Byju's to declare FY22 results in second week of October

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Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! After a number of its investment board members stepped down in recent period, Byju's board currently comprises only of the founder Byju Raveendran and family members Divya Gokulnath and Riju Raveendran.

The company, in July this year, constituted an advisory council which includes former Infosys chief financial officer Mohandas Pai and SBI's ex-chairman Rajnish Kumar. The disclosure of FY22 results would also come in the backdrop of Deloitte Haskins & Sells stepping down after auditing Think and Learn's account books for six years.

The auditor, while disassociating with the company in June, had cited the delay in the release of financial statements for fiscal year 2022. "We have also not received any communication on the resolution of the audit report modifications in respect of the year ended March 31, 2021, and the status of audit readiness of the financial statements and the underlying books and records for the year ended March 31, 2022 and we have not been able to commence the audit as on date," Deloitte had stated in a statement issued then.

Deloitte’s exit was preceded by the resignation of key board members, including the representatives from Peak XV, Prosus and Chan Zuckerberg. Byju's, which has been attempting to tide over the crisis, had in June-end announced MSKA & Associates, the audit arm of accounting firm BDO Global as the new statutory auditor.