Gujarat Mineral Development Corporation Ltd


BSE: 532181 | NSE: GMDCLTD | ISIN: INE131A01031 
Market Cap: [Rs.Cr.] 4,586 | Face Value: [Rs.] 2
Industry: Mining / Minerals / Metals

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Board Meet

28-May-13 
Gujarat Mineral Development Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 28, 2013, to consider and approve the audited financial results and annual consolidated financial statements for the Quarter / Year ended March 31, 2013 and to consider recommendation of Dividend by the Board for the year 2012-13, if any. 
29-Jan-13 
Gujarat Mineral Development Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 29, 2013, to consider and approve the unaudited financial results for the Quarter ended December 31, 2012 (Q3). 
15-Oct-12 
Gujarat Mineral Development Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 16, 2012, to consider and approve the unaudited financial results for the Quarter ended September 30, 2012 (Q2). With reference to the earlier announcement dated October 04, 2012 regarding Board Meeting on October 16, 2012 for unaudited financial results for the Quarter ended September 30, 2012, Gujarat Mineral Development Corporation Ltd has now informed BSE that the Board of Directors of the Company will now meet on October 15, 2012, to consider and approve the unaudited financial results for the Quarter ended September 30, 2012 (Q2). (As per BSE Announcement Dated on 04.10.2012)  
31-Jul-12 
Gujarat Mineral Development Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 31, 2012, to consider and approve the unaudited financial results for the Quarter ended June 30, 2012 (Q1). 
25-May-12 
Gujarat Mineral Development Corporation Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2012, to consider and approve the audited financial results and annual consolidated financial statements for the Quarter / Year ended March 31, 2012 and to consider recommendation of Dividend by the Board for the year 2011-12, if any. Gujarat Mineral Development Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2012, inter alia, has recommended a dividend of Rs. 3/- per share (150%) for the financial year 2011-12. (AsPer BSE Announcement Website Dated on 25/05/2012) 

AGM

28-Sep-12
AGM : 28.09.2012 Gujarat Mineral Development Corporation Ltd has informed BSE that the 49th Annual General Meeting (AGM) of the Company will be held on September 28, 2012. (As per BSE Announcement Dated on 10.09.2012) Gujarat Mineral Development Corporation Ltd has informed BSE that the 49th Annual General Meeting (AGM) of the Company was held on September 28, 2012. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE Announcement Dated on 28.09.2012) 
30-Sep-11
Gujarat Mineral Development Corporation Limited has informed the Exchange that the Annual General Meeting of the Company will be held on September 30, 2011. Gujarat Mineral Development Corporation Ltd has informed BSE that the Annual General Meeting (AGM) of the Company will be held on September 30, 2011. (As Per BSE Annoncement Website Dated on 16/09/2011) Gujarat Mineral Development Corporation Ltd has informed BSE that the members at the 48th Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have accorded to the following: 1. The Annual Accounts for the year 2010-2011 together with the comments of Comptroller & Auditor General of India have been adopted by the General Meeting. 2. Dividend @ Rs. 3/- per share has been approved by the General Meeting. 3. The General Meeting has authorized Manaing Director to fix the remuneration of Statutory Auditors appointed by the Comptroller & Auditor General of India for the year 2010-2011. (As Per BSE Announcement Website Dated on 30/09/2011) Gujarat Mineral Development Corporation Ltd has submitted to BSE a copy of minutes of the 48th Annual General Meeting (AGM) of the Company held on September 30, 2011 inter alia, have accorded the following: 1. Adoption of the 'Profit & Loss Accounts' for the year ended March 31, 2010 and the 'Balance Sheet' as at March 31, 2010 along with the Directors' Report; Report of Statutory Auditors and 'Comptroller and Auditor General of India's comments thereon.' 2. Declaration of dividend at rate of 150% on 31,80,00,000 Equity Shares of the Company of Rs. 3/- each for the year 2010-11. 3. Authority to Managing Director to fix up the remuneration and other terms and conditions of the Statutory Auditors to be appointed by the 'Comptroller and Auditor General of India' for the Financial Year 2011-12. (As Per BSE Announcement Dated on 13.10.2011) 
28-Sep-10
Gujarat Mineral Development Corporation Limited has informed the Exchange that the Annual General Meeting of the Company will be held on September 28, 2010. Gujarat Mineral Development Corporation Ltd has informed BSE that the members at the 47th Annual General Meeting (AGM) of the Company held on September 28, 2010, inter alia, have accorded to the following: 1. The Annual Accounts for the year 2009-2010 together with the comments of Comptroller & Auditor General of India have been adopted by the General Meeting. 2. Dividend @ Rs. 2.50 per share has been approved by the General Meeting. 3. The General Meeting has authorized Managing Director to fix the remuneration of Statutory Auditors appointed by the Comptroller & Auditor General of India for the year 2010-2011. (As Per BSE Announcement Website dated on 28.09.2010) 
29-Sep-09
Gujarat Mineral Development Corporation Ltd (GMDC) has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 21, 2009 to September 29, 2009 (both days inclusive) for the purpose of payment of Dividend & 46th Annual General Meeting (AGM) of the Company to be held on September 29, 2009. Gujarat Mineral Development Corporation Ltd (GMDC) has informed BSE that the members at the 46th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have accorded the following: 1. The Annual Accounts for the year 2008-2009 together with the comments of Comptroller & Auditor General of India have been adopted by the General Meeting. 2. Dividend @ Rs. 2 per share has been approved by the General Meeting. 3. The General Meeting has authorized Managing Director to fix the remuneration of Statutory Auditors appointed by the Comptroller & Auditor General of India for the year 2009-2010. 4. The General Meeting has appointed Shri. Bhadresh Mehta as Director on Board of the Company. (As Per BSE Announcement Dated on 29/09/2009) 
24-Sep-08
Gujarat Mineral Development Corporation Limited has informed the Exchange that the Annual General Meeting of the the Shareholders of the company will be held on September 11, 2008. Gujarat Mineral Development Corporation Ltd (GMDC) has informed BSE that the members at the 45th Annual General Meeting (AGM) of the Company held on September 11, 2008, inter alia, have accorded to the following: 1. Approved, confirmed and adopted the Profit & Loss Account for the year ended March 31, 2008 and the Balance Sheet as at March 31, 2008. 2. Declared dividend of 100% on 15,90,00,000 Equity Shares of the Company of Rs 2/- each for the year 2007-08. 3. Authorized the Managing Director to fix the remuneration and other terms & conditions of the Statutory Auditors appointed by the Comptroller and Auditor General of India for the Financial Year 2007-08. The meeting has been adjourned to transact the other special businesses and the same will now be held on September 24, 2008. (As per BSE Announcement dated on 11/09/2008) Gujarat Mineral Development Corporation Ltd (GMDC) has informed BSE that the adjourned 45th Annual General Meeting (AGM) of the members of the Company was held on September 24, 2008, inter alia, have approved the following: 1. Increase in the authorized share capital of the Company to Rs 150 Crores. 2. Alternation in the capital clause of the Memorandum of Association of the Company. 3. Issue of bonus shares in the ratio of 1:1. 4. Amendment in Article 115 of the Articles of Association of the Company. 5. Contribution to charitable funds in excess of the limit prescribed under the Companies Act, 1956. (As per BSE Announcement dated on 25/09/2008) 

