The announcement that boAt’s founders — Aman Gupta and Sameer Mehta — have stepped down from their executive roles just weeks before the company’s planned ₹1,500 crore IPO has sparked a wave of concern across investor and corporate-governance circles. Disclosed in the company’s updated Draft Red Herring Prospectus (DRHP), the move has been viewed by many as more than a routine leadership reshuffle — raising important questions around Private Company Governance and IPO readine

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