His note comes a day after a group of investors unanimously voted to oust him as the CEO of the online education platform.
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“I am writing this letter to you as the CEO of our Company. Contrary to what you may have read in the media, I continue to remain CEO, the management remains unchanged, and the board remains the same. Put differently, it is “business as usual” at Byju’s,” Raveendran said in a letter on Saturday.
Also read | Byju’s EGM: Sharp noises, ‘phishing’ attack delay cloud investor-led meeting to oust CEO Raveendran
Raavendran reiterated that the governance of the company is anchored in the Articles of Association and the Shareholder Agreement which are further reinforced by the prevailing company law.
“These documents collectively form the constitutional backbone of our operations, setting out the rules and procedures by which we must abide. Our company’s governance structures are meticulously crafted and legally binding, ensuring decisions and changes occur within a rigorous legal and procedural framework,” he said, reiterating his stance on the EGM resolutions being invalid.
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