Announced Thu, 16 Jul · 12:14 IST
Postal Ballot for sale of vessel SEAMEC GALLANT by subsidiary
Board & Shareholder Meetings View source PDF
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹1425.50
prior close
₹1427.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1—-0.1-3.7-4.2-4.0-3.7-1.7-1.1————
Up moveDown movePending
AI summary
Seamec Limited is seeking shareholder approval via postal ballot to sell vessel SEAMEC GALLANT, owned by its wholly owned subsidiary Seamec International FZE (UAE), for USD 9.5 million to BO YUAN HAN Limited (Hong Kong). The 15-year-old Panamax bulk carrier sale exceeds 20 percent of subsidiary assets, triggering the need for a Special Resolution under SEBI Regulation 24(6). E-voting runs July 17 to August 15, 2026, with results by August 18.
Likely market impact
If approved, subsidiary gets USD 9.5 million cash to redeploy and exits an aging Panamax vessel with weak demand. Mildly positive for shareholders.