Inflame Appliances Limited's Board of Directors has approved the appointment of key auditors for the financial year 2025-26, reinforcing the company's commitment to regulatory compliance and corporate governance standards.

Board Meeting Details

The Board of Directors convened on March 07, 2026, 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 meeting commenced at 1:00 PM and concluded at 1:30 PM, with proceedings conducted under the leadership of Chairman and Managing Director Aditya Kaushik.

Key Appointments Approved

The board approved two critical auditor appointments as part of its governance framework:

Secretarial Auditor Profile

M/s. Mittal V. Kothari & Associates brings substantial expertise to the role, with proprietor Mittal Kothari possessing over 8 years of experience in Company Law, LLP Law, and SEBI Laws. The firm specializes in:

• Listed company compliance under SEBI regulations
• Secretarial audits and corporate governance
• Insider trading and listing obligations
• Advisory services for private companies

Mittal Kothari qualified as a Company Secretary in December 2015 and holds a Bachelor of Commerce degree from 2010. Her professional journey began as a CS Trainee at Kalthia Engineering and Construction Limited in Ahmedabad.

Internal Auditor Credentials

Mr. Mukesh Kumar Sharma, appointed as Internal Auditor, currently serves as Accounts & Finance Manager at Inflame Appliances Limited since December 01, 2020. His professional background includes:

• MBA in Finance from ICAI Campus, Mohali (68.11% marks)
• M.COM from S.A. Jain College Ambala City (57% marks)
• Previous experience with VTC TRDAEWINGS PVT LTD as Finance & Audit Head
• Recognition as Best DLT-Finance by Procter and Gamble

Regulatory Compliance

The appointments were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to regulatory requirements. The board also considered and approved all other business items as per the circulated agenda during the meeting.

Inflame Appliances Limited has delivered exceptional performance in Q3FY26, demonstrating strong operational momentum across its manufacturing facilities. The company reported remarkable growth metrics that highlight its expanding market presence and improved operational efficiency in the kitchen appliances segment.

Financial Performance Overview

The company's financial results for Q3FY26 showcase substantial growth across key metrics. Revenue performance significantly outpaced volume growth, indicating improved product mix and better realizations from premium product sales.

For the nine-month period ending December 31, 2025, the company maintained strong growth trajectory with consistent performance improvements.

Manufacturing Facility Performance

Both manufacturing plants contributed significantly to the overall growth, with the Panchkula facility leading the charge in Q3FY26. The Panchkula plant achieved 133% growth, while the Hyderabad facility maintained steady performance with substantial volume contributions.

Operational Efficiency Improvements

Capacity utilization showed marked improvement across both facilities, reflecting enhanced operational leverage and better asset utilization. The company achieved approximately 50% capacity utilization in Q3FY26, a significant increase from 27% in the corresponding quarter of the previous year. For the nine-month period, capacity utilization improved to 46% from 32% in 9MFY25.

The revenue growth outpacing volume growth indicates successful product mix optimization, with higher contributions from premium chimney products. This strategic shift toward premium products has resulted in better average realizations and improved profitability metrics.

Management Commentary

CEO Amit Kaushik emphasized the company's continued focus on sustainable growth and operational excellence. The management highlighted their commitment to maintaining volume momentum while improving operational efficiency and gradually increasing the share of premium products to drive profitable growth. The company maintains its revenue growth guidance of 40-50% for both FY26 and FY27, reflecting confidence in sustained business momentum.

Business Outlook

The company's performance demonstrates strong execution of its growth strategy, with both manufacturing facilities contributing to volume expansion. The improved capacity utilization and better product mix position the company well for continued growth in the kitchen appliances market. The focus on premium product segments and operational efficiency improvements supports the management's optimistic outlook for the remaining quarters.