Byju’s Shareholder Meeting: CEO Acknowledges Error, Audit Closure Planned…

## **Title: Ed-tech Giant Byju’s Faces Challenges but Remains Optimistic – Latest Updates**


In this video, we provide you with the latest updates on the challenges faced by ed-tech giant Byju’s. Despite a $1.2 billion loan payment issue and the resignation of all three non-family board members, constructive negotiations are currently underway, and the company remains hopeful for a quick resolution. This information was shared by highly placed sources during a recent meeting with shareholders, as reported by NDTV [(source)](https://www.ndtv.com/).

Byju Raveendran, the CEO of Byju’s, openly acknowledged the challenges faced by the company in the past year and expressed the intention to add more independent Directors to the board. Stay tuned to this video to get all the details on Byju’s current situation.

To watch the news video, visit: [The News on YouTube](https://www.youtube.com/playlist?list=PLYSfYVdrOZvi0lsh_sZ6ATYNY-qWFfFjR)

### About NDTV (English news channel):


NDTV is India’s most trusted news broadcaster, providing the latest updates in news, sports, entertainment, and much more from within India and around the world. With our 24×7 news live streams, available on TV, Internet, and Mobile, you can stay informed with credible information across all platforms.

For the latest videos, visit: [NDTV Videos](https://www.youtube.com/playlist?list=PLYSfYVdrOZvh5iPadUPTAg3sxFD_DZpT_)

To access NDTV 24×7’s premium shows in one place, click here: [NDTV Shows](https://www.youtube.com/@NDTV/playlists?view=50&sort=dd&shelf_id=5)

For ground reports and analysis from NDTV’s reporters and anchors, click here: [NDTV Reports and Analysis](https://www.youtube.com/playlist?list=PLYSfYVdrOZvgHr6OHiZYKbr_21MOmvk04)

For news in shorts, click here: [NDTV News in Shorts](https://www.youtube.com/playlist?list=PLYSfYVdrOZvjJ8fhLPk_Fz4tFARkpG-Y-)

Subscribe to our channel to stay updated with the latest news.

**Follow us on Social Media:**
– [Facebook](https://www.facebook.com/ndtv/)
– [Twitter](https://twitter.com/ndtv/)
– [Instagram](https://www.instagram.com/ndtv/)
– [Telegram Messenger](https://t.me/NDTVbot/?start=hi)

**Follow us on Google News for Breaking and Latest News Updates:**
– [NDTV](https://bit.ly/3e5ngbP)
– [NDTV India (Hindi News)](https://bit.ly/3mNVwMY)

**Download NDTV Mobile Apps:** [NDTV Mobile Apps](http://www.ndtv.com/page/apps)

## **Transcript: Challenges and Future Plans of Byju’s Revealed in Shareholders Meeting**

In this video, we provide the latest updates on ed-tech giant Byju’s, which has been facing various challenges in recent times. Despite these hurdles, CEO Byju Raveendran addressed the shareholders during a meeting and openly acknowledged the mistakes made by the company, showing a commitment to rectify them [(source)](https://www.youtube.com/playlist?list=PLYSfYVdrOZvi0lsh_sZ6ATYNY-qWFfFjR).

During the meeting, it was revealed that Byju’s has not released its annual financial statements since the 2021 fiscal year. However, the CFO Ajay Goyal assured stakeholders that the financial audits for 2022 and 2023 will be completed by the end of this year.

One of the significant challenges faced by Byju’s was a loss of over 2500 crore rupees in the financial year 2019-2020. Additionally, the company faced retrenchment issues and filed a lawsuit against one of its lenders in relation to a loan term B. Byju’s had to pay nearly 40 million dollars as part of the repayment terms, further adding to the complications.

In response to these challenges, Byju’s introduced a new CFO, Mr. Ajay Goyal, to the shareholders. This change came after the resignation of three board members, including the auditor Deloitte, which raised concerns and led to the scrutiny of the government.

Byju’s has assured its shareholders that the financials for the years 2022 and 2023 will be audited by September and December, respectively.

Stay tuned to this video for more updates on the situation and future plans of Byju’s.

*Keywords/tags associated with the video:* NDTV 24×7, breaking news, latest news, live news, NDTV, NDTV live 24×7 English news, top news, The News, Byju Raveendran, Byju, EdTech firm, Enforcement Directorate, repayment terms, BYJU investors, BYJU’s CEO, English News, Latest English News, Top News Of The Day, Regular News Bulletin, Top News, NDTV

In Ed-tech giant Byju’s, which is in hot water following a $1.2 billion loan payment issue and resignation of all three non-family board members, constructive negotiations are ongoing, and the company is hopeful for a quick resolution, its Global General Counsel Roshan Thomas assured shareholders in a recent meeting, highly placed sources told NDTV. CEO Byju Raveendran, admitting facing challenges in the past year, told shareholders that the company is looking to add more independent Directors.

Watch The News: https://www.youtube.com/playlist?list=PLYSfYVdrOZvi0lsh_sZ6ATYNY-qWFfFjR

About NDTV (English news channel):

NDTV is India’s Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24×7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile.

For Latest Videos, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvh5iPadUPTAg3sxFD_DZpT_

To watch NDTV 24×7’s premium shows listed together for your easy access, click here: https://www.youtube.com/@NDTV/playlists?view=50&sort=dd&shelf_id=5

For Ground Reports and Analysis from NDTV’s reporters and anchors of day’s top news stories, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvgHr6OHiZYKbr_21MOmvk04

For News in Shorts, click here: https://www.youtube.com/playlist?list=PLYSfYVdrOZvjJ8fhLPk_Fz4tFARkpG-Y-

Subscribe to our channel to get latest news updates.

Follow us on Social Media:
Like us on Facebook: https://www.facebook.com/ndtv/
Follow us on Twitter: https://twitter.com/ndtv/
Follow us on Instagram: https://www.instagram.com/ndtv/
Join NDTV on Telegram Messenger: https://t.me/NDTVbot/?start=hi

Follow us on Google News for Breaking and Latest News Updates:
NDTV: https://bit.ly/3e5ngbP
NDTV India (Hindi News): https://bit.ly/3mNVwMY

Download NDTV Mobile Apps: http://www.ndtv.com/page/apps

#ByjuRaveendran #Byju #EnforcementDirectorate #BreakingNews #LatestNews #TodayNews #News #IndiaNews #NDTV