Bira 91 founder Ankur Jain and his household have stepped down from the board and govt positions on the beer model’s mother or father firm, B9 Drinks, after reaching a settlement with lenders and institutional shareholders.

The settlement concludes months of negotiations involving nearly 30 stakeholders and clears the way in which for the financially troubled firm to pursue restructuring and search contemporary capital.

“We now have now reached that settlement. As a part of it, my household and I will likely be stepping away, from the board, and from our govt positions, with speedy impact,” Jain mentioned in an announcement.

Beneath the settlement, the events will withdraw their claims and authorized proceedings in opposition to one another. Private ensures supplied by Jain for company loans can even be launched.

“It’s, in each sense, a clear and full shut of this chapter,” he mentioned.

Jain attributed the size of the negotiations to the variety of events concerned, together with workers, distributors, lenders and shareholders with differing and infrequently competing pursuits.

He described securing an settlement amongst nearly 30 stakeholders as “near a miracle”.

The settlement was the proper end result for each himself and the corporate, Jain wrote, arguing that Bira 91 now wanted new funding and leadership.

“Bira 91 wants contemporary capital, a transparent stability sheet, and a administration workforce that may construct the following section with out the load of all the things that got here earlier than,” he added.

He additionally pledged to assist the transition and proceed backing the model from exterior its administration.

Unpaid worker dues

Jain apologised to workers who had not obtained salaries and different funds owed to them.

“I’m sorry to each worker who didn’t get what they had been owed, once they had been owed it. That’s on me, and I’ll carry it,” he wrote.

The announcement, nonetheless, didn’t present a timetable for clearing excellent salaries or statutory funds.

Former workers quoted by Indian media have sought readability over when the cash owed to them will likely be paid.

Monetary stress

B9 Drinks has confronted extreme monetary and operational stress over the previous two years, together with widening losses, delayed funds, difficulties elevating capital and disputes with collectors.

Its consolidated income from operations fell to about Rs 638.5 crore within the monetary 12 months ending March 2024, from about Rs 824.3 crore a 12 months earlier, whereas Its consolidated loss widened to roughly Rs 748.8 crore from Rs 445.4 crore over the identical interval.

The corporate had not publicly disclosed its monetary statements for the next two monetary years when Jain introduced his departure.

B9’s difficulties had been compounded by disruption following a change to its registered firm title. The transfer required licences, labels and merchandise to be registered once more in a number of Indian states.

Jain beforehand attributed a number of months of disrupted gross sales partly to that course of.

The corporate additionally grew to become concerned in a dispute with investor Kirin Holdings and lender Anicut Capital over pledged shares in Higher Than Earlier than, which operates the Beer Café chain.

B9 challenged the lenders’ actions within the Delhi Excessive Court docket. On October 17, 2025, counsel for Respondents No. 1 and a pair of assured the courtroom that, till the following listening to, they’d not create any third-party curiosity in relation to 50% of the shares already transferred to the beneficiary. The courtroom took the reassurance on file.

The settlement offers for the events to withdraw their claims and authorized proceedings in opposition to one another.

B9 Drinks has not introduced Jain’s substitute or supplied a timetable for finishing its proposed restructuring and capital increase.