SEAMEC LIMITED is a Public Limited company incorporated under Laws of Republic of India. shares are Listed in BSE and NSE.
Evolutionary transition phases of Seamec are given below:
Incorporated as Private Limited Company named “Peerless Leasing Private Limited”.
Name of the Company changed to “Peerless Drive Private Limited”.
The Company became a deemed public company and the word ‘private’ was deleted from the name of the Company,
by the Registrar of Companies, West Bengal, Kolkata.
Name of the Company was changed to ‘Peerless Shipping and Oilfield Services Ltd’
PGFI sold its holding of 49.85 % to Coflexip Stena Offshore Mauritius Ltd who with its holding of 8.36% became the majority shareholder and promoter consequently having 58% share in the Company.
Name of the Company was again changed to ‘South East Asia Marine Engineering & Construction Ltd’
On acquisition of the Coflexip Group Worldwide by Technip of France, SEAMEC thus became a part of the TECHNIP. The Technip Group subsequently raised its holding in SEAMEC to 75%.
Name of the Company was then changed to its present name ‘Seamec Ltd’
TECHNIP Group sold its entire holding to HAL Offshore Limited (HAL), who became the promoter of SEAMEC and SEAMEC became a subsidiary of HAL and a part of MM Agrawal Group.