The company clarified that the transaction does not qualify as a related-party transaction and that neither its promoters nor promoter group entities have any interest in the contract.

Gujarat Inject (Kerala) was initially a joint-sector venture to manufacture intravenous fluids but now primarily engaged in the trading of goods. The company, promoted by Gujarat Inject Limited and the Kerala State Industrial Development Corporation, transitioned from pharmaceutical production to textile trading, focusing on integrity and stakeholder responsibility.

On the financial front, the company reported a standalone net profit of Rs 1.64 crore in Q4 FY26, compared with Rs 0.07 crore in the corresponding quarter of the previous year. Revenue from operations surged 624.1% year-on-year to Rs 30.70 crore during the quarter.