Inflame Appliances Ltd — Updates, 28-05-2025: Company Update

Inflame Appliances Limited has announced a statement confirming no deviation in the utilization of Rs. 591.75 lakh raised through preferential issue of equity shares upon conversion of fully convertible warrants. The funds were fully used as intended for broadening capital structure, supporting business growth, meeting working capital needs, and general corporate purposes. The Audit Committee reviewed the statement, and the company’s auditors have certified full utilization without any unutilized amount or variation. This underscores disciplined fund management aligned with the company’s expansion and operational plans, benefiting shareholders by supporting steady growth.