Seamec Limited Announces Financial Results and Key Board Approvals Following Board Meeting
Seamec Limited announced the outcomes of its Board of Directors meeting held on May 18, 2026. The board considered and approved the audited financial results, dividend recommendations, and material modifications to related party transactions for the year and quarter ended March 31, 2026.The company also confirmed that M/s T R Chadha & Co LLP, Chartered Accountants, issued audit reports providing an unmodified opinion on both the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026.
Board Approvals and Recommendations
During the meeting, the Board of Directors approved several key corporate actions:1. Financial Results: The audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were considered and approved.
2. Dividend Recommendation: The board recommended a dividend of 20%, equivalent to Rs. 2 per equity share of Rs. 10 each, for the financial year 2025-26. This payment is subject to approval at the ensuing Annual General Meeting.
3. Related Party Transactions (RPT): The board approved the utilization of diving services from HAL Offshore Limited, at arm's length and in the ordinary course of business.
4. Material Modification of RPT: The board also approved a material modification to the Related Party Transaction with its Parent Company, HAL Offshore Limited. This modification relates to charter hire, diving, and other related transactions and aims to enhance the monetary capping limits from USD 50 million per annum to USD 65 million per annum. This change is subject to shareholder approval.
5. Internal Audit Re-appointment: M/s G.M. Kapadia & Co., Chartered Accountants, were re-appointed as the Company's Internal Auditors for the Financial Year (FY) 2026-27.
Consolidated Financial Results Summary
The audited financial results presented for the year and quarter ended March 31, 2026, showed significant revenue streams across the group.Based on the consolidated statements, total revenue from operations for the year ended March 31, 2026, stood at 95,246 lakhs. The total comprehensive income for the year was 29,364 lakhs.
The key financial figures for the year ended March 31, 2026, are detailed in the following table:
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Total Income (A) | 95,246 lakhs | 65,182 lakhs |
| Total Expenses (B) | 73,075 lakhs | 58,425 lakhs |
| Profit before Tax | 26,926 lakhs | 10,684 lakhs |
| Total Comprehensive Income | 29,364 lakhs | 9,475 lakhs |
Consolidated Balance Sheet Snapshot
As of March 31, 2026, the Group's total equity and liabilities stood at 1,30,377 lakhs.| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Total Assets | ||
| Non-current assets | 1,27,651 lakhs | 1,01,121 lakhs |
| Current assets | 31,221 lakhs | 15,926 lakhs |
| Total Equity and Liabilities | ||
| Equity attributable to owners of the Holding company | 1,30,152 lakhs | 1,00,787 lakhs |
| Non controlling interest | 225 lakhs | 1,30,377 lakhs |
Consolidated Cash Flow Analysis
The cash flow statement highlights the substantial cash generation from operating activities.| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Net cash flow from operating activities | 32,130 lakhs | 29,852 lakhs |
| Net cash from (used in) investing activities | (39,239) lakhs | (16,490) lakhs |
| Net cash from (used in) financing activities | 9,370 lakhs | (11,168) lakhs |
| Net increase/decrease in cash and cash equivalents | 2,261 lakhs | 2,194 lakhs |
| Cash and cash equivalents at the end of the year | 2,746 lakhs | 460 lakhs |
The audit reports confirmed that the Standalone and Consolidated Financial Statements adhere to Indian Accounting Standards (IND AS), giving a true and fair view of the Group’s financial standing for the period.
SEAMECLTD Stock Price Movement
On Monday, Seamec Limited shares shed ₹12.80, declining 0.84% to settle at ₹1492.1. The equity saw considerable movement during the session, handling a total volume of 76,297 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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