Gujarat Mineral Development Corporation Ltd

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.

Financial performance

• Standalone Q1 FY27 total income from operations: 906.64 cr; net profit after tax: 163.01 cr.
• Consolidated Q1 FY27 total income: 982.79 cr; net profit after tax: 163.43 cr.
• Mining revenue 841.01 cr; Power revenue 111.25 cr; net revenue 906.64 cr.
• Mining segment operating result 208.07 cr; Power -6.00 cr; total 202.07 cr.
• Current tax 64.75 cr; Deferred tax (0.58) cr.
• Total comprehensive income: standalone 156.53 cr; consolidated 156.95 cr.
• Standalone EPS Basic and Diluted: 5.13.
• Consolidated EPS Basic and Diluted: 5.14.

Strategic MoUs

• MoU with GNFC approved to evaluate coal-to-chemicals opportunities using gasification, including UCG.
• MoU with IREL to explore collaboration opportunities in Rare Earth Elements sector.
• Details on MOUs to be submitted in due course.
• Board meeting held July 31, 2026; approvals for results and MoUs.

Financial results

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Standalone Q1 FY27: revenue from operations 906.64 crore; PAT 163.01 crore.
• Consolidated Q1 FY27: total income 982.79 crore; PAT 163.43 crore.
• Auditors' limited review reports issued; no material misstatement.

MoU approvals

• MoU with GNFC approved to jointly evaluate coal-to-chemicals opportunities via gasification.
• MoU with IREL (India) Limited approved to explore REE sector collaborations.

Corporate actions from amalgamation

• Composite amalgamation scheme extinguished GMDC's investment in GSPC.
• Record date 12 May 2026; GMDC to receive GEL shares for GSPC.
• Demerger of gas transmission to yield GPL Transmission Limited shares.

Auditor review and remarks

• Independent auditor reviews on standalone and consolidated results concluded no material misstatement.

Unclaimed dividend transfer to IEPF

• Shareholders with unclaimed dividends from 2018-19 to 2024-25 must claim by Nov 5, 2026.
• If unclaimed, shares will be transferred to IEPF per Companies Act rules.
• Claimants should submit bank details and documents to the RTA by the deadline.
• Statement of Unclaimed Dividend is published on the GMDC website.

Dematerialisation processing and listing

• Securities for dematerialisation, quarter ended 30 June 2026, were confirmed to depositories.
• Dematerialised securities have been listed on the stock exchanges where earlier securities are listed.
• Dematerialised certificates were mutilated and cancelled; depository name substituted in the register within 15 days.

Gujarat Mineral Development Corporation Limited — Trading Window closed from 1st July, 2026 and will end 48 hours after the declaration of unaudited quarterly results of the company for the quarter ending on 30th June, 2026.

Strategic partnership

• GMDC partnered with the University of Cambridge to create India’s first AI-powered rare earth supply chain observatory.
• The observatory will track rare earth value chain data from mine to magnet in real time.

Investment and scope

• The collaboration is a phased two-year programme with an investment of £600,000.
• It will monitor price movements, processing capacity, supply disruptions, and geopolitical risk.

Business impact

• GMDC said the initiative supports policy calibration, industrial procurement, and strategic stockpiling decisions.
• The project strengthens GMDC’s position in critical mineral intelligence and rare earth supply chain resilience.