Outcome of Board Meeting

No. GMDC/CS/ BSE/NSE/023/2026 Dt. 31/07/2026 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 31 July, 2026 for approval of Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended June 30, 2026 Dear Sir/Madam, (1) Financial Results 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, 31 July, 2026, has, inter alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. In this regard, please find enclosed the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026; 2. Limited Review Report on the Standalone and consolidated Financial Results issued by the Statutory Auditors of the Company; and (2) Memorandum of Understanding (MoU) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) The Board of Directors of the Company at its Meeting held today, i.e. July 31, 2026, has, inter alia, approved the proposal for execution of Memorandum of Understanding (MoU) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to jointly evaluate opportunities across the coal-to-chemicals value chain using gasification technologies, including Underground Coal Gasification (UCG). We will submit further details in due course on execution of MOU. 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 Email: cs.co@gmdcltd.com Website: www.gmdcltd.com (3) Memorandum of Understanding (MoU) with M/s IREL(India) Limited The Board of Directors of the Company at its Meeting held today, i.e. July 31, 2026, has, inter alia, approved the proposal for execution of Memorandum of Understanding (MoU) with M/s IREL(India) Limited to explore collaboration opportunities in the Rare Earth Elements (REE) sector. We will submit further details in due course on execution of MOU. The meeting of the Board of Directors commenced at 11.00 AM and concluded at 1.10 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 Encl. As above 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 Email: cs.co@gmdcltd.com Website: www.gmdcltd.com GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED GMOC (See Regulation 47 of the SEBI (LODR) Regulations, 2015) UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE, 2026 STANDALONE K in Crore) Sr No Particulars Quarter Ended 30/06/2026 31/03/2026 30/06/2025 31/03/2026 (Audited) (Unaudited) T No eta t l P I rn oc fio t m foe r tf hro em p eO rip oe dr a (bti eo fn os r e( n Te at x) and Exceptional items) 906.64 814.05 (Unau 7d 3it 2e .d 6) 0 (Aud 2it ,e 6d 5) 3.38 227.25 231.72 224.69 N Ne et t PP rr oo fifi tt ff oor r tt hhe e pp ee rr ii ood d ab fe tf eo rr e ta t xa (x a ( fa teft re Er xE cx ec pe tip ot nio an l a itl e it mem ss )) 122 67 3. .2 05 1 261.74 224.69 1,7 37 09 1. .2 83 8 5 Total Comprehensive Income for the period [Comprising Profit 221.18 164.13 990.81 for the period aftertax and Other Comprehensive Income (after tax)] 156.53 239.94 187.79 7 E Rq eu seit ry v eS sh a (r ee x C ca lup dit ina gl Revaluation Reserve as shown in the 63.60 63.60 63.60 98 66 3. .5 62 0 Balance Sheet) Earning Per Share (of 72/- each) (for continuing and 7,004.97 discontinued operations) (not annualised for the Quarter) 1. B as i c : ( A ) 5.13 6.96 5.16 31.16 2. Diluted (7) 5.13 6.96 5.16 31.16 (R in Crore) CONSOLIDATED Sr No Quarter Ended Particulars 30/06/2026 31/03/2026 30/06/2025 (Audited) (Unaudited) 31/03/2026 (Unaudited) Total Income from Operations (net) 906.64 814.05 732.60 (Aud 2i ,t 6e 5d 3) .38 Net Profit for the period (before Tax and Exceptional items) 227.25 204.96 4 N TN oee ttt r r Co ofi fi ot t ffo o pr r ett hh hee pp see ivrr ii eo o d d b a ce f otf eo mrr e ta t fxa (x ra ( tfa htef et re Er x eE c rx ie oc p de t ip o [t Cnio oan ml a it pl e i rt m ie sm is n) gs) Profit 12 627 3. .2 45 3 2 13 94 4. .9 08 9 12 2 62 24 34. ..4 743 73 1, 97 24 565 68.8 .. 