Gujarat Mineral Development Corporation has scheduled its 63rd Annual General Meeting for September 30, 2026. The meeting will be conducted via video conference or other audio-visual means from its registered office in Ahmedabad.

The company issued the intimation on September 5, 2026, and published newspaper advertisements on September 6, 2026, in The Indian Express and Sandesh. Pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 34(1) of the SEBI Listing Regulations, 2015, the notice and annual report for FY26 are being distributed electronically to registered shareholders.

Meeting Details

The AGM will commence at 11:00 am. Attendance via video conferencing counts toward the quorum under Section 103 of the Companies Act, 2013. No proxies can be appointed for this virtual meeting.

Dividend and Record Date

Shareholders must be on the register as of September 23, 2026, to receive dividends and vote on resolutions. The dividend payment date is fixed for on or after October 12, 2026. This payout is subject to shareholder approval at the upcoming AGM.

E-Voting Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facilities. Ms Manoj Harkat & Associates has been appointed as the scrutinizer.

Shareholders holding shares as of the cut-off date may cast votes electronically. Those who have not voted remotely can exercise their voting rights during the AGM via VC/OAVM.

Gujarat Mineral Development Corporation Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing reveals a significant expansion in environmental footprints alongside a turnover of ₹2,653.38 crore.

The report was filed pursuant to Regulation 34(2)(f) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. JointValues ESG Services Pvt. Ltd provided reasonable assurance on the core indicators disclosed in the standalone report.

Environmental Impact Expansion

Total greenhouse gas emissions surged during the period. Scope 1 emissions reached 3,79,923 tCO2e, while Scope 2 emissions stood at 58,946 tCO2e. Combined, total Scope 1 and 2 emissions totaled 4,38,869 tCO2e, up from 1,59,431 tCO2e in the previous year.

Water withdrawal increased to 35,18,707 kilolitres from 24,44,570 kilolitres. Total energy consumption rose sharply to 40,43,128 GJ, compared to 13,81,131 GJ in FY25. The company attributed these increases primarily to the operationalisation of the lignite-based Akrimota Thermal Power Station.

What the Numbers Show

The divergence between revenue growth and environmental intensity metrics highlights the impact of new capacity addition. While turnover grew to ₹2,653.38 crore, energy intensity per rupee of turnover adjusted for PPP more than tripled from 1,001 GJ/million USD to 3,099 GJ/million USD. Similarly, water intensity per rupee of turnover adjusted for PPP rose from 932 kilolitres/million USD to 1,249 kilolitres/million USD. This indicates that the additional revenue generated did not offset the proportional increase in resource consumption driven by the thermal power operations.

Operational Metrics

The company reported no fatalities among its employees, though one fatality was recorded among workers. The Lost Time Injury Frequency Rate for workers decreased to 0.05 from 0.21. GMDC implemented Zero Liquid Discharge systems across all mining sites and planted 2,92,117 saplings during the year.