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.

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.

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:

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).

Inflame Appliances Limited has delivered robust financial performance for FY26, demonstrating strong growth across key operational metrics. The kitchen appliances manufacturer reported significant expansion in both revenue and volumes, supported by improved operational efficiency and market positioning.

Financial Performance Overview

The company's financial results showcase consistent growth momentum across different reporting periods:

The full-year revenue growth of 45% to ₹156.6 crore represents the company's strongest annual performance, while H2FY26 showed particularly robust momentum with 46% growth to ₹80.2 crore.

Volume Growth and Market Expansion

Chimney volumes demonstrated impressive expansion across all reporting periods:

The company achieved full-year volume growth of 38% to 2,68,572 units, with H2FY26 showing exceptional momentum at 52% growth. Management noted significant spillover demand in April due to pent-up demand from Q4FY25, indicating sustained market interest.

Operational Efficiency Improvements

Key operational metrics showed substantial improvement:

• Blended realisations: Increased approximately 14% year-on-year in FY26, driven by better pricing strategies and favourable product mix across manufacturing plants
• Capacity utilisation: Improved to 45% in FY26 from 32% in the previous year, with Q4 FY26 reaching 39% compared to 32% last year
• Operating leverage: Enhanced through better capacity utilisation across both manufacturing facilities

Management Commentary

CEO Amit Kaushik highlighted the company's strategic focus: "We delivered a steady performance in H2 FY26 and a strong full-year FY26, driven by healthy volume growth and improved realisations. The overall momentum remained robust with volumes growing 38% and revenue 45% for the year. Improved product mix and pricing supported realisations, while better capacity utilisation enhanced operating leverage. We remain focused on sustaining growth through efficient execution and gradual premiumisation."

Business Outlook

The company's performance reflects strong demand in the kitchen appliances segment, particularly for chimney products. The combination of volume growth, improved realisations, and enhanced operational efficiency positions Inflame Appliances for continued expansion. Management's focus on gradual premiumisation and efficient execution indicates a strategic approach to sustainable growth in the competitive appliances market.