GMDCLTD Q1 2027 Earnings Report

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Gujarat Mineral Development Corporation Limited (A Government of Gujarat Enterprise) CIN : L14100GJ1963SGC001206 “Khanij Bhavan”, 132 Ft. Ring Road, Near University Ground, Vastrapur, Ahmedabad-52 Phone : 27913200/3501 Email: cs.co@gmdcltd.com Website: www.gmdcltd.com No. GMDC/CS/ BSE/NSE/023/2026 Dt. 31/07/2026 To, National Stock Exchange of India, Exchange Plaza, Bandra Kurla Complex Bandra (East) , Mumbai – 400 051 Code : GMDCLTD To, Bombay Stock Exchange Ltd. 25th Floor, P.J. Towers Dalal Street Fort, Mumbai-400 001 Code : 532181 Subject: Outcome of Board Meeting held on 31 July, 2026 for approval of Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended June 30, 2026 Dear Sir/Madam, (1) Financial Results Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of Gujarat Mineral Development Corporation Limited at its meeting held today, 31 July, 2026, has, inter alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. In this regard, please find enclosed the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026; 2. Limited Review Report on the Standalone and consolidated Financial Results issued by the Statutory Auditors of the Company; and (2) Memorandum of Understanding (MoU) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) The Board of Directors of the Company at its Meeting held today, i.e. July 31, 2026, has, inter alia, approved the proposal for execution of Memorandum of Understanding (MoU) with Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) to jointly evaluate opportunities across the coal-to-chemicals value chain using gasification technologies, including Underground Coal Gasification (UCG). We will submit further details in due course on execution of MOU.

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GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED GMOC (See Regulation 47 of the SEBI (LODR) Regulations, 2015)UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE, 2026 Sr No Particulars Total Income from Operations (net) Net Proﬁt for the period (before Tax and Exceptional items) 5 7 Net Proﬁt for the period before tax (after Exceptional items) Net Proﬁt for the period after tax (after Exceptional items)Total Comprehensive Income for the period [Comprising Proﬁtfor the period aftertax and Other Comprehensive Income (after tax)] Equity Share Capital Reserves (excluding Revaluation Reserve as shown in the Balance Sheet) Earning Per Share (of 72/- each) (for continuing anddiscontinued operations) (not annualised for the Quarter) 1 . B a s i c : ( A ) 2. Diluted (7) Sr No Particulars 4 Total Income from Operations (net) Net Proﬁt for the period (before Tax and Exceptional items) Net Proﬁt for the period before tax (after Exceptional items) Net Proﬁt for the period after tax (after Exceptional items)Total Comprehensive Income for the period [Comprising Proﬁtfor the period after tax and Other Comprehensive Income (aftertax)] Equity Share Capital Reserves (excluding Revaluation Reserve as shown in the Balance Sheet) Earning Per Share (of * 2/- each) (for continuingand discontinued operations) (not annualised for the Quarter) 1 . B a s i c : ( A ) 2 . D i l u t e d ( A ) Note: 30/06/2026 (Unaudited) 906.64 STANDALONE Quarter Ended 31/03/2026 (Audited) 814.05 30/06/2025 (Unaudited) 732.60 227.25 227.25 163.01 231.72 261.74 221.18 224.69 224.69 164.13 156.53 63.60 239.94 63.60 187.79 63.60 5.13 5.13 6.96 6.96 5.16 5.16 30/06/2026 (Unaudited) 906.64 227.25 227.25 163.43 CONSOLIDATED Quarter Ended 31/03/2026 (Audited) 814.05 204.96 234.98 194.09 30/06/2025 (Unaudited) 732.60 224.43 224.43 163.77 156.95 63.60 212.85 63.60 187.43 63.60 5.14 5.14 6.10 6.10 5.15 5.15 K in Crore) 31/03/2026 (Audited) 2,653.38 779.23 1,301.88 990.81 986.52 63.60 7,004.97 31.16 31.16 (R in Crore) 31/03/2026 (Audited) 2,653.38 745.80 1,268.45 956.67 952.38 63.60 7,009.14 30.08 30.08 The above is an extract of the detailed format of Financial Results for the quarter ended on 30th June 2026 ﬁled with the Stock Exchanges underRegulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5th July2016. The full format of the Financial Results for the quarter ended on 30th June 2026 along with Explanatory Notes is available on the StockExchange websites (www.nseindia.com and www.bseindia.com). For and on behalf of the Boapd of Directors, Place: Ahmedabad Date: July 31, 2026 Roopwant Singh, IAS Managing Director

