Gujarat Mineral Development Corporation Limited has received an ESG rating of 70 with Grade B from CFC Finlease Private Limited, reflecting Good performance on Environmental, Social and Governance parameters. The company made this disclosure to stock exchanges on February 24, 2026, in compliance with SEBI regulations.

ESG Rating Details

The rating assessment provides a comprehensive evaluation of the company's sustainability practices across multiple dimensions:

Independent Assessment Process

A significant aspect of this rating is that Gujarat Mineral Development Corporation did not engage CFC Finlease Private Limited for the evaluation. The rating agency conducted its assessment independently using publicly available information without any direct participation from the company. This approach demonstrates the agency's ability to evaluate corporate ESG performance through transparent, publicly accessible data sources.

The company received notification of this rating through an email intimation from BSE Limited on February 24, 2026, informing that CFC Finlease Private Limited had submitted the ESG rating disclosure.

Regulatory Compliance and Transparency

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

Key compliance aspects include:

• Timely disclosure to both NSE and BSE
• Publication of rating details on company website
• Provision of rating agency's website link for stakeholder reference
• Transparent communication about the independent nature of the assessment

Public Accessibility

To ensure transparency and stakeholder access, the rating information has been made available through multiple channels. The detailed rating can be accessed on CFC Finlease Private Limited's website at esgratings.co.in/esg-rating/, while the company has also published this information on its official website at www.gmdcltd.com .

This ESG rating of 70 with Grade B classification positions Gujarat Mineral Development Corporation in the Good category for Environmental, Social and Governance performance, providing investors and stakeholders with an independent assessment of the company's sustainability practices and corporate governance standards.

Gujarat mineral development corporation Limited has announced the appointment of Shri Sandeep Kumar, IAS as Non-Executive Director, effective January 22, 2026. The appointment was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Government Order and Board Approval

The appointment follows a Government of Gujarat office order No. FD/OTH/e-file/4/2024/0356/A (BPE) dated January 22, 2026. The order appoints Shri Sandeep Kumar as Secretary (Economic Affairs), Finance Department, Government of Gujarat, replacing Ms. Arti Kanwar, IAS. Subsequently, the Board of Directors approved his appointment as Director in the Non-Executive/Non-Independent Director category through circular resolution, subject to shareholder approval.

Professional Background

Shri Sandeep Kumar brings extensive experience in public administration to his new role. He is a senior officer of the All India Services (AIS) cadre with more than 20 years of experience in public administration. Currently serving as Secretary (Economic Affairs), Finance Department, Government of Gujarat, he has previously held positions across multiple government departments.

His professional experience spans various critical areas:

• Agriculture Department and Home Department roles
• Key leadership positions in the power sector
• Urban development and law & order management
• Energy and power distribution oversight
• Land revenue administration
• District administration and rural development

Regulatory Compliance

The company has confirmed that Shri Sandeep Kumar is not related to any Director or Key Managerial Personnel of the company in terms of Regulation 2(1)(zb) of SEBI LODR. Additionally, it has been affirmed that he is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Company 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 appointment strengthens the company's board composition with experienced public administration expertise as it continues its strategic transformation initiatives under Project Shikhar.