Country Condos - Notice of Postal Ballot

• Security Code: 531624
• Company: COUNCODOS

Country Condos Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolution as under:

1. Appointment of Sri. Y Rajeev Reddy, as Chairman and Managing Director of the Company for a period of 5 years, with effect from August 10, 2009, on remuneration, terms and conditions.

2. Appointment of Sri. V Siddharth Reddy as Joint Managing Director & Chief Executive Officer of the Company for a period of 15 years, with effect from August 10, 2009, on remuneration, terms and conditions.

3. Appointment of Sri. Y Varun Reddy as Joint Managing Director & Chief Operating Officer of the Company for a period of 5 years, with effect from August 10, 2009, on remuneration, terms and conditions.

The Board of Directors has appointed Mr. N V S S Suryanarayana Rao, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer on or before the closing of working hours on August 06, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced through press release.