Re-appointment of M/s. G M Kapadia & Co, Chartered Accountant as Internal Auditors for the FY 2026-27
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Seamec Ltd reported strong audited results for FY 2025-26. Standalone revenue grew 46% to Rs 90,194 lakhs from Rs 61,733 lakhs, while consolidated revenue rose 46% to Rs 95,246 lakhs. Standalone net profit doubled to Rs 24,235 lakhs from Rs 11,555 lakhs, with EPS at Rs 95.30. The Board recommended a 20% dividend (Rs 2 per share) subject to shareholder approval. Key decisions included approval for related party transactions with HAL Offshore Limited and enhancing their monetary cap from USD 50 million to USD 65 million annually. M/s G.M. Kapadia & Co was re-appointed as Internal Auditors for FY 2026-27. Auditors issued unmodified opinions on both standalone and consolidated financials. The overseas segment showed significant improvement, growing from Rs 5,859 lakhs to Rs 15,651 lakhs in revenue.
The company delivered exceptional YoY growth with profit doubling, which is positive for shareholders. The dividend recommendation provides income visibility. The enhanced related party transaction limits with HAL Offshore suggest continued business reliance on the parent entity. The clean audit opinion adds credibility to the financial results.