Seamec Ltd Approves USD 70 Million Vessel Purchase from HAL Offshore Limited

Seamec Ltd, in a Board Meeting on June 3, 2025, approved the purchase of the Vessel 'SEAMEC ANANT' from HAL Offshore Limited, its Holding Company, at a price of USD 70 million, subject to shareholder approval. The Company plans to charter the Vessel to HAL Offshore Limited for marine activities at a day rate of USD 45,000. This transaction will be a related party transaction. The Board also approved a postal ballot notice and calendar of events, seeking shareholder approval for the purchase and a material modification to the related party transaction with HAL Offshore Limited, increasing the monetary capping limits from USD 30 million p.a to USD 60 million p.a. The meeting commenced at 14 07 hours and concluded at 14 20 hours.