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Seamec MD, chairman, board of directors and AGM

NSE: SEAMECLTDBSE: 526807Transport ServicesSmall Cap

Formerly South East Asia Marine Engineering & Construction
Last close ₹1,532.30down ₹42.40 (2.69%)BSE ₹1,529.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,574.70.

52-week range of traded prices to 23 Oct 2026
₹771.75Low, 10 Nov 2025₹1,849.00High, 11 Sep 2026
Market cap
₹3,896 Cr913th largest listed
P/E
15.2
P/B
3.0
Dividend yield
0.13%
ROE
22.2%
ROCE
15.5%
Debt to equity
0.25
Volume, NSE
48,71048.8% delivered

Seamec board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSANJEEV AGRAWALRelated to the promoter
  • Company Secretary and Compliance OfficerSachidananda Mohanty

6 directors3 independent1 executive2 non-executive

  • SANJEEV AGRAWAL · ChairpersonNominee, non-executive · joined Jun 2014 · 2 listed boards · 3 committee seats
  • RUBY SRIVASTAVAIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • RAGHAV CHANDRAIndependent · joined May 2024 · reappointed May 2024 · 25 months as independent · 6 listed boards · 6 as independent · 6 committee seats, 1 as chair
  • AMARJIT CHOPRAIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 4 committee seats, 3 as chair
  • NAVEEN MOHTAExecutive · joined Nov 2017 · reappointed Sep 2021 · 1 listed board · 2 committee seats
  • RAJEEV GOELNon-executive · joined Feb 2025 · reappointed Feb 2025 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • SUBRAT DAS, left 11 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 18 May 20266 of 6 present3 independent · 107 days in between
    • 30 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair RUBY SRIVASTAVA

    AMARJIT CHOPRA, RAJEEV GOEL

    • 18 May 20264 of 4 present3 independent · 66 days in between
    • 12 Mar 20264 of 4 present3 independent · 40 days in between
    • 30 Jan 20264 of 4 present3 independent · 1 day in between
    • 28 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair RAGHAV CHANDRA

    SANJEEV AGRAWAL, RUBY SRIVASTAVA

    • 18 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair RUBY SRIVASTAVA

    SANJEEV AGRAWAL, NAVEEN MOHTA

    • 26 Feb 20262 of 3 present1 independent

  • Risk Management Committee

    Chair RAGHAV CHANDRA

    RUBY SRIVASTAVA, AMARJIT CHOPRA, NAVEEN MOHTA, RAJEEV GOEL, VINAY KUMAR AGARWAL, SACHIDANANDA MOHANTY

    • 26 Feb 20265 of 6 present3 independent

  • Corporate Social Responsibility Committee

    Chair NAVEEN MOHTA

    SANJEEV AGRAWAL, RUBY SRIVASTAVA, RAGHAV CHANDRA

    • 18 May 20265 of 5 present3 independent · 59 days in between
    • 19 Mar 20264 of 5 present2 independent · 47 days in between
    • 30 Jan 20264 of 5 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • T R Chadha & Co LLPPeer-review certificate valid to Sep 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Seamec AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Seamec dividend history

Annual general meeting, 25 Sep 2026

19,283 shareholders on the register on 18 Sep 2026; present: 1 promoter and 52 others; votes counted by Satyajit Mishra / M/s Satyajit Mishra & Co.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt a. Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon. b. Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of Auditors thereon.MoreLess
    Ordinary
    98.09% for1.91% against

    Against: promoters 0.00% · institutions 24.25% · other public 0.07%

    Turnout: all 79.16% · promoters 100.00% · institutions 52.91% · other public 1.43%

  2. To declare a dividend at the rate of 20% i.e. Rs.2 per equity share of Rs.10 each for the FY ended March 31, 2026. Ordinary Resolution
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 79.16% · promoters 100.00% · institutions 52.91% · other public 1.43%

  3. To appoint a Director in place of Mr. Sanjeev Agrawal DIN 00282059, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.58% for2.42% against

