Gujarat Mineral Development Corporation (GMDC) has set September 23, 2026 as the record date for its proposed ₹9.50 per share final dividend for FY26. According to the company's BSE filing, shareholders will vote on this payout at the company's 63rd Annual General Meeting scheduled for September 30, 2026. If approved at the AGM, the dividend will be paid on or after October 12, 2026. The dividend proposal was originally recommended by the company's board in May 2026 and is now awaiting shareholder approval.
GMDC shares have demonstrated strong performance with a 22.93% gain over the past year, trading at ₹565.10 on September 3, 2026, compared with ₹459.70 a year earlier. As reported by the company, the stock has traded between a 52-week high of ₹771.90 and a 52-week low of ₹439.10. The company's market capitalisation stands at around ₹17,940 crore, while its price to earnings ratio is 18.79. GMDC shares ended September 3 at ₹565.10, gaining ₹7.45 or 1.34% during the session.
GMDC reported mixed performance in the June quarter of FY27. According to the company's financial results, consolidated revenue increased 1.4% quarter on quarter and 21.3% year on year. However, expenses declined 1.1% sequentially but rose 29% compared with the year ago period, which weighed on profitability. Consolidated net profit declined 15.8% quarter on quarter and fell 0.2% year on year during the quarter. The company reported earnings per share of ₹5.14 for Q1FY27.
GMDC shares showed positive momentum on September 3, ending higher for the day. As reported by the company, the stock opened at ₹560 and touched an intraday high of ₹568.55. It hit a low of ₹559.90 before closing higher at ₹565.10, gaining ₹7.45 or 1.34% during the session. The stock's recent performance reflects investor confidence ahead of the upcoming AGM and dividend announcement.
