Byju’s shareholders have voted in favor of increasing authorized share capital, clearing the way for the issuance of fresh shares to address liquidity challenges. The approval comes after an EGM and postal ballot, with 55% support from shareholders. Byju’s parent company, Think & Learn Private Limited, aims to utilize the proceeds from a rights issue to tackle financial issues, including unpaid salaries and regulatory dues. However, an NCLT interim order has placed the funds from the rights issue in escrow due to litigation from foreign shareholders. Byju Raveendran, CEO, expressed gratitude for investor support during this critical phase.