GMDC - Outcome of AGM

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.