Stay updated with breaking news from Arjun Mohan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In a statement, the company said it will convene a board meeting in the second week of October for approval and adoption of accounts for FY22.
This is a significant step as the education tech startup is already quite delayed in reporting its financials and this was a major overthrow for the unicorn’s prominent stakeholders. In a statement, BYJU’S said that its board of directors alongside the advisory council and a list of invitees will meet to accept the audited accounts formally. In order to avoid uncertainty and apprehension, the company’s board at present includes its founder and his family— Byju Raveendran, Divya Gokulnath and Riju Raveendran after the former board members stepped down. Later, the company formed an advis...
The gaming industry in India is facing tax woes as the GST department issued pre-show cause notices to several cash flow-rich firms in the sector. One of the notices, amounting to an estimated Rs 25,000 crore, was served to fantasy sports company Dream11, making it the largest indirect tax notice in India. This move has sparked legal disputes and challenges from the gaming companies, who argue that the tax demands are retrospective and unfair. The Supreme Court will conduct further hearings on the matter on October 10.
Byju’s has issued a statement indicating that the board of directors, in conjunction with the advisory council and select invitees, will formally endorse the audited financial accounts.
Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said on Saturday that it will now release the financial statement for FY22 in October.In a statement, the company said it will convene a board ...