NewsGujarat Inject Kerala Limited Announces Resignation of Managing Director and Appointment of New Whole Time DirectorGujarat Inject Kerala Limited Announces Resignation of Managing Director and Appointment of New Whole Time Director
Gujarat Inject Kerala Limited's Board of Directors, at its meeting on May 16, 2026, approved the resignation of Mr. Murli Shivshankaran Nair as Managing Director and Chairman with immediate effect, citing personal commitments. Concurrently, Mr. Deepak Diwan Bachwani was appointed as Whole Time Director and designated Chairman, effective May 16, 2026, subject to member approval. Mr. Bachwani is an entrepreneur and strategist with 16+ years of experience in cross-border trade, logistics, and ESG-driven sustainability initiatives across the GCC, Europe, and India. The disclosures were made in compliance with Regulation 30 of the SEBI Listing Regulations, 2015.
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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:
| Parameter: | Mr. Murli Shivshankaran Nair | Mr. Deepak Diwan Bachwani |
|---|---|---|
| Nature of Change: | Resignation | Appointment |
| Previous Designation: | Managing Director & Chairman | Non-Executive Director |
| New Designation: | — | Whole Time Director & Chairman |
| Effective Date: | May 16, 2026 | May 16, 2026 |
| DIN: | 02243039 | 05302407 |
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.
How might Mr. Bachwani's expertise in cross-border trade and carbon credit initiatives shift Gujarat Inject Kerala Limited's strategic focus and revenue mix over the next 12-24 months?
Will the simultaneous resignation of the founding Managing Director and the transition to a new Chairman create any short-term operational or investor confidence challenges for the company?
Could Mr. Bachwani's background in GCC and European green ventures signal a potential pivot toward ESG-linked business segments or international market expansion for the company?
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