Byju’s faces more trouble as its auditor & 3 directors quit

NEW DELHI: Once a celebrated startup, Byju’s is sinking deep into trouble. Amid its ongoing tussle with lenders, its auditor, Deloitte, on Thursday said it has resigned. Separately, three nominees of investors have also stepped down as directors from the board of the company, which not so long ago was India’s most valuable unicorn.

In a letter addressed to the board, Deloitte cited lack of communication on the status of “audit readiness” of its 2021-22 results. “…the audited financial statements for the year ended March 31, 2022 were due to be laid before shareholders in the annual general meeting by September 30, 2022.