Limited has entered into a Diving Agreement with HAL Offshore Limited (HAL) for the provision of Diving Subsea Services. The agreement pertains to the ONGC Vessel “SAMUDRA PRABHA,” which is managed by SEAMEC.
The total contract value is approximately USD 9.42 million, excluding Goods and Services Tax (GST). This transaction is classified as a Related Party Transaction, conducted on an Arm's Length basis and in the normal course of business.
HAL Offshore Limited is the promoter of SEAMEC Limited, holding 70.77% of its shareholding. The agreement was executed on July 23, 2026, at 13:53 hours. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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