SEAMEC has entered into a Memorandum of Agreement (MOA) with M/s. SHIPS & BOATS OIL SERVICES, dated 17 November 2023 for purchase of vessel �SEA DIAMOND�.The purchase price of the vessel will be USD 7,000,000. The acquisition will be around the second week of December, 2023 upon completion of required formalities. Powered by Capital Market - Live News

Net loss of SEAMEC reported to Rs 14.78 crore in the quarter ended September 2023 as against net profit of Rs 16.97 crore during the previous quarter ended September 2022. Sales declined 1.05% to Rs 84.43 crore in the quarter ended September 2023 as against Rs 85.33 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales84.4385.33 -1 OPM %19.2143.54 - PBDT19.1750.57 -62 PBT-14.2519.10 PL NP-14.7816.97 PL Powered by Capital Market - Live News

SEAMEC has entered into an addendum with Posh India Offshore to the subcontract dated 9 March 2023. The addendum is for additional work in pipeline replacement project to be undertaken during the work Season 2023-24. The total value of the additional work will be around Rs. 48.60 crore inclusive of GST. Powered by Capital Market - Live News

SEAMEC has fixed 25 August 2023 as record date for payment of interim dividend of Re 1 per equity share of Rs 10 each. The dividend will be paid on or before 01 September 2023. Powered by Capital Market - Live News

SEAMEC announced that the Board of Directors of the Company at its meeting held on 10 August 2023, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live News