BSECompany Update5 Oct 2026 · 5 Oct 2026, 03:24 pm
Press Release/Media Release
Gujarat Inject Kerala Ltd · 524238
✦ AI Summary▲ PositiveExpansion
Gujarat Inject Kerala Ltd has announced its strategic expansion into renewable energy, including a solar power project and a significant order win for solar modules. The company has also reported robust revenue growth and profitability in FY 2025-26.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment9/10
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Gujarat Inject Kerala Ltd - 524238 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Dated :05/10/2026
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street Mumbai- 400 001
Scrip Code: 524238
Dear Sir/Ma’am,
Sub.: Submission of Media Release under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we are pleased to submit herewith a copy of the
Media Release issued by the Company.
The Media Release, inter alia, highlights the following key developments:
1. Strategic Expansion into Renewable Energy
2. Financial & Operational Highlights
3. Operational Notes & Governance Disclosures
The aforesaid Media Release is also being made available on the website of the Company.
You are requested to take the above information on record.
Thanking You.
FOR, GUJARAT INJECT KERALA LIMITED
MURLI SHIVSHANKARAN NAIR
WHOLE TIME DIRECTOR
DIN: 02243039
Gujarat Inject (Kerala) Limited Accelerates Clean
Energy Pivot: Reports Robust Revenue Growth and
Secures INR 4.86 Crore Solar Order
VADODARA / AHMEDABAD, INDIA - October 2026 - Gujarat Inject (Kerala) Limited (BSE:
524238), an emerging player expanding into the renewable power landscape, has
announced significant milestones marking its strategic transition toward clean energy,
underpinned by strong financial growth and new commercial orders.
Strategic Expansion into Renewable Energy
Marking a decisive transformation in its corporate direction, Gujarat Inject (Kerala) Limited
signed an Investment Sale Agreement with Soleos Energy Limited on 27 June 2025 to
develop solar power projects. Highlighting this strategic commitment, the Company
recognized INR 2,076.45 lacs as Capital Work in Progress (CWIP) toward its Solar Power
Generation Project, its first CWIP addition in two years.
To formalize this expansion, shareholders approved an amendment to the Company’s Object
Clause on 30 September 2025. The updated charter equips the Company to engage in the
generation, transmission, trading, and supply of electricity derived from renewable and
conventional sources, as well as ventures into Battery Energy Storage Systems (BESS) and
electric vehicle (EV) charging infrastructure. Management stated that the amendment
provides "greater flexibility to explore and undertake new business opportunities" as the
Company repositions itself for the green energy transition.
Demonstrating immediate commercial momentum in the solar space, the Company has also
secured a significant domestic purchase order valued at approximately INR 4.86 crore
(exclusive of GST) from Zentaraa Infra Projects Private Limited for the supply of 3,600 Solar
PV Modules, scheduled for execution in October 2026.
Financial & Operational Highlights
Alongside its clean energy initiatives, the Company achieved solid operational performance
during FY 2025–26 through its active trading operations:
● Revenue Expansion: Total revenue nearly doubled to INR 3,632.04 lacs, compared
to INR 1,904.58 lacs in the previous year.
● Profitability: Profit After Tax (PAT) surged to INR 181.41 lacs, up from INR 101.72
lacs in the prior fiscal year.
● Trading Business Operations: The Company maintained its ongoing business
model, recording purchases of stock-in-trade of INR 3,362.37 lacs, operating as an
agile, asset-light trading enterprise without holding finished goods inventory.
Operational Notes & Governance Disclosures
While advancing its solar asset development, no operational revenue was recognized from
the solar generation project in FY 2025–26, as operational cash flows and revenue
entitlements accrue upon the discharge of consideration payable to the seller. Independent
statutory auditors highlighted the CWIP capitalization and its eventual transition to Property,
Plant, and Equipment (PPE) as a Key Audit Matter (KAM), reflecting the scale and
materiality of the project.
The Company continues to prioritize governance, project execution, and sustainable
stakeholder value creation as it transitions from trading operations toward full-scale clean
power infrastructure.
About Gujarat Inject (Kerala) Limited
Gujarat Inject (Kerala) Limited (BSE: 524238) is a publicly listed Indian enterprise pivoting
into renewable energy solutions, solar infrastructure supply, and clean power generation.
Media & Investor Relations Contact:
Gujarat Inject (Kerala) Limited
Phone : 90046 88093
Email: prachi@proseintegrated.com
Website: www.gujaratinject.in