Gujarat Mineral Development Corporation Limited has received an Environmental, Social and Governance (ESG) rating from NSE Sustainability Ratings & Analytics Ltd, the company announced to stock exchanges on April 6, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

The company has been assigned a comprehensive ESG rating that reflects its sustainability performance across environmental, social, and governance parameters.

Rating Methodology and Company Participation

The ESG rating was assigned based entirely on publicly available information, with no direct engagement from Gujarat Mineral Development Corporation Limited. Key aspects of the rating process include:

• The company did not engage NSE Sustainability Ratings & Analytics Ltd for evaluation
• No specific data was provided by the company for the assessment
• The rating agency conducted the evaluation independently
• Assessment was based solely on publicly available information

Notification Process

Gujarat Mineral Development Corporation Limited received notification of the ESG rating through official channels. The company was informed about the rating through an email intimation from BSE Limited on April 6, 2026, which stated that NSE Sustainability Ratings & Analytics Ltd had submitted the ESG rating disclosure.

Access to Rating Information

The detailed ESG rating and related disclosures are available on the website of NSE Sustainability Ratings & Analytics Ltd and can be accessed at: https://www.nse-esgrating.com/ . This provides stakeholders with comprehensive information about the company's sustainability performance evaluation.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by informing both the National Stock Exchange of India and Bombay Stock Exchange Limited about the ESG rating assignment. This ensures transparency and compliance with listing requirements for publicly traded companies.

Gujarat mineral development corporation Limited has addressed concerns raised by the Bombay Stock Exchange regarding unusual trading activity in its securities. The company issued a formal clarification on March 23, 2026, responding to BSE's inquiry about the recent surge in trading volumes across exchanges.

Regulatory Compliance and Disclosure

The company confirmed its adherence to all regulatory requirements in its response to the stock exchange. GMDC stated that it has made all necessary disclosures pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Market-Driven Volume Movement

The Gujarat-based mineral development corporation emphasized that the increase in trading volume appears to be purely market-driven. Company Secretary Joel Shantilal Evans, who signed the clarification, stated that the organization is not aware of any specific reasons that would contribute to such volume movement.

The company explicitly confirmed that there is no undisclosed information or event, including any impending announcement, which may have a bearing on the price or volume behavior of the company's securities. This statement aims to reassure investors and regulatory authorities about the transparency of the company's operations.

Corporate Information

Gujarat Mineral Development Corporation Limited operates as a Government of Gujarat Enterprise with CIN L14100GJ1963SGC001206. The company is headquartered at Khanij Bhavan, 132 Ft. Ring Road, Near University Ground, Vastrapur, Ahmedabad. The organization is currently implementing Project Shikhar, described as a strategic transformation initiative.

The clarification demonstrates the company's commitment to maintaining regulatory compliance and transparent communication with stock exchanges and investors regarding any unusual market activity in its securities.