Bira 91 founder Ankur Jain exits board and cedes control in investor settlement
B9 Beverages founder Ankur Jain has stepped down from the board and will relinquish executive control and ownership as part of a settlement with investors and lenders. The debt-laden brewer is targeting recapitalisation, creditor settlements and an operational restart within three to six months.
Bira 91 founder Ankur Jain has left B9 Beverages' board and will surrender executive control and ownership under a settlement with investors and lenders. The debt-laden brewer plans recapitalisation, statutory and vendor settlements, and an operational restart within 3-6 months.
Why this matters
The leadership exit follows mounting creditor pressure at Bira 91, including HNGIL’s ₹11.19 crore legal notice and threatened IBC route, as well as a fresh ₹11 crore notice over glass-supply dues.
Leadership is steady at 818 signals in the past 90 days.