Inflame Appliances Ltd share Price Today

Inflame Appliances Limited was originally formed as a partnership firm under the Partnership Act, 1932 (`Partnership Act`) in the name and style of `M/s Techno Engineering Corpn.` vide deed of partnership dated March 20, 2010 entered between Mr. Dinesh Kapoor and Mr. Karan Kapoor. Further the existing partners was retired from the partnership on March 11, 2014 and admitted new partners Mr. Sukhlal Jain and Mr. Praveen Jain. The partnership was reconstituted on July 13, 2015 and the existing partners retired from the partnership with the admission of new partners Mr. Aditya Kaushik and Mr. Dinesh Kaushik. The Partnership deed again reconstituted and new partners were admitted vide partnership deed dated October 16, 2017. Further the partnership firm `M/s. Techno Engineering Corpn.` was thereafter converted into public limited company with the name and style of `Inflame Appliances Limited` on November 14, 2017. Mr. Aditya Kaushik, Mr. Dinesh Kaushik, Mrs. Anita Kaushik, Mr. Amit Kaushik, Mrs. Ruchi Kaushik, Ms. Aneesha Kaushik and Mrs. Usha Kaushik, partners of M/s Techno Engineering Corpn., were the initial subscribers to the Memorandum of Association of the Company. Presently Mr. Aditya Kaushik, Mr. Dinesh Kaushik, and Mr. Amit Kaushik are Promoters of the Company. Inflame Appliances is an IS 4246:2002 certified company and engaged in manufacturing of LPG Gas Stove/ Cooktops in various range like Gas Stove in Sheet Metal, Gas Stove with Toughed Glass (Optional Auto Ignition) with range of 4 Burners/ 3 Burners/ 2 Burners and Sheet Metal Components for captive consumption in the state of Himachal Pradesh. Additionally the Company has Marketing agreements with Indian Oil Corporation Limited to market, sell, distribute, and promote of LPG Stoves through Indane Distributers to domestic Indane Customers. This arrangement can be renewed for a further period on mutual consent subject to the Company achieving the expected milestones as referred under the Market agreement. It has also made marketing arrangement with HPCL and BPCL for selling its products to their distributers and customers. Since the past years the focus of the Company has been in developing innovative product range under the brand `Inflame`; entering into arrangements with distributors; tie-up with suppliers; and recruiting a sales team which gives a launch pad to take it forward. The company is also manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like `Hindware` and `Avaante`. The company has also been part of PRIME MINISTER UJJWALA YOJANA (PMUY) launched by the Central Govt. of India for providing 5 Crore new gas connection to the people below poverty line in the country. This PMUY has created a huge demand for LPG gas stoves which helped the company to achieve higher growth. The scheme is now being extended to other poor class of the country and name of the scheme is UJJAWALA PLUS, which would offer another 3 crore new connections.

Inflame Appliances share price as on 20 Apr 2024 is Rs. 470.05. Over the past 6 months, the Inflame Appliances share price has decreased by 26.21% and in the last one year, it has decreased by 1.1%. The 52-week low for Inflame Appliances share price was Rs. 346 and 52-week high was Rs. 730.