Quarterly Results for June 2026

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 Dhirubhai Shah & Co LLP INDIA CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDTED FINANCIAL RESULTS THE BOARD OF DIRECTORS GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED 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 June 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 and other review 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 applicable. 4. The Statement includes the result of the following entities: a) Naini Coal Co. Ltd (Joint Venture) 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) 5. 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 quirements) Regulations, 2015, as amended, including the manner in which it is to be sclosed, or that it contains any material misstatement. Head Office : 4th Floor, Aditya Building, Near Sardar Patel Seva Samaj, Mithakhali Six Roads, Elisbridge, Ahmedabad - 380006 Branch Office : 204, Sakar Complex, Opp. Abs Tower, Old Padra Road, Vadodara - 390015 The consolidated unaudited financial results includes the Parent’s share of net profit/(loss) after tax of Rs. 0.42 crore and total comprehensive income/ (loss) of Rs. 0.42 crore for the quarter ended June 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. For Dhirubhai Shah & Co LLP Chartered Accountants FRN: 102511W/W100298 Parth Digitally signed by Parthfl"{ 10251111110 Shishirkumar ;:‘X‘;;“{;S;D;dawa‘a = Dadawala 13:04:18 405'30' Parth S. Dadawala Partner Membership No.: 134475 Date: July 31, 2026 UDIN:26134475URFHWQ6501 Place: Ahmedabad Dhirubhai Shah & Co LLP INDIA CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR’ [Showing first 8,000 characters — download PDF for full document]