How does the sale price compare to Seamec's market cap?

The sale price of $9.5M (₹76 crore) is roughly 2% of Seamec's market capitalization of ₹3,783 crore, making it a material asset monetization.

Why does the sale require shareholder approval?

Indian company law mandates a special resolution for significant asset sales. The board has recommended the transaction be put before shareholders at the AGM.

Who is the buyer, Bo Yuan Han Limited?

Bo Yuan Han is a Hong Kong-based entity. The cross-border nature introduces foreign currency and counterparty considerations.

Could this vessel be the previously flagged stranded one?

The company warned of a stranded vessel in its FY26 results. While the filing does not explicitly confirm, the timing and context suggest SEAMEC GALLANT may be that vessel.

Shipping · Small cap

Seamec sells SEAMEC GALLANT for $9.5M, seeks shareholder nod

The vessel sale, at about ₹76 crore, represents around 2% of the company's market cap and may improve liquidity.

— 1 earlier story on Seamec Ltd. →

SEAMECLTD By Tipsheet Editorial 14 Jul 2026 · 6:45 PM IST Verify on BSE · NSE

Mkt cap₹3,783 cr

P/E15.05×

ROE8.89%

Debt / eq.0.21

Div yld0.14%

USD 9.5M (₹76 cr) Gross consideration for vessel sale

What's new

Board approved sale of vessel SEAMEC GALLANT to Bo Yuan Han Ltd for $9.5M.
Transaction requires special resolution at upcoming AGM.
Vessel owned by wholly-owned subsidiary SEAMEC International FZE.

Why this matters

Selling a vessel at 2% of market cap boosts cash and alters fleet. The need for shareholder approval adds a layer of scrutiny. It could be part of resolving the stranded vessel issue flagged in earlier results.

What we're watching

Shareholder vote on the resolution.
Any details on use of proceeds.
Impact on fleet composition and revenue capacity.

The full read

Seamec is selling a vessel for $9.5M (≈₹76 crore), about 2% of its ₹3,783 crore market cap. The board has approved the sale of SEAMEC GALLANT to Hong Kong-based Bo Yuan Han Limited; shareholders must now pass a special resolution at the AGM. The company recently reported record revenue of ₹1,000 crore but flagged a stranded vessel — this sale could be the resolution. The cash injection will improve liquidity and alter fleet composition, though the buyer's profile and currency exposure merit attention. A clean monetisation if shareholder approval comes through.

Questions answered

How does the sale price compare to Seamec's market cap?: The sale price of $9.5M (₹76 crore) is roughly 2% of Seamec's market capitalization of ₹3,783 crore, making it a material asset monetization.
Why does the sale require shareholder approval?: Indian company law mandates a special resolution for significant asset sales. The board has recommended the transaction be put before shareholders at the AGM.
Who is the buyer, Bo Yuan Han Limited?: Bo Yuan Han is a Hong Kong-based entity. The cross-border nature introduces foreign currency and counterparty considerations.
Could this vessel be the previously flagged stranded one?: The company warned of a stranded vessel in its FY26 results. While the filing does not explicitly confirm, the timing and context suggest SEAMEC GALLANT may be that vessel.

Mentioned: Seamec Ltd · SEAMEC GALLANT · Bo Yuan Han Limited

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SEAMECLTD →

14 Jul 2026 · 6:45 PM IST Seamec sells SEAMEC GALLANT for $9.5M, seeks shareholder nod
49d ago Seamec hits record revenue of ₹1,000 cr but warns of stranded vessel