Seamec Limited has informed the Exchange about Execution of Addendum with Larsen & Toubro Limited - Extension of Charter of Vessel SEAMEC GLORIOUS
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Seamec Limited has executed an addendum with Larsen & Toubro Limited to extend the charter hire period for vessel SEAMEC GLORIOUS till May 15, 2026. The charterer also has an option to extend further on a day-to-day basis for up to 15 additional days. The total value of this extension period is Rs. 6,54,07,500 (approximately Rs. 6.54 crore), exclusive of GST. This is a continuation of an existing charter arrangement originally dated October 15, 2025. The company states there is no impact from this amendment.
This is a routine contract extension that maintains an existing revenue-generating arrangement with a blue-chip client like L&T. The charter extension value of Rs. 6.54 crore provides near-term revenue visibility for the vessel through mid-May 2026.