Outcome of AGM

• Security Code: 532181
• Company: GMDCLTD

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 Managing Director to fix the remuneration of Statutory Auditors appointed by the Comptroller & Auditor General of India for the year 2010-2011.