Gujarat Inject has reported its audited standalone financial results for the year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026. The statutory auditors, M/s. S. Mandawat & Co., issued an audit report with an unmodified opinion on the financial statements.

For the fiscal year 2026, the company recorded a net profit of ₹1.81 crore, a significant increase from ₹1.02 crore in the previous year. Revenue from operations surged to ₹36.32 crore, up from ₹19.05 crore in FY25. Total income for the year stood at ₹36.52 crore compared to ₹19.23 crore in the corresponding prior period.

Financial Performance Overview

The company's expenses for the year totaled ₹34.01 lakh, up from ₹17.97 lakh in the previous year. Profit before exceptional items and tax for the year was ₹2.50 crore, compared to ₹1.25 crore in FY25. The tax expense for the year amounted to ₹0.69 crore.

Quarterly Results

For the quarter ended March 31, 2026, the company reported a net profit of ₹1.64 crore. Revenue from operations for the quarter stood at ₹30.70 crore. Total income for the quarter was ₹30.70 crore, with total expenses amounting to ₹28.43 lakh.

Strategic Developments

Strengthening its presence in the solar segment, the company has secured multiple purchase orders for Solar PV Modules from various customers including Earthwave Technology, Perfect Renewtech and Surja Infra. The company received orders worth approximately ₹6.07 crore from Earthwave Technology, ₹0.61 crore from Surja Infra, and additional orders worth ₹3.49 crore and ₹3.11 crore respectively from Earthwave Technology. An order worth approximately ₹1.21 crore was secured from Perfect Renewtech. The company has also installed a 5MW solar project at Jakasana, Mehsana (Gujarat).

Corporate Update

As part of its strategic business transformation, Gujarat Inject Kerala Limited has received approval for change of its name to REGENOVA RENEWTECH LIMITED, along with consequential alterations in the Memorandum of Association and Articles of Association of the company. The proposed name change reflects the company's evolving business vision and long-term strategy to strengthen its presence across diversified and future-oriented business segments.

Balance Sheet Highlights

As of March 31, 2026, the company's total assets stood at ₹36.67 crore, a substantial increase from ₹11.95 crore in the previous year. Equity share capital remained constant at ₹14.63 crore. Total current liabilities increased to ₹24.84 crore from ₹1.94 crore in the prior year.

In a regulatory filing submitted to BSE Limited on May 16, 2026, Gujarat Inject Kerala Limited disclosed key changes to its senior leadership, as approved by its Board of Directors at a meeting held on Saturday, May 16, 2026. The board meeting commenced at 06:00 P.M. and concluded at 06:45 P.M., during which the resignation of the Managing Director and the appointment of a new Whole Time Director were formally taken on record.

Leadership Transition at a Glance

The board approved two significant changes to the company's top management structure on the same date. The following table summarises the key details of both developments:

Resignation of Managing Director

Mr. Murli Shivshankaran Nair tendered his resignation from the office of Managing Director (Director and KMP) and Chairman of the company vide resignation letter dated May 16, 2026, citing pre-occupation and other personal commitments. He was relieved from his responsibilities with immediate effect. Mr. Nair confirmed that there are no other material reasons for his resignation beyond those stated in his resignation letter. The resignation was accepted by the Board and the necessary regulatory disclosures have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of New Whole Time Director

Following Mr. Nair's departure, the Board approved the appointment of Mr. Deepak Diwan Bachwani as Whole Time Director, marking a change in his designation from Non-Executive Director to Whole Time Director. He has also been designated as Chairman of the company, effective May 16, 2026. This appointment is subject to the approval of members at the ensuing general meeting.

Profile of the Incoming Director

Mr. Deepak Diwan Bachwani brings a diverse professional background to his new executive role. Key highlights of his profile include:

• Experience: Entrepreneur and strategist with 16+ years of experience
• Core Areas: Cross-border trade, logistics, and ESG-driven sustainability and carbon credit initiatives
• Expertise: Building high-trust international supply chains and creating circular-economy solutions
• Geographic Reach: Scaling green ventures across the GCC, Europe, and India
• Approach: Combining commercial acumen with a purpose-driven approach to deliver business impact and societal value

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 read with Part A, Para A of Schedule III of the SEBI Listing Regulations, 2015, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. All requisite details, including the resignation letter, have been enclosed with the filing submitted to the Listing Department of BSE Limited.