Board of Director at its meeting held on September 09, 2025, has inter alia: 1. took note about the resignation of Mr. Amit Kaushik from the post of CFO of the company. & 2. Appointed ....
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At a board meeting on September 9, 2025, Inflame Appliances announced that Mr. Amit Kaushik has resigned as Chief Financial Officer effective the same day, in order to devote more time to his continuing role as Chief Executive Officer. Mr. Kaushik had been holding both the CEO and CFO positions simultaneously. The board approved the appointment of Dr. (CA) Bindu Bhardwaj as the new CFO with effect from September 10, 2025. Ms. Bhardwaj is a Chartered Accountant with a PhD from Thapar University and over 25 years of experience in finance, accounting, taxation, internal audit, and financial planning. The change was recommended by the Nomination and Remuneration Committee and approved by the Audit Committee. The company is separating the CEO and CFO roles and bringing in a dedicated, professionally qualified finance leader.
This is a neutral-to-positive governance move for shareholders, as the combined CEO+CFO role is being split and a qualified external CFO with strong credentials is being inducted. It may improve financial controls and reporting quality, though the change at the CFO level is routine and the CEO continues unchanged.