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GMDC GUARAT MINERAL DEVELOPMENT CORPORATION LIMITEDUNAUDITED STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED ON JUNE 30, 2026 Particulars 30/06/2026 (Unaudited) INCOME Revenue from Operations Other Income Total Income (A) EXPENSES Changes in inventories Royalties and other tax levies GST Compensatory Cess Exp Employee Beneﬁt Expenses Finance Costs Depreciation and Amortisation Expenses Loading of lignite and overburden removal expenses Other Expenses Total Expenses (B) Proﬁt Before Exceptional items and tax Exceptional Items - (Expense)/ Income Proﬁt Before Tax Tax Expenses Current Tax Deferred Tax Short/ (excess) provision of earlier years Proﬁt for the Period /Year Other Comprehensive Income Items that will not be reclassiﬁed to proﬁt or loss Changes in fair value of equity instruments measured at fair value through other comprehensive income (FVTOCI) Remeasurement of post - employment beneﬁt obligations Income tax relating to these items Other Comprehensive Income for the Period, net of tax Total Comprehensive Income for the Period (Comprising proﬁt and other Comprehensive Income for the period) Paid up equity share capital Reserves Earning per Equity Share (EPS) (Face Value of 72/-each) Basic (R) D i l u t e d ( ͖ ) STANDALONE Quarter Ended 31/03/2026 (Audited) 30/06/2025 (Unaudited) 906.64 76.15 982.79 2 w a i 42.27 6.61 33.33 436.78 144.07 755.54 227.25 227.25 64.75 (0.58) 0.07 163.01 12.75 2.56 (21.79) 6.48) 156.53 63.60 5.13 5.13 814.05 155.41 969.46 (2.55) 79.44 36.345.37 48.76 387.91 182.47 737.74 231.72 30.02 261.74 37.87 49.71 (47.02) 221.18 13.41 5.50 (0.15) 18.76 239.94 63.60 6.96 6.96 732.60 77.29 809.89 (0.19) 59.53 79.03 36.57 0.50 22.00 290.90 96.86 585.20 224.69 224.69 64.20 (3.64) 164.13 22.82 (1.01) 1.85 23.66 187.79 63.60 5.16 5.16 (Rin Crore) Year Ended 31/03/2026 (Audited) 2,653.38 423.88 3,077.26 (5.58) 237.86 130.75 190.49 7.14 114.71 1,091.91 530.75 2,298.03 779.23 522.65 1,301.88 320.74 40.05 (49.72) 990.81 (13.14) 10.84 (1.99) (4.29) 986.52 63.60 7,004.97 31.16 31.16

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GMDC GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED UNAUDITED STANDALONE SEGMENT INFORMATION FOR THE QUARTER ENDED ON JUNE 30, 2026 Sr No. (R in Crore) STANDALONE Particulars Quarter Ended Year Ended 30/06/202631/03/202630/06/202531/03/2026(Audited)(Unaudited) (Audited) (Unaudited) Segment Revenue (Net Sales / Revenue from Operations) 1 Mining 841.01 774.37 685.24 2,507.62 2 Power 111.25 81.65 47.36 215.72 952.26 856.02 732.60 2,723.34 Less: Inter Segment Revenue 45.62 41.97 69.96 Net Sales/Revenue From Operations 906.64 814.05 732.60 2,653.38 2Segment Results (Operating Results): 1 Mining 208.07 171.50 172.60 607.49 2 Power (6.00) (40.98) 10.59 (79.61) Total Segment Operating Results 202.07 130.52 183.19 527.88 Un-allocable Corporate Results (50.94) (54.22) (35.78) (172.53) Total Operating Results 151.13 76.30 147.41 355.35 Add : Interest and Dividend Income 68.79 81.77 64.93 323.62 Add : Un-allocable income net of un-allocable expenses 7.33 73.65 12.35 100.26 Add: Exceptional Items - (Expense) / Income 30.02 522.65 Net Proﬁt Before Tax 227.25 261.74 224.69 1,301.88 Segment Assets : 1 Mining 4,095.65 4,069.32 2,930.20 4,069.32 Power 1,224.17 1,236.57 1,164.50 1,236.57 3Unallocated 4,000.24 3,673.00 3,905.08 3,673.00 Segment Liabilities: 9,320.06 8,978.89 7,999.78 8,978.89 1Mining 1,215.66 1,124.92 883.79 1,124.92 2Power 106.37 116.71 72.95 116.71 3Unallocated 772.93 668.69 481.82 668.69 2,094.96 1,910.32 1,438.56 1,910.32 Notes: The above results have been reviewed by the Audit Committee of the Board of Directors in its meeting held on 31 July 2026 and the same have been taken on record by the Board of Directors in its meeting held on the same date. 2Pursuant to the Composite Scheme of Amalgamation and Arrangement sanctioned by the Ministry of Corporate Affairs on 8th April 2026 (effective from ﬁling with RoC, Ahmedabad on 1st May 2026), the Company's investment in Gujarat State Petroleum Corporation Limited (GSPC) stood extinguished. In lieu thereof, on the Record Date of 12th May 2026, the Company received 10 equity shares of 2/- each of Gujarat Energy Limited (GEL) for every 305 shares held in GSPC. Further, pursuant to demerger of gas transmission undertaking, the Company shall receive 1 equity share of R10/- each of GPL Transmission Limited (GTL) for every 3 shares held in GEL. The above ﬁnancial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notiﬁed under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). Corresponding ﬁgures of the previous periods / year's have been re-grouped / re-arranged / re-classiﬁed / restated and revised, wherever necessary, for rounding off to nearest crore rupee and / or to make them comparable with the ﬁgures of the current period. For and on behalf of the Board ofDirectors Place: Ahmedabad Date: July 31, 2026 Roopwant Singh, IAS Managing Director

