Major investors at BYJU’S called for an EGM, to reconsitute the edtech giant’s board and oust the leadership team.
Feb 2, 2024
BYJU’S claimed that the shareholder’s agreement does not give the right to investors to vote on change of the CEO or the management.
Feb 21, 2024
Investors considered legal recourse if their efforts to oust CEO and founder Raveendran and his family from the company’s board are unsuccessful.
Feb 21, 2024
Byju Raveendran told its shareholders that the company’s rights issue has been fully subscribed, he then also offered to restructure the board by adding 2 non-exec directors.
Feb 22, 2024
ED requested BOI to issue a look out circular against Byju Raveendran.
Feb 22, 2024
A day ahead of the crucial EGM, BYJU’S said its founder and CEO Byju Raveendran and his family members will not attend the “invalid” meeting.
Feb 23, 2024
7 resolutions are passed unanimously at the EGM by the investors, one of which asked for forensic investigations of all the BYJU’S acquisitions, alleged breaches, regulatory affairs, tax filings.
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