Everonn Education - Updates on EGM on Nov 19, 2009

Everonn Education Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 19, 2009, inter alia, to accord consent for investments by Foreign Institutional Investors (FIIs.) in the shares, debentures convertible into shares of the Company up to 100 per cent paid up equity share capital or paid up value of the respective series of the convertible debentures of the Company, by purchase or acquisition from the market under the Portfolio Investment Scheme under FEMA, subject to the condition that the holding of single FII or each SEBI approved sub- account of a FII or the concerned FII Group does not exceed 10% of the paid up equity share capital or paid up value of the respective series of the convertible debentures of the Company from time to time, subject to necessary provisions & approvals.