    Against: promoters 0.00% · institutions 29.97% · other public 1.41%

    Turnout: all 77.21% · promoters 97.32% · institutions 52.91% · other public 1.43%

  4. Enhancement of monetary cap for transactions pertaining to charter hire of vessels, diving and allied activities with HAL Offshore Limited.
    OrdinaryPromoters have an interest in it
    76.58% for23.42% against

    Against: promoters 0.00% · institutions 24.25% · other public 0.07%

    Turnout: all 6.44% · promoters 0.00% · institutions 52.91% · other public 1.43%

  5. Re-appointment of Mr. Naveen Mohta DIN 07027180 as a Whole Time Director for a further period of 5 consecutive years and to fix his remuneration.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 79.16% · promoters 100.00% · institutions 52.91% · other public 1.43%

  6. Appointment of Dr. Rajesh Kumar Yaduvanshi DIN 07206654 as a Non-Executive Independent Director for the first term of 5 (five) consecutive years from August 13, 2026 to August 12, 2031
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 79.16% · promoters 100.00% · institutions 52.91% · other public 1.43%

  7. Payment of overall remuneration to the Non-Executive Independent Directors of the Company.
    Ordinary
    92.62% for7.38% against

    Against: promoters 0.00% · institutions 93.91% · other public 0.25%

    Turnout: all 79.16% · promoters 100.00% · institutions 52.91% · other public 1.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Aug 2026, 1 resolution

18,338 shareholders on the register on 10 Jul 2026; votes counted by Satyajit Mishra / M/s Satyajit Mishra & Co.The company's voting result (opens in a new tab)

  1. Approval for sale, disposal or lease of assets exceeding 20% of the assets held by the material subsidiary of the Company.
    Special
    93.87% for6.13% against

    Against: promoters 0.00% · institutions 91.83% · other public 0.32%

    Turnout: all 69.65% · promoters 89.11% · institutions 45.42% · other public 1.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Jul 2026, 1 resolution

18,338 shareholders on the register on 10 Jul 2026; votes counted by Satyajit Mishra / M/s Satyajit Mishra & Co.The company's voting result (opens in a new tab)

  1. Approval for sale, disposal or lease of assets exceeding 20% of the assets held by the material subsidiary of the Company.
    Special
    93.87% for6.13% against

    Against: promoters 0.00% · institutions 91.83% · other public 0.32%

    Turnout: all 69.65% · promoters 89.11% · institutions 45.42% · other public 1.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Oct 2025, 1 resolution

17,502 shareholders on the register on 19 Sep 2025; votes counted by Satyajit Mishra / M/s Satyajit Mishra & Co.The company's voting result (opens in a new tab)

  1. Enhancement of monetary cap for transactions pertaining to Charter Hire of Vessels, diving and allied activities with HAL Offshore Limited
    OrdinaryPromoters have an interest in it
    99.14% for0.86% against

    Against: promoters 0.00% · institutions 1.79% · other public 0.01%

    Turnout: all 9.13% · promoters 0.00% · institutions 58.36% · other public 24.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Aug 2025, 3 resolutions

17,535 shareholders on the register on 7 Aug 2025; present: 2 promoters and 54 others; votes counted by Satyajit Mishra / M/s Satyajit Mishra & Co.The company's voting result (opens in a new tab)

  1. a) To consider and adopt Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; b) To consider and adopt Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of Auditors thereon.MoreLess
    Ordinary
    93.83% for6.17% against

    Against: promoters 0.00% · institutions 83.86% · other public 0.40%

    Turnout: all 78.22% · promoters 99.92% · institutions 64.20% · other public 1.14%

  2. To appoint a Director in place of Mr. Naveen Mohta (DIN: 07027180) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 78.22% · promoters 99.92% · institutions 64.20% · other public 1.14%

  3. To consider and approve the appointment of M/s Satyajit Mishra & Co., Company Secretaries in Practice as the Secretarial Auditor of the Company for the first term of 5 (five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the Forty Third Annual General Meeting to be held in the year 2030.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.37%

