BYJU’S introduces the Group CFO and addresses the shareholders.
In a recent Board meeting, India’s most valuable startup, BYJU’S, addressed recent developments and outlined future strategies. The meeting clarified that Deloitte’s departure as an auditor and the resignations of certain Board members were planned and independent events. The departing Board members reassured shareholders that their concessions were unrelated to Deloitte’s exit, emphasizing the stability of BYJU’S during the transition.
The newly appointed CFO, Ajay Goel, expressed confidence in finalizing the audits for fiscal years 2022 and 2023 within the expected timelines. CEO Byju Raveendran highlighted his personal investment in the company and emphasized the strong performance of most business verticals despite challenging macroeconomic conditions. Raveendran acknowledged past missteps and assured shareholders of strengthened operational processes.
General Counsel informed shareholders about ongoing negotiations regarding Term Loan B, aiming for a timely resolution. The meeting concluded with strong shareholder support, demonstrating confidence in BYJU’S leadership and strategies.