Byju's to hold board meeting to approve delayed FY22 financials
Peak XV Partners and Prosus.
The company’s much delayed results will be presented to some of its key investors.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Product ManagementVisitByju's auditor BDO and the management held a meeting on Saturday and a notice has been issued to shareholders about the same.
Byju's FY22 financials are yet to be filed with the RoC and the delay has been a key concern among investors and the edtech's lenders of the $1.2 billion term loan B.
Following the exit of Peak XV, Prosus and Chan Zuckerberg Initiative from the edtech's board, company chief executive Byju Raveendran and his chief financial officer Ajay Goel had promised shareholders on June 24 that audited results for FY22 will be shared by the end of September and the same for FY23 would be in place by December 2023.
«Think and Learn Pvt Ltd (Byju's parent firm) today has issued a notice for convening a Board meeting in the second week of October 2023 for approval and adoption of accounts for F'22. The Board of Directors along with the Advisory Council and certain invitees will meet to formally adopt the audited accounts,» Byju's said in the statement.
