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Miscellaneous, Small Cap

SEAMEC has entered into a subcontract with G R Infraprojects for Charter Hire of the company's Vessel ?SEAMEC III? for deploying in second season subsea installation and diving works in Part Replacement Pipeline Project, Pipeline Replacement Project ? Group A (PRP-VIII A) and DSF II Project of Oil and Natural Gas Corporation (ONGC) on lumpsum basis.

The tenure of the subcontract is for 150 days. The total value of the subcontract is approximately USD 16.72 million exclusive of GST.

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The vessel will be used for second season subsea installation and diving works in the part replacement pipeline project (PRP-VIII A) and DSF II project.

The lumpsum subcontract has a tenure of 150 days and is valued at approximately $16.72 million, exclusive of GST. The order was awarded by a domestic entity in the normal course of business, with no promoter interest in ONGC.

The contract does not fall under related party transactions.

Seamec operates in two distinct verticals of the shipping business - offshore support vessels & services and bulk carrier charter business. The company owns six vessels and one barge in the offshore support business wherein the vessels are deployed in the domestic and international market.

GR Infraprojects is engaged in construction of infrastructure facilities on engineering, procurement and construction (EPC) and built, operate and transfer (BOT) basis. Shares of GR Infraprojects rose 0.75% to Rs 1,011.20 on the BSE.

Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held a 58.89% stake in ONGC as of 30 September 2025.

Shares of Oil and Natural Gas Corporation rose 0.38% to Rs 239.38 on the BSE.

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SEAMEC announced that the HAL vessel ?MV GOODMAN? after completion of its repairs has been on hired with effect from 22 November 2025 at 14:00 hrs.

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SEAMEC announced that its barge ?SEAMEC GLORIOUS? has been on hired on 13 November 2025 at 13:00 hours.

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