Unaudited Financial Results for Quarter ended on 30th September, 2026

FUELING THE GROWTH No. GMDC/CS/ BSE/NSE/056,/2026 Dt. 30/10/2026 To, To, National Stock Exchange of India, Bombay Stock Exchange Ltd. Exchange Plaza, 25th Floor, P.J. Towers Bandra Kurla Complex Dalal Street Bandra (East) , Mumbai - 400 051 Fort, Mumbai-400 001 Code : GMDCLTD Code : 532181 Subject: Outcome of Board Meeting held on 30t October, 2026 for approval of Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of Gujarat Mineral Development Corporation Limited at its meeting held today, 30t October, 2026, has, inter alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended September 30, 2026. In this regard, please find enclosed the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended September 30, 2026; 2. Limited Review Report on the Standalone and consolidated Financial Results issued by the Statutory Auditors of the Company; and The meeting of the Board of Directors commenced at 10.00 AM and concluded at 12.10 PM. The results are also being made available on the Company's website at www.gmdcltd.com. Kindly take the above information on record. Yours faithfully, For Gujarat Mineral Development Corporation Limited Joel Evans Company Secretary Gujarat Mineral Development Corporation Limited (A Government of Gujarat Enterprise) CIN : L14100GJ1963SGC001206 “Khanij Bhavan”, 132 Ft. Ring Road, Near University Ground, Vastrapur, Ahmedabad-52 Phone : 27913200/3501 A STRATEGIC TRANSFORNATON INTIATIVEA GHOE LID Email: cs.co@gmdcltd.com Website: www.gmdcltd.com Mukeshkumar Jain & Co. Chartered Accountants LIMITED REVIEW REPORT Independent Auditor’s Review Report On Quarterly Unaudited Consolidated Financial Results of Gujarat Mineral Development Corporation Limited pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board Of Directors Gujarat Mineral Development Corporation Limited Ahmedabad 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Gujarat Mineral Development Corporation Limited (“the Parent”),and its share of the net profit/(loss) after tax and total comprehensive income/loss of its associates and joint ventures (“the Group”) for the quarter ended on September 30, 2026 ('the Statement”), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 ‘"Interim Financial Reporting” ('Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based On Our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India (ICAl). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, to the extend AKUN applicable. 4. The Statement includes the result of the following entities a) Naini Coal Co. Ltd (Joint Venture) HEAD OFFICE : 803, Venus Benecia, Opp. Rajpath Club, S. G. Highway, Ahmedabad-380054 Email : mkjainco@yahoo.com / mkjca88@gmail.com b) Swarnim Gujarat Fluorspar Pvt Ltd. (Joint Venture) c¢) Gujarat Jaypee Cement and Infra Ltd. (Associate Company) d) Gujarat Credo Mineral Industrial Ltd. (Associate Company) e) Aikya Chemical Pvt. Ltd. (Associate Company) . Based on our review conducted as stated in paragraph 3 above and based on the consideration of the management certified financial statements for associate and joint venture, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it has to be disclosed, or that it contains any material misstatement. . The consolidated unaudited financial results includes the Parent’s share of net profit/(loss) after tax of (¥ 0.44 Cr.) and total comprehensive income/ (loss) of (% 0.44 Cr.) for the quarter ended on September 30, 2026 and Parent’s share of net profit/(loss) after tax of (¥ 0.02 Cr.) and total comprehensive income/ (loss) of (X 0.02 Cr.) for the half year ended on September 30, 2026, as considered in the consolidated unaudited financial results, in respect of three associates and two Joint Venture, based on their interim financial results, which are certified by the management. These financial statements are unaudited and have been certified by the management and our opinion on the statement, in so far it relates to the amount and disclosures in respect of joint ventures and associates, is based on solely on such unaudited financial statements. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter with respect to our reliance on the financial results certified by the management of respective joint ventures and associates. _ The financial results for the previous financial year and for the quarter ended June 30, 2026 were audited /reviewed by another auditor. We have relied upon their respective reports. For, M/s. Mukeshkumar Jain & Co. Chartered Accountants FRN: 106619W J O M.LTV.N Rajit Tillani (Partner) Membership No: 405662 Date: September 30, 2026 Place: Ahmedabad UDIN - 26405662ZATFDG8417 T NT TION UNAUDITED FINANC( Is Ae Le RRe Eg Su Ul La Tti So n F O47 R o Tf Ht Eh e Q S UE AB RI T( EL ROD /R H) AR Le Fgu Yla Et Ai Ron Es, N D20 E1 D5 ) 3 0 SEPTEMBER, 2026 (% in Crore) STANDALONE “oorozs |Q u sa or lt oe er r E an od ee ed | sojosjzoas | sofoH sa jlf a uy ae sa r | E n sd 0e fd o oO fn a ons | sYe ua /r s fE an cd ee ed Fatkien, sello (Unaud 9i 0t 2e .d 9) 7 (Unaudi 9t 0e 6d .) 6 4 (Unaud 5i 2t 7e .d 5) 8 (Una 1u ,d 8i 0t 9e .d 6) 1 (Unau 1,d 2i 6t 0e .d 1) 8 (Audi 2t ,e 6d 5) 3 .38 1 3 [T [o Nt ea tl P rI on fic to fm ore tf hr eo m pe O rp ie or da (t bi eo fn os r e( n Te at x) and Exceptionaltems) 23060 2735 sos1| aerss 38420 719,23 [ NN eet tP Pr ro off ffo or ri t tht hte p pe er ri io od b afe t‘ em e tl axi x (( afa t« ere r Efi xcr ec pe tm ioi nm aa l\ ii tt ee mm s)s ) 2 13 74 1. .6 [Showing first 8,000 characters — download PDF for full document]