Gujarat Mineral Development Corporation Ltd

Meeting Details

• Board meeting on 30 Oct 2026; time and venue not disclosed.

Key Agenda Items

• Approve unaudited standalone and consolidated financial results for quarter ended 30 September 2026.

Other Notes

• Trading window closed for Designated Persons from 1 October 2026; reopens after results on 2 November 2026.

Dematerialisation/rematerialisation status

• Securities for dematerialisation in the quarter ended 30 September 2026 were confirmed as accepted or rejected to depositories.
• Securities dematerialised have been listed on the exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• The depository's name was substituted in the register of members as the registered owner within 15 days.

AGM details

• 63rd AGM held on 30 Sep 2026 at 11:00 AM IST via VC/OAVM
• Remote e-voting: 27 Sep 2026 9:00 AM to 29 Sep 2026 5:00 PM; voting open 20 minutes post-meeting

Ordinary business

• Adopt standalone and consolidated financial statements for year ended 31 Mar 2026
• Declare dividend of Rs 9.50 per equity share (475%) for FY 2025-26
• Fix remuneration of Statutory Auditors for FY 2026-27

Special business

• Appoint Shri Sandeep Kumar, IAS, as Director
• Ratify remuneration payable to Cost Auditors for FY 2026-27

Voting status

• Voting results to be declared separately; not available in filing

MD appointment and cessation

• Appointment of MD: Ajay Bhadoo, IAS, effective 29 September 2026, vice Roopwant Singh.
• Cessation: Roopwant Singh, IAS, ceases as MD effective 29 September 2026.
• Profile: Ajay Bhadoo, IAS, 1999 batch Gujarat cadre; civil engineering degree and LLB from NLSIU.
• Relationships: Not related to any director.
• Debarment: Not debarred by SEBI or other authorities.

Gujarat Mineral Development Corporation Limited – Trading Window closed from 1 October 2026 until 48 hours after the unaudited quarterly results for the quarter/half year ending on 30 September 2026

ESG Rating Update

• ESG rating assigned with score 69 (Leader) by Niche Ninety Nine Capability and Certifications; issued without company data.
• Notification received from BSE on 17 September 2026.

Rating action

• Long-term/short-term bank facilities ₹3,975 crore; CARE AA+ (Stable) / CARE A1+; reaffirmed.

Short-term facilities

• Short-term bank facilities ₹25 crore; CARE A1+; reaffirmed.

Rationale

• Ratings based on FY26 audited and Q1FY27 unaudited performance.

AGM Details

• AGM date: Wednesday, September 30, 2026.
• Time: 11:00 A.M.
• Mode: VC/OAVM.
• Record date: September 23, 2026 for dividend eligibility and voting.
• Dividend payment date: On or after October 12, 2026, subject to approval.
• Venue: Registered Office, Khanij Bhavan, 132 Ft Ring Road, Vastrapur, Ahmedabad.

Board approvals

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• The meeting approved MoU proposals with GNFC and IREL.
• Meeting duration: 11:00 AM to 1:10 PM.
• Results available on the Company's website.

GNFC MoU

• MoU with GNFC to evaluate coal-to-chemicals opportunities using gasification including UCG.

IREL MoU

• MoU with IREL (India) Limited to explore collaboration in Rare Earth Elements sector.

Auditor reviews

• Consolidated interim results: not material to the Group; conclusion not modified.
• Standalone interim results: no misstatement disclosed; audit opinion not expressed.