Edtech company Byju’s calls for AGM to approve audited FY22 financials
Beleaguered edtech company Byju’s has called for an annual general meeting (AGM) at a time when the firm battles challenges that include securing fresh capital, delays in financial reporting, and legal disputes with lenders.
Byju’s informed its shareholders about the meeting scheduled on December 20 at 6 pm in a letter, a copy of which Business Standard has reviewed. This would be done through video conferencing or other audio-visual means.
The company plans to receive, consider, approve and adopt the audited standalone and consolidated financial statements of the company for the financial year ended 31st March 2022, according to the letter.