Seamec Limited has announced the closure of arbitration proceedings with M/s Jumbo Offshore Enterprises. The company had previously entered into consent terms with Jumbo Offshore Enterprises, and subsequently, additional consent terms were signed with M/s Maria Offshore International LLP, a related entity, to pursue the matter before the Hon’ble Gujarat High Court. The company confirms that there are no material changes regarding the legal proceedings in the Hon’ble Gujarat High Court, other than the aforementioned addendums. The arbitration proceedings, which were previously held in abeyance, now stand closed as of December 19, 2025, at 11:51 a.m. Seamec Limited has stated that there is no material impact of this settlement on the company's financial position, and no compensation or penalty has been paid.