Gujarat mineral development corporation has received an administrative warning from the Securities and Exchange Board of India (SEBI) for deficiencies in disclosure practices. The company disclosed this regulatory action in a filing dated April 08, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SEBI Investigation and Findings

The administrative warning stems from SEBI's investigation into suspected insider trading activities in Gujarat Mineral Development Corporation's scrip during the period from December 01, 2023 to January 31, 2024. During this investigation, SEBI identified discrepancies in the company's disclosure practices.

Disclosure Deficiency Details

SEBI observed that the company's press release dated January 08, 2024, regarding receipt of Environmental Clearance for capacity expansion of Surkha (N) Lignite Mine, did not adequately reflect the factual position. The press release disclosed receipt of environmental clearance for capacity expansion from 3 MTPA to 5 MTPA of lignite by the Ministry of Environment, Forest and Climate Change.

However, SEBI noted that the actual MOEFCC letter granting approval for environmental clearance was dated February 16, 2024, which was submitted by the company in its response dated November 26, 2025. This timing discrepancy formed the basis of SEBI's concern about the adequacy of the original disclosure.

Regulatory Action and Impact

The administrative warning does not impose any monetary penalty on Gujarat Mineral Development Corporation. The company has confirmed that this regulatory action has no material impact on its financial position, operations, or other activities.

Company Response and Future Compliance

SEBI has advised Gujarat Mineral Development Corporation to exercise due care in future disclosures and strengthen compliance standards to avoid recurrence of such instances. The regulatory body warned that failure to improve compliance standards could result in further action under the provisions of SEBI Act, 1992 and related rules and regulations.

The company has acknowledged the warning and indicated its commitment to enhanced disclosure practices going forward. This administrative warning serves as a reminder of the importance of accurate and timely disclosure in compliance with listing regulations.

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.