The meeting, which commenced at 10 am, saw the participation of approximately 20 investor representatives alongside Think & Learn management., Companies News - Times Now
Byju’s founder informed employees he plans to challenge what he termed as ‘illegal and prejudicial actions’ by a “small group of select minority shareholders”
Byju s shareholders are set to conduct an emergency meeting today to decide on the ouster of CEO Byju Raveendran and his family as the board of directors.
A Karnataka court ruled that any resolution taken during the shareholder EGM will be deemed invalid, protecting Byju s CEO Byju Raveendran from ouster.
The shareholders have called for the EGM to discuss change in the company’s leadership. They reportedly want to oust the present leadership including Raveendran and reconstitute the board.