Inflame Appliances Incorporates Associate Company Tricoree Machmatrix Private Limited, Acquires 34% Stake

Inflame Appliances Limited has incorporated a new associate company, Tricoree Machmatrix Private Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The incorporation was disclosed to BSE Limited on May 14, 2026, through an intimation signed by Aditya Kaushik, Chairman and Managing Director. The newly formed entity was incorporated on May 13, 2026, and operates under CIN U26109HR2026PTC145425.

Key Details of the Incorporation

The following table summarises the key parameters of the associate company incorporation as disclosed under Annexure A of the regulatory filing:

Parameter:	Details
Entity Name:	Tricoree Machmatrix Private Limited
CIN:	U26109HR2026PTC145425
Date of Incorporation:	May 13, 2026
Nominal Share Capital:	Rs. 3,00,00,000/-
Turnover:	Nil (newly incorporated company)
Stake Held by Inflame Appliances:	34% of paid-up share capital
Cash Contribution:	Rs. 1,02,00,000/- (Rupees One Crore Two Lakhs Only)
Nature of Consideration:	Cash Consideration
Country of Presence:	India
Regulatory Approvals Required:	Not Applicable

Business Scope of Tricoree Machmatrix Private Limited

Tricoree Machmatrix Private Limited has been incorporated to operate in the manufacture of electronic components, embedded systems, and electric motors. The company's business activities span a broad range of products and services, including:

Designing, developing, manufacturing, assembling, trading, importing, and exporting electronic components and systems
Printed Circuit Boards (PCBs), embedded systems, IoT-enabled devices, smart modules, and control systems used in kitchen appliances, chimneys, ventilation, and industrial equipment
Manufacture and trade of electric motors and electromechanical devices such as suction motors, blower motors, sealed motors, and allied products
Products catering to household, commercial, and industrial applications

According to the filing, the business of Tricoree Machmatrix Private Limited is in line with the main line of business of Inflame Appliances Limited.

Shareholding and Related Party Status

Inflame Appliances holds a 34% stake in Tricoree Machmatrix Private Limited through its Authorized Representative, Mr. Rajesh Kumar Taneja. As a result of this stake, Tricoree Machmatrix Private Limited will become a Related Party of Inflame Appliances Limited. However, the company has clarified that the initial subscription to the share capital of the associate entity does not fall within the purview of Related Party Transactions.

No governmental or regulatory approvals are required for this incorporation, and no indicative time period for completion has been specified, as both parameters are noted as "Not Applicable" in the regulatory disclosure.

Inflame Appliances Limited announced significant board changes following a meeting held on April 15, 2026, at its corporate office in Panchkula, Haryana. The board meeting, conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 3:40 PM and concluded at 4:00 PM.

Director Resignation Details

The board accepted the resignation of Mr. Ashwani Kumar Goel (DIN-08621161) from his position as Whole-time Director, effective April 15, 2026. In his resignation letter dated April 14, 2026, Mr. Goel cited personal reasons for his departure and confirmed that no other material reasons contributed to his decision.

Resignation Details:	Information
Director Name:	Mr. Ashwani Kumar Goel
DIN:	08621161
Position:	Whole-time Director
Effective Date:	April 15, 2026
Reason:	Personal reasons
Resignation Date:	April 14, 2026

New Director Appointment

On the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Amit Kaushik as an Additional Director, effective April 15, 2026. The appointment is subject to shareholder approval at the ensuing General Meeting.

Appointment Details:	Information
Name:	Mr. Amit Kaushik
New Position:	Additional Director
Current Role:	Chief Executive Officer (CEO)
Effective Date:	April 15, 2026
Status:	Subject to shareholder approval
Designation:	CEO and Additional Director

Profile and Experience

Mr. Amit Kaushik brings extensive experience to his expanded role within the company:

Experience: Over 29 years in business promotion and strategic leadership
Focus Areas: Long-term financial sustainability, product development, supplier relations, sales, marketing, and international operations
Education: Bachelor's degree in Economics
Expertise: International trade and Indian appliances market

Family Relationships Disclosure

The company disclosed Mr. Amit Kaushik's family relationships within the organization:

Relationship:	Details
Brother of:	Mr. Aditya Kaushik, Chairman and Managing Director
Father of:	Anusheel Kaushik, Whole-time Director

Regulatory Compliance

The board changes were announced in compliance with SEBI regulations and BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018. The company confirmed that Mr. Amit Kaushik is not debarred from holding the office of Director by virtue of any SEBI Order or other regulatory authority.

The meeting was conducted at the company's corporate office located at Village Bagwali, Khasra No. 40/14-15-16-17/1, Block - Raipur Rani, NH - 73, Panchkula-134202, Haryana. The announcement was signed by Aditya Kaushik, Chairman and Managing Director (DIN: 06790052).