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Gujarat Mineral Development Corpn Ltd
132 feet - Ring Road,, Vastrapur,
Phone: +91 7927913501p:+91 7927913501 AHMEDABAD, 380052  India Ticker: GMDCLTDGMDCLTD
Business Summary
Gujarat Mineral Development Corporation Limited is an India-based mining and mineral processing company. Its segments include Mining and Power. Its power products include thermal power, solar power, green footprint and wind power. Its minerals and mines products include lignite, coal, rare earths, blue hydrogen, bauxite, fluorspar, manganese, silica sand, limestone, bentonite and ball clay. They find application across diverse industries, from manufacturing hydrofluoric acid and purifying water to manufacturing glass and ceramic ware, and drilling oil. Its mines Lignite from Tadkeshwar, Rajpardi, Bhavnagar, Panandhro, Mata No Madh and Umarsar. Its 2X125 MW thermal power project at Nani Chher in Lakhpat Taluka, Kutch. Metallic and shimmery, Fluorspar is used as a raw material for manufacturing hydrofluoric acid, refrigerant gases and flux in metallurgical industries. Its Fluorspar Mine is located at Kadipani, Ambadungar. It is engaged in mining Bauxite at its Gadhsisa group of mines.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/20253/31/2025Yes----

Industries
SIC Code Description
1099 Miscellaneous metal ores, not elsewhere classified
1221 Bituminous coal and lignite surface mining
1411 Dimension stone
1499 Miscellaneous nonmetallic minerals, except fuels
1446 Industrial sand
1459 Clay, ceramic, and refractory minerals, not elsewhere classified
4911 Electric services
3241 Cement, hydraulic
3334 Primary production of aluminum

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board HasmukhAdhia 66 6/19/2023 6/19/2023
Chief Financial Officer, General Manager - Accounts Anupma K.Iyer 3/11/2024 3/11/2024
Compliance Officer, Company Secretary Joel S.Evans 1/1/2022
5 additional Officers and Directors records available in full report.

Business Names
Business Name
532181
GMDCLTD
Gujarat Mineral Development Corporation

General Information
Number of Employees: 765 (As of 3/31/2025)
Outstanding Shares: 318,000,000 (As of 3/31/2025)
Shareholders: 250,605
Stock Exchange: NSE
Fax Number: +91 7927913038


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Tuesday, October 28, 2025