EGM

11-Nov-02
The company has informed that an Extraordinary meeting of the shareholders of the company is scheduled on 11.11.2002 at the registered office of the company to borrow money upto Rs 2000 crores from various nationalised banks / financial institutions including Power Finance Corporation for the purpose of 250 MW Lignite based Akrimota Thermal Power Station at Nani Chher, Taluka Lakhpat, District Kutch.  

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Coal India 193,975.42 19.80 9.46 23.23 43.2 32.4 0.38
Hind.Zinc 49,795.16 7.95 1.54 5.21 23.3 26.5 0.00
NMDC 48,389.16 7.38 1.98 4.00 33.3 49.3 0.00
Sterlite Inds. 32,166.68 19.37 1.26 14.71 8.1 10.1 0.23
Sesa Goa 14,105.49 108.20 1.08 6.98 13.7 19.5 0.19
Hind.Copper 9,543.64 31.26 6.83 39.29 25.1 34.6 0.00
G M D C 4,585.56 7.35 2.24 6.90 26.2 33.9 0.01
MOIL 3,658.20 8.69 1.50 3.33 18.0 25.8 0.00
Binani Zinc 3,211.95 0.00 55.30 0.00 0.0 0.0 1.11
Orissa Minerals 1,682.88 185.50 2.10 194.26 0.4 1.0 0.00
Guj NRE Coke 1,058.03 15.45 0.67 10.59 0.2 6.6 1.00
Himadri Chemical 905.24 47.90 1.01 12.28 6.4 7.8 1.11
Indian Metals 556.10 10.32 0.67 6.96 8.4 11.7 0.88
Tinplate Co. 426.01 15.07 0.85 6.22 1.7 5.9 0.44
Sandur Manganese 292.43 15.05 0.95 9.23 2.3 7.2 0.00

Futures & Options Quote

 
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No. of Contracts Traded: NA
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Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

M Sahu , Chairman  

V S Gradhavi , Managing Director  

Vinay Vysya , Director  

Bhadresh Mehta , Director  


Company Head Office / Quarters:
Khanij Bhavan 132 Ft Ring Road,
Nr University Ground Vastrapur,
Ahmedabad,
Gujarat-380052
Phone : 91-079-27913200/3501/1662/1680/0665
Fax : 91-079-27911151/1454/3038/1822/0969
E-mail : contact@gmdcltd.com
Web : http://www.gmdcltd.com
Registrars:
MCS Ltd
101 Shatadal Complex
Ashram Road P O
Navrangpura
Ahmedabad-380009

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