Consolidated Q2 revenue rose 103% to ₹198.1 Cr and EBITDA to ₹38.3 Cr from ₹7.8 Cr. Growth came from fleet additions and deployment; management hedged on the timing of new contracts.
Seamec's vessel SEAMEC II was onhired from November 1, 2026 for the PRP-8A and DSF 2 project. No contract value or client was disclosed in this filing.
Seamec's vessel SEAMEC SWORDFISH was taken off-hire from 24 October 2026 due to a technical breakdown. The company is redressing the fault on priority and will update on resumption.
Seamec Limited secured a contract with HAL Offshore Limited to charter the 'SEAMEC ANANT' vessel for ONGC operations, valued at approximately USD 55 million (Rs. 517 Crore).
Seamec Limited has successfully taken over the vessel 'SEAMEC ANANT' from HAL Offshore Limited at Kakinada. The acquisition of this asset is now officially complete.
CRISIL reaffirmed Seamec's Long Term Rating at A+/Stable and Short Term at A1. The rated bank facility size was enhanced from Rs.863 Crore to Rs.883 Crore.
Seamec Ltd has recused the vessel SAMUDRA PRABHA from its project starting October 05, 2026. The vessel will undergo statutory dry docking for maintenance.
Seamec Limited secured a charter contract from G R Infraprojects Ltd for its vessel "SEAMEC II," valued at approximately USD 19.02 million (approx. ₹182.59 Crore).
Seamec Limited held its 39th AGM on September 25, 2026. Shareholders approved financial statements, a Rs. 2 per share dividend, and various director appointments.
CRISIL Ratings has revised the long-term rating to Crisil A+/Stable and reaffirmed the short-term rating at Crisil A1 for Seamec Limited's bank facilities.
Seamec Limited announced the completed sale of the bulk carrier vessel "SEAMEC GALLANT," which was owned by its wholly owned subsidiary, Seamec International FZE.
Seamec Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 in accordance with SEBI listing regulations.
Seamec Limited has submitted its Integrated Annual Report for the financial year 2025-26, including the notice for the 39th Annual General Meeting to the exchanges.
Seamec Ltd has announced its 39th Annual General Meeting to be held on September 25, 2026. The meeting will address financial statements, dividends, and director appointments.
Seamec Limited shareholders approved a special resolution for the sale, disposal, or leasing of assets exceeding 20% of its material subsidiary's assets via postal ballot.
Seamec Ltd successfully completed the statutory drydocking of its barge, 'SEAMEC GLORIOUS'. Future deployment details for the vessel will be announced in due course.
Seamec Limited entered a consortium agreement with Supreme Hydro Engineering for diving technical support on an ONGC vessel, valued at approximately ₹13.21 Crore.
Seamec Ltd has entered a consortium agreement with Supreme Hydro Engineering Pvt. Ltd. for diving technical support on the ONGC vessel 'Samudra Prabha'. The contract is valued at USD 1.39 million.
Seamec entered a consortium agreement with Supreme Hydro Engineering for diving technical expertise support on the Samudra Sevak vessel. The contract value is approximately ₹13.97 crore.
Seamec delivered strong 41% revenue growth driven by vessel deployment, yet PAT remained flat YoY, suggesting rising operational costs and non-vessel utilization issues like the Paladin delay.
ALFA Finder