Gujarat Inject Kerala Ltd has entered into a strategic business partnership with Storenergy Limited to pursue Thermal Energy Storage System (TESS) opportunities in India. The agreement, disclosed on August 24, 2026, marks the company’s move into the energy storage sector.

The partnership is structured as a framework agreement with Storenergy Limited, a company incorporated in England. Under the terms of the deal, both entities will collaborate on the evaluation, development, and pursuit of TESS projects within the Indian market.

Deal Structure and Terms

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailing the arrangement. Key aspects of the agreement include:

Commercial terms for the partnership have not been finalized and will be decided at a later stage. The filing confirms that the transaction is not a related-party transaction.

Strategic Implications

Management indicated that the arrangement is expected to facilitate Gujarat Inject Kerala’s participation in the TESS business and related opportunities in the Indian market. The collaboration aims to leverage Storenergy’s expertise in thermal energy storage to address emerging demand in India.

Commenting on the development, Murlisnair Shivshankaran Nair, Managing Director of Gujarat Inject Kerala Ltd, stated that India's energy sector is undergoing a significant transition. He noted that the partnership provides an opportunity to explore the Renewable Energy Storage System segment in a focused manner, aiming to build a strong presence in this emerging area.

No financial impact or revenue projections were disclosed in the initial filing. The company did not specify the duration of the partnership or any immediate capital expenditure requirements associated with the framework agreement.

Gujarat Inject Kerala Limited shareholders have approved the company’s name change to Regenova Renewtech Limited. The adjourned extraordinary general meeting (EGM) held on August 19, 2026, saw both special resolutions pass with overwhelming support.

The board also secured approval to rescind a special resolution previously passed on April 3, 2025. Scrutinizer Utkarsh Shah & Co. confirmed that all resolutions were passed with the requisite majority.

Voting Results

Remote e-voting commenced on August 8, 2026, and concluded on August 11, 2026. The EGM was conducted via video conferencing in compliance with SEBI LODR regulations. A total of 31,256,037 votes were polled out of 14.65 crore shares held by public non-institutional investors, representing a 21.34% turnout.

The resolution to rescind the earlier special resolution received unanimous support from all voting shareholders. The name change proposal saw minimal dissent, with only 1,827 votes cast against it.

Meeting Proceedings

Chairman and Managing Director Murali Nair chaired the meeting, which began at 3:30 pm and concluded at 3:41 pm. Chief Financial Officer Radadiya HardikKumar AnilBhai also attended via video conferencing. Approximately 39 members participated remotely. No requests for registered speakers were received during the session.

As per regulatory requirements under Regulation 30 of SEBI (LODR) 2015, the final voting results have been disseminated on stock exchanges and uploaded to the company’s website and CDSL portal.