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BYJU’S EGM: Investors Vote To Remove CEO Byju Raveendran, But Matter Pending With Karnataka HC

Inc42

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During an extraordinary general meeting (EGM) held by BYJU'S, shareholders passed all resolutions unanimously, including the request for resolving governance and financial mismanagement issues, board reconstitution, and a change in leadership. However, BYJU'S maintained that the EGM itself was invalid, citing technical glitches, procedural irregularities, and a narrow group of shareholders passing the resolutions. The matter is now with the Karnataka High Court, which is expected to make a decision on March 13, 2024. If the court upholds the investors' position, BYJU'S may see a new CEO and board in the future.

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