Everonn Education ltd - Outcome of Board Meeting

Everonn Education Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 27, 2014, inter alia, has approved the following:<br/><br/>1. Preferential Allotment of 10,91,303 Equity Shares to The Concorde Residential Schools (Kerala) Private Limited, forming part of the Promoter Group upon conversion of Loan amount Rs. 4.33 Crores.<br/><br/>2. Preferential allotment of 1 Optionally Convertible Debenture of Value Rs. 4.33 Crores to The Concorde Residential Schools (Kerala) Private Limited, forming part of the Promoter Group upon conversion of Loan amount Rs.4.33 Crores.