Inflame Appliances Ltd

AGM and voting details

• AGM scheduled for Sept 7, 2026 at 11:00 IST via VC/OAVM.
• E-voting window: Sept 4, 2026 09:00 IST to Sept 6, 2026 17:00 IST; cutoff Aug 31, 2026.
• Annual Report 2025-26 available for download on the company's site; link path provided.
• Letter to members providing AR web-link sent; targets those without registered email addresses.
• Members to update email and KYC details with their DP for communications.
• This is the 9th AGM of Inflame Appliances Limited.

Appointment of Cost Auditor

• Board approved Balwinder and Associates as Cost Auditor for FY 2026-27.
• Firm Balwinder and Associates, Cost Accountants (Reg No. 000201) appointed.
• Date of appointment: August 12, 2026; term: Financial Year 2026-27.
• Appointment based on Audit Committee recommendation; Board approval obtained.

Financial Performance

• Standalone revenue from operations ₹15197.36 lakhs; up 43.13% YoY.
• Consolidated revenue ₹15024.55 lakhs; PBT ₹805.60 lakhs; PAT ₹579.70 lakhs.
• Consolidated EBITDA ₹1943.88 lakhs; Standalone EBITDA ₹1931.37 lakhs.
• Dividend not declared for FY2025-26.
• Profit retained in reserves; no transfer to reserves.

Capital Structure & Shareholding

• Authorised share capital ₹10.5 crore; issued capital ₹7.491 crore.
• No change in authorised or paid-up capital during year.
• Promoter holdings: Aditya Kaushik ~22.6%, Anita Kaushik ~17.7%, Amit Kaushik ~4.1%.
• Total outstanding equity shares: 74,91,000.

Subsidiaries & Associates

• Flamecraft Industries LLP became a 51% subsidiary on 01 Sept 2025.
• Subsidiary turnover ₹216.38 lakhs; PBT ₹12.17 lakhs; PAT ₹7.91 lakhs (subsidiary data in annexure).
• Post-year: Tricoree Machmatrix Pvt Ltd formed 13 May 2026 and became an associate.

Governance & Leadership

• Amit Kaushik appointed Additional Director on 15 Apr 2026; proposed MD & CEO subject to AGM approval.
• Aditya Kaushik redesignated as Chairman and Non-Executive Non-Independent, effective 12 Aug 2026.
• Naveen Kumar reappointed Whole-Time Director for one year from 29 Sept 2026.
• Ashwani Kumar Goel resigned as WTD on 15 Apr 2026; Divya Mewara appointed CS from 01 Jan 2026; Zalak Shah resigned 01 Jan 2026.
• Amit Kaushik resigned as CFO on 09 Sept 2025; Bindu Bhardwaj appointed CFO on 10 Sept 2025.

Risk & Outlook

• Indian kitchen appliances market expected to grow with modular, premium, and smart products.
• Risks include raw material price volatility and intense competition.
• Strategy emphasizes automation, backward integration, and premium product portfolio.
• Export opportunities in Africa, the Middle East, and Southeast Asia.

Energy & Technology

• Hyderabad facility operates a 500 kW solar plant; Panchkula plant to add 641 kW capacity.
• Automation includes integrated glass processing line and robotics; productivity gains achieved.
• No imported technology; ongoing in-house R&D and process upgrades.
• No separate R&D expenditure disclosed; ongoing process improvements.

Audit & Compliance

• Statutory auditors Gandhi Minocha & Co.; no qualifications; five-year term to 2028.
• Secretarial audit by Mittal V. Kothari & Associates flagged delay in Flamecraft LLP disclosure; corrective actions taken.
• Cost auditors Balwinder & Associates appointed; remuneration ratified for FY2026-27.
• CSR is not applicable; compliance framework maintained.

CSR & ESG

• CSR provisions not applicable for the year; company pursues social responsibilities where feasible.

AGM Details

• 9th AGM on Sep 7, 2026 at 11:00 AM IST via VC/OAVM.
• Cut-off date for voting entitlement: Aug 31, 2026.
• Remote e-voting window: Sep 4–6, 2026; results by Sep 9, 2026.
• VC/OAVM attendance limited to 1000 members on a first-come basis.
• Proxy facility not applicable for VC/OAVM meetings.

