Gujarat Mineral Development Corporation Limited (GMDCLTD) — Corporate Action

📢 Key Event
GMDCLTD proposes ₹9.50 per share dividend (475% payout) for FY 2025–26, pending shareholder approval at AGM

🔄 What Changed
Recognized ₹492.63 crore GST input credit as exceptional item due to GST rate change; restored ₹30.02 crore ITC asset after appeal withdrawal; derecognized subsidiaries resulting in ₹26.56 crore loss

🔮 What's Next
None

💡 Investor Takeaway
The dividend reflects strong profitability despite tax-related adjustments, with shareholder approval required before payment

GMDCLTD announced a ₹9.50 per share dividend (475% payout) for FY 2025–26, subject to shareholder approval at the AGM, following audited results showing ₹1,485.59 crore total income and [amount context mismatch] crore profit before tax. The Board approved the payout after recognizing [amount context mismatch] crore of previously expensed GST input credit as an exceptional item due to a GST rate hike on lignite, alongside a ₹30.02 crore ITC asset restoration from resolved tax litigation. Segment revenue stood at ₹774.37 crore from Mining and ₹81.65 crore from Power, with total segment assets at ₹8,978.89 crore. The unmodified audit confirms compliance, though derecognition of subsidiaries contributed to a net loss in other expenses.

📄 View Original Announcement (PDF)

📊 Stock Analysis — GMDCLTD ✨ Ask AI About This