Planify Feed

The company had floated a resolution for the reduction of share capital in aggregate of 14,96,973 equity shares of Rs. 10 each held by the public shareholders of the company, i.e. members other than promoters/ Holding companies of the company. The resolution for the same has been passed by 99.92% votes were in the favor of resolution and 0.08 votes were against the resolution. 

Bira 91, the world’s fastest-growing premium beer company, today announced that it has raised $70 million in Series D funding, in a round led by leading Japanese beer company - Kirin Holdings.

Sharing his perspective, Hiromasa Honda, Managing Director, Kirin Holdings Singapore, said, "India has embarked on its Golden Decade of growth. As the fifth largest economy in the world, increasing digitalization, and a stable, growth-oriented government, we are very excited to invest further in the “Make in India” journey for the country. We believe that Bira 91 has potential to premiumize Indian beer through innovation by brewing the highest quality products for the country’s consumers. We also believe that over the long term, Bira 91 has the potential to break out internationally as a global brand.”

The company has reported an exceptional growth rate in its revenue by 55% for Q2 FY23 but the net profits have maintained a steady pace with a growth rate of 3% as compared to FY22. EPS has shown a decline of 3%. Also Assets have shown a decline of -12% and Equity has shown a growth of 36%.