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Govt asks Byju's to explain delay in filing audited financial accounts

Ministry of Corporate Affairs sent a letter to Byju's parent company asking them to explain the seventeen-month delay in filing audited accounts

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BS Reporter Bengaluru
The Ministry of Corporate Affairs has asked Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021, according to a Bloomberg report.

Earlier this month, the Ministry of Corporate Affairs sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts.

Byju’s, which is India’s most valuable startup with a valuation of $22 billion, is expected to file the audited financials by next week, according to the sources.

The delay in filing is due to consolidating the accounts of a number of companies that  Byju’s

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First Published: Aug 26 2022 | 12:47 AM IST

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