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Inside the Byju's EGM: the bid to remove CEO Byju Raveendran and reorganize the board

IndianStartupNewsIndianStartupNews · 10m
Inside the Byju's EGM: the bid to remove CEO Byju Raveendran and reorganize the board

An extraordinary general meeting (EGM) called by investors of Byju's, seeking to remove CEO Byju Raveendran and restructure the board, experienced disruptions like phishing attacks and unauthorized attendance. The meeting faced challenges in verifying attendees, with some individuals attempting to join under false pretences. Despite these obstacles, the meeting proceeded with voting, and the results are expected to be announced following scrutiny by an independent auditor. Byju's has been facing controversies, including allegations of accounting irregularities and mis-selling of courses, which have impacted its reputation and fundraising efforts. A legal battle and an ongoing review in the Karnataka High Court further complicate the situation.

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