Everonn Systems India Limited, a leading education and training company, has appointed Mr.R.Kannan as its Whole time Director. He would also take up additional responsibility of mergers & acquisitions.

 This was approved at the Extra Ordinary Meeting (EGM) which was held on 3rd June 08. Earlier Mr.Kannan served Everonn in the capacity of Non-executive Director.

 Commenting on his appointment, Mr Kannan, said, The Company is in critical stage of growth and I believe my increased responsibility will address the growth needs of the organisation.

 Mr.R.Kannan is a Chartered Accountant having 22 years post qualification experience. He has been actively involved in the Corporate & Financial planning of the company.

 The Extra Ordinary General meeting had also approved issue of Equity shares / Convertible equity warrants on preferential basis to New Vernon India Ltd., Deutsche Securities Mauritius Ltd and The India Fund Inc.