640 75 for the period after tax and Other Comprehensive Income (after 212.85 156.95 187.43 952.38 Equity Share Capital 63.60 Reserves (excluding Revaluation Reserve as shown in the 63.60 63.60 63.60 Balance Sheet) Earning Per Share (of * 2/- each) (for continuing and 7,009.14 discontinued operations) (not annualised for the Quarter) 1. B as i c: ( A ) 5.14 6.10 5.15 30.08 2. Di l ut ed ( A ) 5.14 6.10 5.15 30.08 Note: E2T R 0 xh e 1 ce g h6 u aa .l a nb Tt go i ho ev en e f3 euis 3 bl l oa f in of t rhe sm ex (at wr S ta E wc oBt wf I o .t( nhf L seit s eh t F ie i nn i n dgd a ie aa nt .n ca cd ii oal e mlO d R t h aefo ne s dr r um lD t wsa i s wt fc o wlo o r .f s bt u hF sr e ei en a nR qn duec ia aqia ru .ctl i er oR e r e m es )neu .dnlts ets d)f o R or e n t gh 3ue 0l a tq htiu o a n Jusrt n,e e2r 0 2e 1n 05d 2 ae 6nd d ao loSn n E3 gB0 I wt Ch i i tJ r hcu un Ele a x r p2 N l0 ao2 n.6 aC tfi oIl R re yd / C Nw F oDi tt eh / sF t Ah isCe / aS 6 v2t ao / i2c lak 0 b1E l6 ex c dh oaa ntn e tg d he e5s t Shu tn oJd u ce l kyr For and on behalf of the Boapd of Directors, Place: Ahmedabad Roopwant Singh, IAS Date: July 31, 2026 Managing Director GUARAT MINERAL DEVELOPMENT CORPORATION LIMITED GMDC UNAUDITED STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED ON JUNE 30, 2026 STANDALONE Particulars Quarter Ended 30/06/2026 31/03/2026 30/06/2025 INCOME (Unaudited) (Audited) (Unaudited) Revenue from Operations 906.64 Other Income 76.15 T Eo Xt Pa El NIn Sc Eo Sme (A) 982.79 Changes in inventories Royalties and other tax levies GST Compensatory Cess Exp Employee Benefit Expenses Finance Costs Depreciation and Amortisation Expenses Loading of lignite and overburden removal expenses Other Expenses Total Expenses (B) Profit Before Exceptional items and tax Exceptional Items - (Expense)/ Income Profit Before Tax Tax Expenses Current Tax Deferred Tax Short/ (excess) provision of earlier years Profit for the Period /Year Other Comprehensive Income Items that will not be reclassified to profit or loss Changes in fair value of equity instruments measured at fair value through other comprehensive income (FVTOCI) Remeasurement of post - employment benefit obligations Income tax relating to these items Other Comprehensive Income for the Period, net of tax Total Comprehensive Income for the Period (Comprising profit and other Comprehensive Income for the period) Paid up equity share capital Reserves Earning per Equity Share (EPS) (Face Value of 72/-each) Basic (R) Di l ut ed ( き) (Rin Crore) Year Ended 31/03/2026 (Audited) 814.05 732.60 2,653.38 155.41 423.88 77.29 969.46 809.89 3,077.26 (2.55) (0.19) (5.58) 79.44 59.53 237.86 79.03 130.75 42.27 36.34 36.57 190.49 6.61 5.37 0.50 7.14 33.33 48.76 22.00 114.71 436.78 387.91 290.90 1,091.91 144.07 182.47 96.86 530.75 755.54 737.74 585.20 2,298.03 227.25 231.72 224.69 779.23 30.02 522.65 227.25 261.74 224.69 1,301.88 64.75 37.87 64.20 320.74 (0.58) 49.71 (3.64) 40.05 (47.02) (49.72) 0.07 163.01 221.18 164.13 990.81 12.75 13.41 22.82 (13.14) 2.56 5.50 (1.01) 10.84 (0.15) 1.85 (1.99) (21.79) 6.48 [Showing first 8,000 characters — download PDF for full document]