Analysts/Institutional Investor Meet/Con. Call Updates

SEAMEC LIMITED A member of MMG l'flJGV,.WAJ..GROJP Regd. Office: A-901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Andheri (East), Mumbai 400 093, India Tel.: +91-22-6694 1800 • Fax: +91-22-6694 1818 • E-mail : contact@seamec.in • CIN : L63032MH1986PLC154910 SEAMEC/BSE&NSE/SMO/ TRANSCRIPT/1011/2026 November 10, 2026 Corporate Relations Department The Manager Listing Department BSE Limited National Stock Exchange of India Limited Phirojee Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East) Mumbai – 400001 Mumbai - 400051 Scrip Code: 526807 Trading Symbol: SEAMECLTD Sub: Transcript of Investors/Analyst Earnings concall held on November 04, 2026 Ref: a. Regulation 30 (read Para A (15) of Schedule III -Part A) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) b. ISIN: INE497B01018 Dear Sir / Madam, In accordance with Regulation 30 read with Schedule III of the Listing Regulations, this is to inform you that the transcript of the concall organized and held on Wednesday, November 4, 2026, in relation to the Unaudited Financial Results of the Company for the quarter and six months ended September 30, 2026 (Q2 FY27) is hereby enclosed. The above is made available on the Company’s website i.e. https://www.seamec.in/ This is for your information and record. Yours Faithfully, For SEAMEC LIMITED S.N. Mohanty President – Corporate Affairs, Legal and Company Secretary Please visit us at: www.seamec.in - Q Q CONTRACTOR MEMBER GIMCA ~ MGMTSYS MGMlSYS 1SO9001:2015 1SO14001:2015 1SO4SO0U018 International Marine Contractors Association Certified by IRQS Av AC0 71 Certified by IRQS AvA C07 1 Certified by IRQS OHSMS 007 'SEAMEC LIMITED A Member or i'l.'.'~6 “Seamec Limited Q2 FY27 Earnings Conference Call” November 04, 2026 C i'I O A L L. SEAMEC LIMITED i"'.'.MS ArihantCop1tol .. fAt'l'l~♦f ,, 'j 1111;1h 1V,t~II MANAGEMENT: MR. NAVEEN MOHTA – WHOLE-TIME DIRECTOR – SEAMEC LIMITED MR. ASHOK VERMA – CHIEF FINANCIAL OFFICER – SEAMEC LIMITED MR. SUNIL GUPTA – HEAD, STRATEGY AND INVESTORS RELATIONS – SEAMEC LIMITED MODERATOR: MR. BALASUBRAMANIAN – ARIHANT CAPITAL MARKETS LIMITED Page 1 of 12 ~ \ SEAMEC LIMITED Seamec Limited ~ A !Me"lbef of C:i November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Seamec Limited Q2 FY27 Earnings Conference Call hosted by Arihant Capital Markets Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Balasubramanian from Arihant Capital. Thank you, and over to you, sir. Balasubramanian: Thank you, sir good morning, everyone. On behalf of Arihant Capital, I welcome you to the earnings of Seamec Limited Q2 FY27 Conference Call. From the management side today, we have Mr. Naveen Mohta, Whole-Time Director; Mr. Ashok Verma, CFO; and Mr. Sunil Gupta, Head of Strategy and Investor Relations. We welcome the management of Seamec on this call. Now I invite Mr. Naveen Mohta sir to give his opening remarks, following which we'll open the floor for Q&A. Over to you, sir. Naveen Mohta: Thank you, Bala. Good afternoon, ladies and gentlemen. On behalf of Seamec, I extend a warm welcome to all our shareholders, investors, analysts and other participants joining us today for our Q2 and H1 FY27 earnings conference call. Thank you for taking the time to be with us and for your continued confidence in the company. The offshore energy sector continue to see a growing focus on domestic energy security and the development of offshore hydrocarbon resources. During the quarter, the Government of India approved the Samudra Manthan National Offshore Exploration Scheme with an outlay of INR 84,084 crores through 2030 to '31. The scheme is aimed at accelerating offshore exploration, supporting deepwater drilling and developing common infrastructure for bringing discoveries into production. We believe this initiative provides an important policy foundation for the development of India's offshore energy sector over the coming years. We also saw encouraging development in exploration activities during the quarter. ONGC announced a gas discovery in the Mahanadi Offshore Basin in September following drilling under the Samudra Manthan initiative. This reinforces the potential of India's offshore basins and the importance of developing the capabilities required to explore and service these fields. ONGC has also outlined significant investment in deepwater and ultra-deepwater exploration that will be carried out over the next 5 years, which could support activity across the wider offshore services value chain. For the offshore services industry, these developments are relevant because exploration and production activities require specialized vessels and technical capabilities at different stages of the fleet's life cycle. In addition to new exploration, inspection, maintenance and repair work on existing offshore infrastructure remains an important area of activity. Our focus is on positioning Seamec to participate in these opportunities while maintaining the operational discipline and service standard expected by our customers. During the quarter, we Page 2 of 12 ~ \ SEAMEC LIMITED Seamec Limited ~ A !Me"lbef of C:i November 04, 2026 also continued to strengthen our fleet capabilities. I'm pleased to share an important development in this regard. Seamec Anant was formally taken over by the company on 14th October 2026 at Kakinada. Subsequently, on 21st October , we signed a long-term charter with HAL Offshore for ONGC's inspection, maintenance and repair assignments. The charter is for approximately 1,225 days with a contract value of approximately USD 55 million excluding GST. The vessel commenced operations under the charter on 21st October. This is an important addition to our fleet. The long-term charter provides revenue visibility over the contracted period, while the deployment strengthen our ability to serve customers in offshore inspection, maintenance and repair activities. As with our other assets, our priorities will be safe operation, reliable execution and effective utilization of the vessel. Our existing fleet continue to support operation across domestic and international markets. We remain focused on operational reliability, preventive maintenance, efficient vessel deployment and maintaining a high safety standards. We also continue to evaluate growth opportunities selectively with an emphasis on demand visibility, the quality of contract and disciplined capital allocation. Looking ahead, we see opportunities arising from India's expanding offshore exploration program, investment in deepwater resources and the ongoing maintenance requirements of existing offshore infrastructure. At the same time, these projects have long development cycles and the timing of the individual opportunities will depend on exploration outcomes, project approvals and customer development schedules. We will, therefore, continue to approach growth with a focus on execution, financial discipline and sustainable returns. With that, I would like to hand over the call to our CFO, Mr. Ashok Verma, who will take you through the company's financial performance for the quarter and half year. Ashok Ji, over to you. Ashok Verma: Thank you. Thank you, Naveenji. Good morning or good afternoon, everyone, and a warm welcome to our Q2 and H1 FY27 earnings call. I'll take you through company's financial performance for the quarter and the first half of the financial year FY27. Starting with our stand-alone performance. Revenue for Q2 FY27 stood at INR183.6 crores compared with INR82.4 crores in Q2 FY26, registering a [Showing first 8,000 characters — download PDF for full document]