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A consortium of shareholders with over 30 per cent stake in cash-strapped Byju s might approach the National Company Law Tribunal (NCLT) seeking a management change, if the extraordinary general meeting (EGM) scheduled for Friday failed to yield an amicable settlement or faced further delays, sources said. Earlier this month, these shareholders had issued a notice calling for an EGM to address persistent issues , including a change in management. They will vote for a revamp of the existing board, an exercise which would include asking Byju Raveendran to step down as chief executive officer (CEO) and relinquish his operational role, according to sources.

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