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MINERAL DEVELOPMENT CORPORATION LIMITEDMain BoardEquity2025-04-012026-03-312026-05-142026-05-06INRCroresQuarterlyFourth quarterMulti segment2026-05-1416:00:002026-05-1418:25:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated81405000001548900000968940000000-25500000322400000537000004876000006801600000763980000020496000003002000002349800000-9150000049710000040560000001944200000000-33000001940900000187600000212850000019409000000187600000063600000026.16.1006.16.10.00040.180.49742025-04-012026-03-31AuditedConsolidated2653380000042387000003077250000000-558000001904800000714000001147100000202470000002331450000074580000005226500000126845000002710200000400500000311070000009573800000000-71000009566700000-42900000952380000095667000000-42900000063600000027009140000030.0830.080030.0830.080.00040.25381.8334Higher duue to low interest cost compare to proift Royalties and other tax levies794400000GST Compensatory Cess Expenses0Loading of lignite and overburden removal expenses3879100000Other Expenses2128100000Royalties and other tax levies2378600000GST Compensatory Cess Expenses1307500000Loading of lignite and overburden removal expenses10919100000Other Expenses564180000014804000000215110000034020000004994900000103255000000046354000000651000001395720000018657700000622560000057499000000961400000071660000094310000044581000004460000014855900000210183000006627000009681400000323238000007000000089829800000636000000700914000007072740000007072740000027907000000004402000003230900000720500000081630000005080000011303000000294800000203000002567000000258730000030471000005929200000177330000096900000007799400000001910240000089829800000Security deposits51300000Bank Deposits with Original maturity more than 12 Months132100000Bank Deposits with Original maturity more than 12 Months (Security against guarantees)0Deposits with Corporate Bodies1973700000Balance with banks in Escrow Accounts11669000000Advance to others (Proposed JV to be formed with MOIL)76900000Others - Receivable from KEPCO54200000Deposits with Corporate Bodies - Doubtful421200000Others *3800000Less: Provision for impairment-425000000Capital advances197000000Advances to contractors / suppliers602200000Balances with Government Authorities3714800000Prepaid expenses171400000Non-Current Tax Assets (Net)1540200000Security deposits35000000Bank Deposits with Original maturity more than 12 Months (Security against borrowings (overdraft facility)/guarantees)109600000Deposits with Corporate Bodies14017700000Advance for Gratuity to Employee205400000Government Grant Receivables420000000Others68200000Balances with Government Authorities8435400000Prepaid Expenses289500000Advances to contractors / suppliers33200000Stripping Activity Adjustment Assets923300000Lease Liabilities72500000Security and other deposits liability - NC367700000Deferred Operation & Maintenance Liability50600000Others200000Lease Liabilities7100000Capital creditors -Total outstanding dues of creditors other than micro enterprises and small enterprises1954800000Unpaid Dividends18500000Security and other deposits liability - NC394000000Earnest money deposits77000000Other financial liabilities595700000Advance from customers (Contract Liabilities)461600000Statutory taxes payable843200000Deferred Government Grant420000000Others - C48500000Mining7743700000Power816500000Mining25076200000Power2157200000856020000027233400000419700000699600000814050000026533800000Mining1715100000Power-409800000Mining6075000000Power-796100000130530000052789000005370000071400000-1098200000-7477000000234980000012684500000Mining40694300000Power12365700000530600000003676980000089829800000Mining11248400000Power116710000012415500000668690000019102400000The above results have been reviewed by the Audit Committee of the Board of Directors in its meeting held on 13th May 2026 and have been taken on record by the Board of Directors in its meeting held on 14th May 2026. <BR> <BR> The Board of directors has recommended _% dividend ( Rs. ) per equity share of Rs. 2 each for the financial year ended March 2026 subject to the approval of the shareholders in the annual general meeting. <BR> <BR> The above financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). <BR> <BR> With the recent changes in GST Rate with effect from 22nd September,2025 on the supply of Lignite (from earlier 5 percentage to now 18 percentage supplemented with removal of compensation cess), the Group is eligible to utlise GST Input Credit of Rs. 492.63 Crores (available in ECL), which was expensed out in earlier financial periods considering remote possibilities of utilisation of input tax credit against output tax liabilities when the supply of lignite was under inverted duty structure. Accordingly, the Group has recognized the input tax credit asset of Rs. 492.63 Crore with consequential credit as an exceptional item in the Statement of Profit and Loss considering revised realisation estimate owing to cessation of inverted duty structure. <BR> <BR> ITC pertaining to earlier years which were under litigation and was written off in books of accounts, has now been restored following withdrawal of appeal approved by the Joint Commissioner of State Tax. Accordingly, Rs .30.02 crore has been recognised as ITC asset with a corresponding exceptional item in the Statement of Profit and Loss. <BR> <BR> Government of India has consolidated 29 labour laws into four new Codes(Codes) effective November 21, 2025. On the basis of the provisions of the Codes, the Group has assessed its immediate financial impact Rs. 3.02 crore and recognised it in the quarter ended 31 March 2026. A full impact evaluation on employee benefits will be conducted upon the notification of all Central/State rules. <BR> <BR> During the current financial year, the Group has reassessed it's control over Gujarat Mineral Research and Industrial Consultancy Society (GMRICS) and GMDC Science and Research Centre. The Group exercised the significant judgment and assessed that the Group does not exercise the control lacking an exposure to the variable returns. Hence, with effect from 1st April, 2025, these entities ceases to be a subsidiary of the Group. Accordingly, the assets and liabilities pertaining to these entities as included in the comparative year ended 31 March 2025 have been derecognized as on 1 April 2025 and the resulting loss of Rs. 26.56 crore is accounted as Other Expenses in the Statement of Profit and Loss for the quarter and year ended 31st March 2026. <BR> <BR> Gujarat Foundation for Entrepreneurial Excellence is a company incorporated under section 8 of the Companies Act 2013 and this company is prohibited to give any right over their profits to its members. In view of restrictions on Section 8 companies, the Group has discontinued equity accounting for the investments in this joint venture with effect from 1st April 2025 and the investment in this joint venture is carried at cost as on 31st March 2026 in the consolidated financial statements. The loss amounting to Rs. 6.87 Crore between the carrying value as on 31 March 2025 and its cost is reversed and accounted as "Loss on de-recognition of assets and liabilities" under Other Expenses in the Statement of Profit and Loss for the year ended 31st March 2026. <BR> <BR> The figures for the quarter ended 31st March 2026 and 31st March 2025 are the balancing figures between audited figures in respect of the full financial year ended 31st March 2026 and 31st March 2025 and published unaudited year - to -date figures up to third quarter of the respective financial year. <BR> <BR> Corresponding figures of the previous periods / year's have been re-grouped / re-arranged / re-classified / restated and revised, wherever necessary, for rounding off to nearest crore rupee and / or to make them comparable with the figures of the current period.71400000-481000001253000000-116710000000-33760000001686000000900600000011471000000198960000001276300000009380000017849000000000019020000002437600000151221000000001514200000-617070000074372000000000000015400000103403000000000000000000000093800000166730000002435100000-6128700000000000001841100000011900000321180000015680000000-1539400000-2309000000-2309000001174000000943100000Changes in fair value of equity instruments measured at fair value through other comprehensive income ( FVTOCI)134100000Remeasurement of post - employment benefit obligations55000000189100000Changes in fair value of equity instruments measured at fair value through other comprehensive income ( FVTOCI)-131400000Remeasurement of post - employment benefit obligations108400000-2300000015000001990000000187600000-42900000AuditedtrueDhirubhai & Shah Co.true2028-11-30