GMDCLTD Holds 63rd AGM; Declares Dividend of ₹9.50 per Share
Gujarat Mineral Development Corporation Limited held its 63rd AGM on September 30, 2026. The company declared a dividend of ₹9.50 per equity share for FY 2025-26. Shri Sandeep Kumar, IAS, was appointed as a Director. The AGM also approved financial statements and auditor remunerations.
The declaration of dividend and appointment of a new director are material events that can impact investor sentiment and corporate governance.
The company declared a dividend and reported strong performance and strategic expansion plans, indicating positive financial health and future outlook.
Gujarat Mineral Development Corporation Limited (GMDC) conducted its 63rd Annual General Meeting (AGM) on Wednesday, 30th September 2026, via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting commenced at 11:00 AM IST and concluded at 11:15 AM IST.
The AGM agenda included the adoption of standalone and consolidated financial statements for the financial year ended 31st March 2026, the declaration of a dividend of ₹9.50 per equity share (475%) for the same period, and the fixation of remuneration for the Statutory Auditors for FY 2026-27.
Additionally, the meeting addressed special business items, including the appointment of Shri Sandeep Kumar, IAS, as a Director of the Company, and the ratification of remuneration for the Cost Auditors for FY 2026-27. The Chairman, Dr. Hasmukh Adhia, highlighted GMDC's strong performance, strategic alignment with India's Viksit Bharat @2047 vision, expansion plans, and efforts in strategic minerals like Copper and Rare Earth Elements.
Remote e-voting was available from 27th September 2026 to 29th September 2026, with an additional e-voting facility provided during the AGM. The audit reports for the financial year 2025-26, including standalone and consolidated financial statements, were presented and noted to have no qualifications or modifications. The voting results and the Scrutinizer's Report will be submitted separately within the prescribed timelines.
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