Inflame Appliances Limited, a prominent player in the appliance industry, has announced significant changes in its top finance leadership. The company's board of directors approved these changes during a meeting held on September 9, 2025, following recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee.

Kaushik's Transition

Amit Kaushik, who has been serving as both Chief Financial Officer (CFO) and Chief Executive Officer (CEO) of Inflame Appliances, has decided to step down from his role as CFO. His resignation from the CFO position is effective September 9, 2025. In his resignation letter, Kaushik stated that this decision was made to allow him to devote more time and attention to his responsibilities as CEO of the company.

Kaushik expressed his belief that the role of Chief Financial Officer should be entrusted to a professional who can dedicate focused attention to the financial management of the Company. He also confirmed that there were no other material reasons for his resignation beyond those mentioned.

New CFO Appointment

To fill the vacancy left by Kaushik's departure from the CFO role, the board has appointed Dr. Bindu Bhardwaj as the new Chief Financial Officer, effective September 10, 2025.

Dr. Bhardwaj brings a wealth of experience to her new role at Inflame Appliances. She is a Chartered Accountant with over 25 years of diverse experience in finance, accounting, taxation, internal audit, procurement management, and academic administration. Her academic credentials include a Ph.D. from Thapar University, underlining her commitment to continuous learning and expertise in her field.

Dr. Bhardwaj's Professional Background

Prior to joining Inflame Appliances, Dr. Bhardwaj served as Deputy Registrar at Thapar University. In this role, she handled a wide range of responsibilities, including:

• Procurement management
• Financial planning
• Budget finalization
• Asset management
• Statutory compliance
• Digital integration of institutional processes

Throughout her career, Dr. Bhardwaj has demonstrated expertise in financial policy formulation, ERP implementation, and process improvement. She has also contributed to academic development in accounts and taxation as a Visiting Faculty at various institutes.

Implications for Inflame Appliances

This leadership transition in the finance department comes at a time when companies are increasingly focusing on strong financial management and strategic planning. With Kaushik concentrating solely on his CEO responsibilities and Dr. Bhardwaj bringing her extensive experience to the CFO role, Inflame Appliances appears to be positioning itself for more focused leadership in both executive management and financial operations.

The company's decision to separate the CEO and CFO roles aligns with best practices in corporate governance, potentially leading to more specialized attention to each critical area of the business.

As Inflame Appliances navigates this transition, stakeholders will likely be watching closely to see how these changes impact the company's financial strategies and overall performance in the competitive appliance industry.

Inflame Appliances Limited , a leading manufacturer of kitchen appliances, has announced its 8th Annual General Meeting (AGM) to be held on August 29, 2025, via video conferencing. The company has reported strong financial performance for the fiscal year 2024-25, with revenue from operations reaching ₹10,617.70 lakhs, marking a 14.9% growth compared to the previous year's ₹9,243.69 lakhs.

Financial Highlights

The company's profitability showed significant improvement, with profit before tax increasing to ₹402.74 lakhs from ₹153.10 lakhs in the previous year. Net profit after tax rose to ₹312.68 lakhs from ₹104.87 lakhs, representing a substantial 198% year-over-year growth.

Key AGM Agenda Items

The AGM will address several important matters, including:

1. Adoption of audited financial statements for FY 2024-25
2. Re-appointment of Mr. Ashwani Kumar Goel as a director liable to retire by rotation
3. Ratification of remuneration for Mr. Aditya Kaushik, Chairman and Managing Director
4. Revision in remuneration for Mr. Ashwani Kumar Goel and Mr. Anusheel Kaushik, Whole-time Directors
5. Re-appointment of Mr. Naveen Kumar as Whole Time Director
6. Approval of remuneration for Mr. Amit Kaushik, Chief Executive Officer & Chief Financial Officer

Management Commentary

Mr. Aditya Kaushik, Chairman and Managing Director, commented on the company's performance: "We are pleased with our strong revenue growth and significant improvement in profitability. Our focus on operational efficiency and strategic initiatives has yielded positive results, positioning us well for continued growth in the kitchen appliances market."

Remuneration Changes

The Board has proposed revisions in remuneration for key management personnel, subject to shareholder approval:

These proposed changes reflect the company's commitment to retaining top talent and aligning management compensation with company performance.

Conclusion

Inflame Appliances Limited has demonstrated strong financial performance in FY 2024-25, with significant growth in revenue and profitability. The upcoming AGM will be crucial for shareholders to review the company's performance, approve key appointments and remuneration changes, and discuss future strategies for sustained growth in the competitive kitchen appliances market.

Shareholders are encouraged to participate in the virtual AGM and exercise their voting rights on the proposed resolutions. The company has set August 22, 2025, as the cut-off date for determining voting eligibility.