Seamec Limited has informed the Exchange regarding Outcome of Board Meeting held on May 18, 2026.
SEAMECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Seamec Limited reported strong FY2026 results with standalone revenue growing 46% to Rs 9,019 lakhs and profit before tax more than doubling to Rs 2,585 lakhs. Consolidated profit after tax surged nearly 3x to Rs 2,535 lakhs compared to Rs 879 lakhs in FY2025. The Board recommended a 20% dividend (Rs 2 per share) subject to shareholder approval. EPS improved significantly to Rs 98.87 on consolidated basis from Rs 35.26. The company recognized a Rs 1,637 lakh impairment provision for overseas subsidiaries due to geopolitical conditions. Related party transactions with parent HAL Offshore Limited were modified to increase the annual cap from USD 50 million to USD 65 million for charter hire and diving services. G.M. Kapadia & Co. was reappointed as internal auditor for FY 2026-27. Auditors issued unmodified (clean) opinions on both standalone and consolidated financial statements.
Seamec delivered exceptional financial performance with PAT growth of nearly 3x year-on-year, driven by strong domestic and overseas segment performance. The dividend declaration and clean audit provide investor confidence. However, the increased related party transaction cap with parent company warrants monitoring, and the geopolitical-driven impairment on overseas subsidiaries indicates ongoing business risks in those regions.