Seamec Limited — Important, 24-03-2025: Memorandum of Understanding/Agreements

SEAMEC Limited has entered into a subcontract agreement with Posh India Offshore Private Limited for installation works related to the Pipeline Replacement Project VIII and the Daman Upside Development Project, valued at approximately USD 5.61 million, exclusive of GST. The contract is expected to be executed by May 2026, enhancing SEAMEC’s operational capabilities in the oil and gas sector. This strategic move could bolster revenue streams, potentially creating a positive outlook among investors as the company's involvement in significant projects may improve its competitive positioning and financial stability.