Seamec Limited has informed the Exchange regarding Proceedings of Postal Ballot along with a copy of minutes.
SEAMECLTD · price
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Seamec Limited completed a postal ballot via remote e-voting on July 10, 2025, covering two special business items. Resolution 1 — approving the purchase of vessel 'SEAMEC ANANT' from its holding company HAL Offshore Limited for USD 70 million — was passed with 74.76% of votes in favour. Resolution 2 — seeking to enhance the monetary cap for charter hire, diving, and allied transactions with HAL Offshore — was defeated, with only 24.99% in favour and 75.01% against. The e-voting was conducted by NSDL, with M/s. Satyajit Mishra & Co. acting as scrutinizer.
Shareholders have approved the $70 million vessel acquisition from the promoter group, enabling Seamec to expand its fleet, but rejected the proposal to raise related-party transaction limits with HAL Offshore, meaning future charter deals with the parent will remain capped at existing levels.