EVERONN

Everonn Education Limited has informed the Exchange that in a winding up petition filed against the Company by M/s. Hewlett-Packard Financial Services (India) Pvt. Ltd., in the Hon ble High Court of Judicature at Madras, the court has appointed provisional liquidator and has inter alia directed the said provisional liquidator to take possession of all the assets of the company and has further directed the directors to file the statement of affairs of the company as mandated under Section 454 of the Companies Act, 1956."

Everonn Education Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 21, 2016 has authorized certain Key Managerial Personnel of the Company to determine the materiality of an event or transaction for making disclosure to the Stock Exchanges

Everonn Education Limited has informed the Exchange that the Company has decided to initiate legal proceedings against Mr. P. Kishore (former Managing Director), Mr. Nikhil Gandhi (former Director of the Company and promoter of SKIL Infrastructure Ltd, a company forming part of the promoter Group of Everonn Education Limited) and various other individuals and entities on account of the fraudulent transactions/ activities undertaken by them or at their behest against the Company.

Everonn Education Limited has informed the Exchange that the Hon'ble High Court of Madras has pursuant to the provisions of Sections 78, 100 to 104 and other applicable provisions of the Companies Act, 1956 approved the reduction of Rs.150,00,00,000/- [Rupees One Hundred and Fifty Crores] out of the balance of Rs.491,66,60,000/- [Rupees Four Hundred and Ninety One Crores Sixty Six Lakhs and Sixty Thousands only] standing to the credit of Securities Premium Account of the Company as at March 31, 2012 by transfer to the "Business Restructuring Reserve".

Everonn Education Limited has informed the Exchange that the Board of Directors of the Company on April 03, 2013 passed a resolution appointing Mr. A Srinivasan as the Managing Director of the company with effect from April 03, 2013 subject to the approval of the shareholders.

Everonn Education Limited has informed the Exchange vide letter dated February 20, 2013, regarding "Term Sheet for Acquisition of Centum Learning Limited".

Everonn Education Limited has informed the Exchange that Mr. Ramesh Chandra Guntireddy a qualified Chartered Accountant working with the company for over 7 years and having more than 10 years of post-qualification experience in Finance, Accounts and Taxation is entrusted with an interim responsibility of discharging the functions of Chief Financial Officer (CFO) of the Company in place of Mr. K N Srinivasan who has resigned as a CFO due to health reasons.

Everonn Education Limited has informed the Exchange that Everonn Skill Development Limited (ESDL) has received communication from National Skills Development Corporation of India (NSDC), stating that the investor agreement between ESDL & NSDC has lapsed on account of the procedural delays in complying with certain conditions of the agreement. However ESDL is in dialogue with NSDC to resolve the issue.

ICICI Securities Limited has informed the Exchange with reference to earlier announcement about open offer by Varkey Group Ltd ("Acquirer"), along with persons acting in concert, regarding a mandatory open offer to the public shareholders of Everonn Education Ltd ("Target Company"), to acquire 20% of the emerging voting capital of the Target Company at a price of Rs. 528 per fully paid-up equity share of face value Rs. 10 each, payable in cash ("Offer"). ICICI Securities Ltd ("Manager to the Offer") has now informed the Exchange that the Public Announcement ("PA") for the Offer was published o

Everonn Education Limited has informed the Exchange that the Board of Directors met on September 01, 2011, to review the extra-ordinary situation arising out of the Managing Director Mr. P. Kishore having been taken into judicial custody. The Board of Directors took stock of the situation and appointed Ms. Susha John, Whole- time Director as the Chief Executive Officer (CEO) to exercise the powers delegated to the Managing Director. The Board also appointed a Business Council consisting of two Independent board members to advise the CEO. The company shall extend all cooperation to all concerne

Everonn Education Limited submitted to the Exchange a copy of the notice sent to all the members containing terms and conditions of the reappointment of Mr. P. Kishore as Managing Director and Ms. Susha John as Whole Time Director for a period of Five years with effect from April 01, 2011.