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GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED UNAUDITED STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED ON JUNE 30, 2026EMOC Particulars 30/06/2026 (Unaudited) INCOME Revenue from Operations Other Income Total Income (A) EXPENSES Changes in inventories Royalties and other tax levies GST Compensatory Cess Expenses Employee Beneﬁt Expenses Finance Costs Depreciation and Amortisation Expenses Loading of lignite and overburden removal expenses Other Expenses Total Expenses (B) Proﬁt Before Tax and Share of Proﬁt / (Loss) of Joint Ventures and Associates and exceptional items Exceptional Items - (Expense)/ Income Proﬁt Before Tax and Share of Proﬁt / (Loss) of Joint Ventures and Associates Share of Proﬁt (Loss) of joint ventures and associates using equity method (net of taxes) Tax Expenses Current Tax Deferred Tax Short / (excess) provision of earlier years Proﬁt for the Period / Year Other Comprehensive Income Items that will not be reclassiﬁed to proﬁt or loss Changes in fair value of equity instruments measured at fair value through other comprehensive income (FVTOCI) Remeasurement of post - employment beneﬁt obligations Income tax relating to these items Other Comprehensive Income for the Period, net of tax Total Comprehensive Income for the Period (Comprising proﬁt and other Comprehensive Income for the period) Paid up equity share capital Reserves Earning per Equity Share (EPS) (Face Value of 2) Basic (R) D i l u t e d ( # ) CONSOLIDATED Quarter Ended 31/03/2026 (Audited) 906.64 76.15 982.79 5.78 86.70 755.54 227.25 227.25 0.42 64.75 (0.58) 0.07 163.43 (21.79) 6.48) 156.95 63.60 5.14 5.14 30/06/2025 (Unaudited) 814.05 154.89 968.94 (2.55) 79.44 32.24 5.37 48.76 387.91 212.81 763.98 204.96 30.02 234.98 (0.33) 37.87 49.71 (47.02) 194.09 3 g m a (0.15) 18.76 212.85 63.608 ? 732.60 77.70 810.30 (0.19) 59.53 79.03 37.15 0.51 22.00 290.90 96.94 585.87 224.43 224.43 (0.10) 64.20 (3.64) 163.77 22.82 (1.01) 1.85 23.66 187.43 63.60 5.15 5.15 (R in Crore) Year Ended 31/03/2026 (Audited) 2,653.38 423.87 3,077.25 (5.58) 237.86 130.75 190.48 7.14 114.71 1,091.91 564.18 2,331.45 745.80 522.65 1,268.45 (0.71) 睚脂