    Turnout: all 78.22% · promoters 99.92% · institutions 64.20% · other public 1.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Jul 2025, 2 resolutions

16,911 shareholders on the register on 30 May 2025; votes counted by SATYAJIT MISHRA / M/s Satyajit Mishra & Co.The company's voting result (opens in a new tab)

  1. Approval for purchase of Vessel SEAMEC ANANT from HAL Offshore Limited, the Holding Company.
    OrdinaryPromoters have an interest in it
    74.76% for25.24% against

    Against: promoters 0.00% · institutions 26.72% · other public 7.33%

    Turnout: all 6.84% · promoters 0.00% · institutions 66.32% · other public 2.87%

  2. Enhancement of monetary cap for transactions pertaining to Charter Hire of Vessels, diving and allied activities with HAL Offshore Limited
    OrdinaryNot passedPromoters have an interest in it
    24.99% for75.01% against

    Against: promoters 0.00% · institutions 80.39% · other public 9.67%

    Turnout: all 6.84% · promoters 0.00% · institutions 66.32% · other public 2.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Mar 2025, 1 resolution

17,101 shareholders on the register on 7 Feb 2025; votes counted by Satyajit Mishra / Satyait Mishra and Co.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rajeev Goel as a Non Executive Director of the Company, liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.98%

    Turnout: all 79.18% · promoters 99.92% · institutions 70.59% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Oct 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Dr. Amarjit Chopra (DIN: 00043355) as a Non-Executive and Independent Director of the Company for a term of 5 (five) consecutive years from August 8, 2024 to August 7, 2029
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.57%

    Turnout: all 78.68% · promoters 99.92% · institutions 60.45% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 30 Oct 2025, 4 fund houses

  • Enhancement of monetary cap for transactions pertaining to Charter Hire of Vessels, diving and allied activities with HAL Offshore Limited
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund
    • LIC Mutual FundConcerns over Omnibus approval sought for more than 1 year. Non-Compliant with RPT Industry Standards: Non-disclosure of required information (including basis for determination of price and other details) as per the RPT Industry Standards mandated by SEBI. Governance & Transparency Concern: Inadequate rationale for proposed increase in RPT limit; No justification as to how proposed transactions are in the interest of the Company.
    • Motilal Oswal Mutual FundNon-Compliant with SEBI LODR Regulations: Omnibus approval sought for more than 1 year. Non-Compliant with RPT Industry Standards: Non-disclosure of required information (including basis for determination of price and other details) as per the RPT Industry Standards mandated by SEBI. Governance & Transparency Concern: Inadequate rationale for proposed increase in RPT limit; No justification as to how proposed transactions are in the interest of the Company.
    2 for2 against

Mutual fund votes, meeting of 14 Aug 2025, 4 fund houses

  • a) To consider and adopt Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; b) To consider and adopt Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Report of Auditors thereon.MoreLess
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • LIC Mutual FundConcerns over Non-disclosure of financial statements of Subsidiaries on the website of the Company.
    • Motilal Oswal Mutual FundUnqualified financial statements (except non-material observations in CARO). Non-Compliant with Companies Act, 2013 and Regulation 46(2)(s) of SEBI LODR: Non-disclosure of financial statements of Subsidiaries on the website of the Company.
    • Nippon India Mutual FundNon-Compliant with Companies Act, 2013 and Regulation 46(2)(s) of SEBI LODR: Non-disclosure of financial statements of Subsidiaries on the website of the Company.
    1 for3 against
  • To appoint a Director in place of Mr. Naveen Mohta (DIN: 07027180) who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
  • To consider and approve the appointment of M/s Satyajit Mishra & Co., Company Secretaries in Practice as the Secretarial Auditor of the Company for the first term of 5 (five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the Forty Third Annual General Meeting to be held in the year 2030.MoreLess
    4 for0 against
3 earlier meetings

