Inflame Appliances Limited announced a private placement of 3,50,000 warrants convertible into equal number of equity shares at an issue price of INR 131.5 per warrant on a preferential basis for the gross proceeds of INR 46,025,000 on July 6, 2023. The transaction has been approved by the shareholders of the company. The warrants will be convertible at an exercise price of INR 394.5