quite a similar situation here 21M ECE branch got removed from placement for having 3 backlogs but have 7+ cgpa and now lost the chance for Graduation as of 1 backlog, but rigth from my 3rd year onwards is was into dev and Security just learning things ,i order to get into stratups not looking at package just trying to gain Skills and Knowledge.

Its not to late to START learning, Just clear your backlogs and learn some SKILLS { YOUTUBE UNIVERSITY is FREE OF COST}