Mutual fund votes, meeting of 10 Jul 2025, 3 fund houses

  • Approval for purchase of Vessel SEAMEC ANANT from HAL Offshore Limited, the Holding Company.
    Against LIC Mutual Fund
    • LIC Mutual FundConcerns over Non disclosures on the basis of pricing and valuation of consideration. Inadequate disclosures on justification as why the transaction is in the interest of the Company.
    2 for1 against
  • Enhancement of monetary cap for transactions pertaining to Charter Hire of Vessels, diving and allied activities with HAL Offshore Limited
    Against LIC Mutual Fund, Nippon India Mutual Fund
    • LIC Mutual FundConcerns based on the Omnibus approval sought for more than 1 year. Governance & Transparency concern: Basis of Pricing not disclosed. Significant increase proposed for RPTs, no adequate justification provided. No explanation on the proposed transaction as why it is in the interest of the Company.
    • Nippon India Mutual FundNon-compliant with SEBI LODR Regulations
    1 for2 against

Mutual fund votes, meeting of 18 Mar 2025, 3 fund houses

  • Appointment of Mr. Rajeev Goel as a Non Executive Director of the Company, liable to retire by rotation
    3 for0 against

Mutual fund votes, meeting of 22 Oct 2024, 3 fund houses

  • Appointment of Dr. Amarjit Chopra (DIN: 00043355) as a Non-Executive and Independent Director of the Company for a term of 5 (five) consecutive years from August 8, 2024 to August 7, 2029
    3 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeOffice of the Commissioner of GST & Central Excise Mumbai East CommissionerateSince 11 Apr 2016
    Matter Pending for hearing with Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai -9
    At the filing before: F Y 2014-15 Demand – Rs. 2,05,13,289 Penalty - Rs. 20,51,329 Interest - As applicable Addn. penalty - Rs. 10,000. Demand raised for free supply of fuel
  • Tax disputeOffice of the Commissioner of GST & Central Excise Mumbai East CommissionerateSince 26 Jul 2017
    Matter Pending for hearing with Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai -9
    At the filing before: F Y 2015-16 Demand – Rs. 3,85,14,042 Penalty - Rs. 38,51,404 Interest - As applicable Addn. penalty - Rs. 10,000 Demand raised for free supply of fuel
  • Tax disputeOffice of the Commissioner of GST & Central Excise Mumbai East CommissionerateSince 26 Apr 2019
    Department has initiated Appeal against this Order which is Pending for Hearing
    At the filing before: Demand – Rs. 2,25,34,073 Penalty – Rs. 22,53,407 Interest – As applicable. Demand has been dropped by Principal Commissioner of GST & Central Excise, Mumbai East Commissionrate vide its order Dated: 19.02.2021MoreLess
  • Tax disputeOffice of the Joint Director Jurisdiction: Mumbai Zonal Unit, State/UT: MaharashtraSince 9 Dec 2025
    Department has issued SCN and the Company has responded to the SCN
    At the filing before: Demand – Rs. 4,16,33,864 Penalty – Rs. 4,16,33,864 Interest – Rs. 4,16,33,864 Demand raised for RCM on MRO Services from Non Taxable territories.
  • Tax disputeThe Joint Commissioner (ST), Mumbai Zone 4, Mumbai NorthSince 12 Dec 2025
    Seamec Limited has filed GST appeal against Rectification Order.
    At the filing before: Demand –NIL Penalty – As applicable Interest – Rs. 18,16,543 Demand raised for Interest on RCM Liability paid on Address fee / commission, Adjustment of Turnover, etc.
  • Tax disputeAppellate TribunalSince 6 Apr 2026
    Order of appeal filed to Appellate Tribunal against Order issued U/s 263 of the Income Tax Act,1961 has been received in our favor while Appeal filed with Commissioner of Income Tax (Appeals) against order U/s 143(3) is still pendingMoreLess
    At the filing before: Demand –As applicable Penalty – As applicable Interest – As applicable Income addition made by Rs. 1,75,000 for Deduction made U/s 80G in Income Tax Return of Asst Y 2020-21

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.