Bira 91 founder Ankur Jain exits board in lender-investor settlement
B9 Beverages founder Ankur Jain has relinquished promoter-family executive powers as the brewer pursues an out-of-court restructuring, fresh capital and resolution of lender and creditor disputes amid heavy losses and debt.
Bira 91 founder Ankur Jain has left B9 Beverages’ board under a settlement with lenders and investors, relinquishing promoter-family executive powers. The brewer is pursuing an out-of-court restructuring and fresh capital after heavy losses, debt, delayed salaries and creditor disputes.
Why this matters
The board exit extends recent reports that Jain and his family would surrender 17.8% stake and cede control. It also follows HNGIL's legal notice over ₹11.19 crore in alleged Bira 91 dues and an IBC warning.
Leadership is steady, with 824 signals recorded in the past 90 days.
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