Indian education technology giant Byju's, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.
startups, over its "long-delayed" financial statements for the year ended March 2022. Board members representing Peak XV Partners, earlier known as Sequoia Capital India, Prosus and Chan Zuckerberg Initiative also stepped down, without publicly expressing their reasons.
Goel told the investors Byju's will submit 2021-22 audited results to Indian regulators by September and 2022-23 earnings by year's end, the source said. Deloitte, cutting short a term as auditor that was to end in 2025, said in its resignation there was a "significant impact" on its ability to audit the firm as it did not receive financial records from Byju's despite several reminders. Byju's has appointed BDO as its new auditor.their resignations, Reuters reported on Friday.
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