Seamec Limited — Others, 10-07-2025: Shareholders meeting

SEAMEC has announced the approval by shareholders for purchasing the vessel SEAMEC ANANT from its holding company, HAL Offshore Limited, for USD 70 million. This acquisition will expand SEAMEC’s fleet and operational capacity. However, the proposal to enhance the monetary cap for charter hire and allied transactions with HAL Offshore was rejected by shareholders. The vessel purchase approval supports SEAMEC’s growth strategy, while the rejection of the transaction cap increase indicates shareholder caution on related-party dealings.