Key Resolutions

• Adopt Audited Standalone and Consolidated Financial Statements for the year ended 31 Mar 2026.
• Re-appoint Anusheel Kaushik as Director, retiring by rotation.
• Re-appoint Naveen Kumar as Whole-Time Director for one year.
• Approve loans/guarantees/security to subsidiaries/associates up to Rs 25 crore.
• Appoint Amit Kaushik as Managing Director for three years.
• Change designation of Aditya Kaushik to Chairman and Non-Executive Director; approve remuneration.
• Ratify remuneration of Balwinder & Associates as Cost Auditor for FY2026.
• Ratify remuneration of Balwinder & Associates as Cost Auditor for FY2027.

Director Changes

• Naveen Kumar re-appointed as Whole-Time Director for one year from Sep 29, 2026.
• Anusheel Kaushik re-appointed as Director, retiring by rotation.
• Amit Kaushik appointed as MD for three years with approved remuneration.
• Aditya Kaushik designation changed to Chair and Non-Executive Director; remuneration approved.

Auditor Appointments

• Balwinder & Associates to audit cost records for FY2026 at Rs 1,50,000 plus taxes.
• Balwinder & Associates to audit cost records for FY2027 at Rs 1,10,000.

Material Related Party Transactions

• Special resolution to provide loans/guarantees/security to group entities up to Rs 25 crores per year.
• Loans/guarantees to be used for the borrowers' principal business activities.

Appointments/Resignations

• Re-appoint Naveen Kumar as Whole Time Director for one year from Sep 29, 2026, subject to shareholders' approval.
• Appoint Amit Kaushik as Managing Director, subject to shareholder approval; to hold CEO and MD roles.
• Change Aditya Kaushik's designation to Chairman and Non-Executive Non-Independent Director; effective Aug 12, 2026, subject to approval.

Corporate Actions

• Approval for loans/guarantees or providing security under Section 185 of the Companies Act, 2013.
• Approved Draft Directors' Report for FY2025-26 with annexures for inclusion in Annual Report 2025-26.

AGM/EVoting

• Decided to call the 9th AGM on Sep 7, 2026 at 11:00 AM via VC/OAVM.
• Approved AGM schedule with remote e-voting cutoff and start/end dates.
• Approved NSDL as Remote E-Voting Agency for AGM resolutions.
• Appointed M/s SCS and CO LLP as Scrutinizer for AGM e-voting.

Key metrics

• Chimney volumes rose 42% YoY to 64,103 units in Q1 FY27.
• Total revenue grew 34% YoY to ₹35.6 crore (unaudited) in Q1 FY27.
• Capacity utilisation improved to 42.7% in Q1 FY27 from 30.2%.
• Incorporated Tricoree Machmatrix Private Limited as associate with 34% equity stake.
• Company continues to strengthen its position as an OEM/ODM kitchen appliance manufacturer.
• Prices revised from July 2026 to mitigate higher raw material costs.
• All figures in the update are provisional and unaudited.

Certificate submission

• Certificate under Reg. 74(5) for the reporting quarter enclosed.

CFO resignation details

• Name of resigning CFO: Ms. Bindu Bhardwaj.
• Relieved from duties effective July 16, 2026.
• Reason for resignation: personal reasons and commitments.
• No other material reasons for resignation.
• Resignation accepted by the Board.
• No interim or replacement CFO announced.

KMP update and authorization

• Updated list of Key Managerial Personnel authorized for materiality determinations and disclosures.
• Effective date: July 15, 2026.
• Amit Kaushik named CEO and Additional Director; contact details provided.
• Anusheel Kaushik named Whole Time Director.
• Divya Mewara named Company Secretary and Compliance Officer.
• Corporate office address: Village Bagwali, Khasra 40/14-15-16-17/1, Panchkula, Haryana.
• Phone: +917496979231; Email: cs@inflameindia.com.