Gujarat Inject (Kerala) Ltd announced the demise of Mr. Deepak Diwan Bachwani, who served as Whole-Time Director, Chief Financial Officer, and Chairman, on 23 June 2026. The company informed the exchanges that his passing necessitates changes to its leadership structure, with Mr. Bachwani ceasing to be the Whole-Time Director and Chief Financial Officer effective immediately. The Board of Directors expressed their deepest condolences to the bereaved family, acknowledging his invaluable guidance and contribution during his tenure.

The disclosure was made to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also provided details as required under SEBI Circular No. CIRCULARHO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026.

The regulatory filing outlined the specifics of the cessation of office. The reason for the change was recorded as death, with the date of cessation noted as 23 June 2026. The document confirmed that the departing director did not hold directorships in any other listed entities.

Key Disclosures

gujarat inject Kerala Limited has secured a purchase order worth Rs. 14.49 crore from Deon Energy Limited for the supply of 16,129 Solar PV Modules of 620 WP capacity. This order strengthens the company's presence in the renewable energy sector and supports its strategic expansion into India's solar infrastructure market. The contract comes as the company reported robust financial growth, with revenue nearly doubling in FY26.

The latest order follows a series of Solar PV Module contracts secured from customers including Earthwave Technology, Perfect Renewtech and Surja Infra. With the addition of the Deon Energy order, the company continues to build a strong order pipeline. The order win comes on the back of a strong financial performance delivered during FY26, where revenue from operations increased 91% year-on-year.

Financial Performance FY26

Gujarat Inject Kerala Limited reported significant growth in financial metrics for the fiscal year ended March 31, 2026. Revenue from operations rose to Rs. 36.32 crore from Rs. 19.05 crore in the previous year. Net Profit for the year increased to Rs. 1.81 crore from Rs. 1.02 crore, reflecting a growth of 78%.

The company delivered an exceptional performance during Q4FY26 as well. Revenue from operations for the quarter surged to Rs. 30.70 crore from Rs. 4.24 crore in Q4FY25. Profit after tax for Q4FY26 rose sharply to Rs. 1.64 crore compared to Rs. 0.07 crore reported in the corresponding quarter last year.

Strategic Expansion

The company's strategic diversification into Solar PV Modules and renewable energy-related operations has emerged as a key growth driver. India's renewable energy sector continues to witness robust policy support and increasing investments. As part of its ongoing business transformation, the company recently received approval for the proposed change of name to Regenova Renewtech Limited.

Commenting on the development, Mr. Deepak Diwan Bachwani, Executive Director, Gujarat Inject Kerala Limited, said the order reflects growing customer confidence in the company's capabilities. He added that the focus remains on timely execution and expanding participation across the solar ecosystem while creating sustainable value for stakeholders.