Overview

• Auditor Walker Chandiok & Co flagged material uncertainty over B9 Beverages’ ability to continue as a going concern and reported full erosion of group net worth for FY24.
• FY24 accounts show deepening financial stress with accumulated losses, negative operating cash flows, and liabilities exceeding assets, even as the brand positions itself for future growth.
• The company has not filed FY25 financials and sought extra time for its AGM, drawing a directive from the Ministry of Corporate Affairs to ensure timely compliance going forward.
• Production has been halted in places and job cuts have been reported after the name change required state-by-state reissuance of liquor licences and excise approvals.
• More than 250 employees have petitioned the board and investors for leadership change citing delayed salaries and reimbursements, while management expresses confidence in meeting obligations based on projected cash flows.