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SEAMEC Ltd.

BSE: 526807 Sector: Infrastructure
NSE: SEAMECLTD ISIN Code: INE497B01018
BSE 00:00 | 01 Feb 736.15 -58.80
(-7.40%)
OPEN

802.30

HIGH

802.30

LOW

718.05

NSE 00:00 | 01 Feb 730.95 -64.45
(-8.10%)
OPEN

807.75

HIGH

807.75

LOW

717.80

OPEN 802.30
PREVIOUS CLOSE 794.95
VOLUME 566
52-Week high 1423.95
52-Week low 718.05
P/E 26.20
Mkt Cap.(Rs cr) 1,872
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 802.30
CLOSE 794.95
VOLUME 566
52-Week high 1423.95
52-Week low 718.05
P/E 26.20
Mkt Cap.(Rs cr) 1,872
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

SEAMEC Ltd. (SEAMECLTD) - Chairman Speech

Company chairman speech

derived from Offshore Shipping and Subsea Segment.

We have successfully diversified to Main Fleet Shipping business whichcommenced in 2017. We have a vessel portfolio of four Bulk Carriers owned by us and ourSubsidiaries. The foray in this line of business was aimed to de-risk the business. It hasstarted paying off. The market dynamics in the Bulk Carrier business come with theassurance for potential future growth.

The infrastructure is a total unrelated diversification primarilyaimed to have presence in the diversified activity and also to de-risk the business. TheJoint Venture Company formed in this regard is on its Maiden Venture. The year gone by hashad some challenges but we successfully overcame them with strong acumen will andvigour. We have strong hope to move further with unbeatable tempo. We remain Confident andwe would continue to cherish our Vision and outlook for Offshore Oil and Gas Industry. Wetake pride in having earned client trust as we consistently provide solutions that workto improve our Safety and prevent risk. Our Vision is to attain a more amplified Globalpresence in sustainable Oil and Gas support services in providing the Diving SupportVessels expand in the Main Fleet with desired growth and execute Infra projects andbecome a diversified Conglomerate. We act as Responsible Corporate Citizens and contributeto Corporate Social Responsibility activities as per regulatory requirements. I thank allour key stakeholders and all our employees for their dedicated support and efforts.

The Shadow of COVID-19 looms in 2022 invoking uncertainty in the Oiland Gas Market. The Global Oil Industry is still facing major challenges over demandsupply investment strategies and business models. The energy market disruption initiallyfrom COVID-19 has driven its impact on the Global Oil demand and then the Oil supplysurge. The emergence of geo-political scenarios due to the War in Eastern Europe hascaused visible impact on the Global Oil & Gas Industry. There have been publiclyannounced capex budget cuts by major international players. Operational Challenges forIndustry have grown up in many areas such as crew mobility port acceptance revisionsin regulatory compliance delivery of ships and activation of contractual clauses. InIndia ONGC one of the largest Oil majors is to continue to produce Oil for next decade.ONGC plans a significant investment in order to shore Oil production in our country. As aresult there is an effort to revamp existing facilities hire modern rigs and vesselsfull scale IMR activities and other subsea activities. The Government of India is alsopursuing a strong transformative policy in the petroleum sector which would envisage adistinct change in the Oil and Gas Industry. Our activities are broadly under threecategories viz; Offshore Subsea Shipping Main Fleet Shipping and Infrastructure. InOffshore Subsea Shipping we are the leading providers of Offshore Oilfield Services. Weown and operate four Diving Support Vessels and one Accommodation Barge facilitatingcomplex Subsea operations and acting as a critical support to the Oil and Gas Sector. TheBulk of the top-line and bottom line is

Warm Regards

Sanjeev Agrawal

Chairman

.