Everonn Education Limited has informed the Exchange that the Company has signed an agreement with the Director, Secondary Education, Government of Haryana for the implementation of Comprehensive Computer Education Project (CCEP) in 213 schools in 20 districts across Haryana for a period of five years under Build Own Operate(BOO) / Build Own Operate and Transfer (BOOT) basis and the value of the project is 47 Crores.

Everonn Education Limited has informed the Exchange that "The Board of Directors of the Company in their meeting held on January 27, 2010 have forfeited 10% of the share price amount paid, aggregating to Rs.7,65,13,899/- (Seven Crore Sixty Five Lakhs Thirteen Thousand Eight Hundred and Ninety Nine Only) by persons forming part of Promoter & Promoter Group and public category on account of the non-conversion of the 10,62,634 share warrants into equity shares within the stipulated period of 18 months (i.e. on or before December 16, 2009) from the date of allotment of warrants". The details of th

Everonn Education Limited has informed the Exchange that "The Board of Directors of Everonn Education Limited has approved the increase in the limit of investment by Foreign Institutional Investors (FIIs) up to 100 per cent of paid-up capital of the Company".

Everonn Education Limited has informed the Exchange vide its letter dated September 16, 2009 that: "Dr. V.K. Vijayaraghavan - Non Executive and Independent Director of the Company had expressed his inability to continue in the Board of the Company due to personal reasons".

Everonn Systems India Limited has informed the Exchange that the Company has bagged a Rs. 91.87 crores order from Government of Uttar Pradesh for implementation of Computer Education in 1099 Middle Schools in Uttar Pradesh for a period of 5 years on BOOT model, covering over 6,60,000 students of classes 6th to 12th. The Company has received letter of intent from Directorate of Secondary Education, Government of Uttar Pradesh. The total number of schools in Everonn's portfolio will be over 5500 schools with this order.

Everonn Systems India Limited has informed the Exchange that the Company has received Letter of Intent (LOI) from M.S.Ramaiah Medical College and Teaching Hospital, Bangalore. As per the LOI, the Company would be installing a studio to facilitate the process of e-learning and for networking their CME programmes to their group of 7 Colleges. These courses will also be taken to other Everonn colleges.

Everonn Systems India Limited has informed the Exchange that the Company has received Letter of Intent (LOI) from West Bengal University of Technology for implementation of Everonn Learning through VSAT classrooms in 147 colleges in West Bengal. A studio will be setup by Everonn at the West Bengal University campus from where the professors will take classes to students of the various colleges. The classes will be in a live and interactive mode. The technology setup will also be used for training of Trainers and for imparting Examination inputs. This will increase the student base for Everonn

Everonn Systems India Limited has informed the Exchange that: "The Company has received Letter of Intent (LOI) from the Office of the Nagpur Municipal Corporation, Nagpur for implementation of Computer Education in Nagpur Municipal Corporation Schools (NMC). As per the LOI, the Company would be implementing the said project in 84 NMC Schools. The order value for implementing computer education over a period of 5 years is approximately Rs. 6.85 Crores".

Everonn Systems India Limited has informed the Exchange that the Company has signed a MoU with the Director of Higher Education, Himachal Pradesh State Government to implement IT education in 793 Senior Secondary Schools across all 12 districts of Himachal Pradesh. The Project will be implemented in BOOT (Build, Own, Operate and Transfer) Model for a period of four years. This project would further strengthen Everonn's geographical spread in technology enabled education in Schools.

Everonn Systems India Limited has informed the Exchange that: "The Company has received Letter of Intent (LOI) from School Education Department, Government of Andhra Pradesh for implementation of Computer Aided Learning in 405 High Schools in Andhra Pradesh. The agreement would be signed with the School Education Department, Government of Andhra Pradesh shortly. The total number of school in Everonn's portfolio will increase to 3569 with this order".

Everonn Systems India Limited has informed the Exchange that : "Everonn publications", an arm of Everonn Systems India Limited releases on April 7, 2008 its maiden Book titled "Managing Your Investments" by former SEBI Chairman Mr. M. Damodaran. The first copy of the book authored by Dr. A. Besant C Raj will be received by Mr. R. Kannan, former Director, IFMR. This initiative will see Everonn leverage the large and rich content repository of its content division - Knowledge Resource Development and Research."