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GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED ON JUNE 30, 2026 GMDG K in Crore) Sr No. Particulars CONSOLIDATED Quarter Ended Year Ended 30/06/2026 (Unaudited) 31/03/2026 (Audited) 30/06/2025 (Unaudited) 31/03/2026 (Audited)1 Segment Revenue (Net Sales / Revenue from Operations) 1 Mining 841.01 774.37 685.24 2,507.62 2 Power 111.25 81.65 47.36 215.72 952.26 856.02 732.60 2,723.34 Less: Inter Segment Revenue 45.62 41.97 69.96 Net Sales/Income From Operations 906.64 814.05 732.60 2,653.38 Segment Results (Operating Results): 1 Mining 208.07 171.51 172.60 607.50 2 Power (6.00) (40.98) 10.59 (79.61) Total Segment Operating Results 202.07 130.53 183.19 527.89 Un-allocable Corporate Results (50.94) (80.46) (36.45) (205.96) Total Results 151.13 50.07 146.74 321.93 Add: Interest and Dividend Income 68.79 81.67 64.93 323.62 Add : Un-allocable income net of un-allocable expenses 7.33 73.22 12.76 100.25 Add: Exceptional Items - (Expense) / Income 30.02 522.65 Net Proﬁt Before Tax 227.25 234.98 224.43 1,268.45 Segment Assets : 4 Mining 4,095.65 4,069.43 2,930.20 4,069.43 2 Power 1,224.17 1,236.57 1,164.50 1,236.57 3 Unallocated 4,004.83 3,676.98 3,943.50 3,676.98 Segment Liabilities : 9,324.65 8,982.98 8,038.20 8,982.98 1 Mining 1,215.66 1,124.84 883.79 1,124.84 2Power 106.37 116.71 72.95 116.71 Unallocated 772.93 668.69 482.29 668.69 2,094.96 1,910.24 1,439.03 1,910.24 Notes: The above results have been reviewed by the Audit Committee of the Board of Directors in its meeting held on 31st July 2026 and the same have been taken on record by the Board of Directors in its meetine held on the same date. The following Joint Ventures and Associates are considered in consolidated ﬁnancial results:Name of Entity Naini Coal Company Limited Swarnim Gujarat Flourspar Private Limited Gujarat Jaypee Cement and Infrastructure Limited Gujarat Credo Mineral Industries Limited Aikya Chemicals Private Limited Relationship Joint Venture Joint Venture Associate Associate Associate The above ﬁnancial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notiﬁed under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). 4Pursuant to the Composite Scheme of Amalgamation and Arrangement sanctioned by the Ministry of Corporate Affairs on 8th April 2026 (effective from ﬁling with RoC, Ahmedabad on 1st May 2026), the Company's investment in Gujarat State Petroleum Corporation Limited (SPC) stood extinguished. In lieu thereof, on the Record Date of 12th May 2026, the Company received 10 equity shares of R2/- each of Gujarat Energy Limited (GEL) for every 305 shares held in GSPC. Further, pursuant to demerger of gas transmission undertaking, the Company shall receive 1 equity share of 710/- each of GSPL Transmission Limited (GL) for every 3 shares held in GEL Corresponding ﬁgures of the previous periods / year's have been re-grouped / re-arranged / re-classiﬁed / restated and revised, wherever necessary, for rounding off to nearest crore rupee and / or to make them comparable with the ﬁgures of the current period. For and on behalf of the Board of Directors Place: Ahmedabad Date: July 31, 2026 Roopwant Singh, IAS Managing Director

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INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDTED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED ("the Parent"),and its share of the net profit/(loss) after tax and total comprehensive income/loss of its associates and joint ventures (“the Group”) for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity ”, issued by the Institute of C hartered Accountants of India (I CAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, to the extend applicable. 4. The Statement includes the result of the following entities: a) Naini Coal Co. Ltd (Joint Venture) b) Swarnim Gujarat Fluorspar Pvt Ltd. (Joint Venture) c) Gujarat Jaypee Cement and Infra Ltd. (Associate Company) d) Gujarat Credo Mineral Industrial Ltd. (Associate Company) e) Aikya Chemical Pvt. Ltd. (Associate Company) 5. Based on our review conducted as stated in paragraph 3 above and based on the consideration of the management certified financial statements for associate and joint venture, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

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6. The consolidated unaudited financial results include s the Parent’s share of net profit/(loss) after tax of Rs. 0.42 crore and total comprehensive income/(loss) of Rs. 0.42 crore for the quarter ended June 30, 2026, as considered in the consolidated unaudited financial results, in respect of three associates and two Joint Venture, based on their interim financial results, which are certified by the management. These financial statements are unaudited and have been certified by the management and our opinion on the statement, in so far it relates to the amount and disclosures in respect of joint ventures and associates, is based on solely on such unaudited financ ial statements. According to the information and explanations given to us by the Management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter with respect to our reliance on the financial results certified by the management of respective joint ventures and associates. For Dhirubhai Shah & Co LLP Chartered Accountants FRN: 102511W/W100298 Parth S. Dadawala Partner Membership No.: 134475 Date: July 31, 2026 UDIN:26134475URFHWQ6501 Place: Ahmedabad Parth Shishirkumar Dadawala Digitally signed by Parth Shishirkumar Dadawala Date: 2026.07.31 13:04:18 +05'30'

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INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED ("the Company"), for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended . 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of C hartered Accountants of India (I CAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Dhirubhai Shah & Co LLP Chartered Accountants FRN: 102511W/W100298 Parth S. Dadawala Partner Membership No.: 134475 Date: July 31, 2026 UDIN: 26134475URLCHW4878 Place: Ahmedabad Parth Shishirkumar Dadawala Digitally signed by Parth Shishirkumar Dadawala Date: 2026.07.31 13:03:26 +05'30'

Interim report