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| Exchange Disseminated Time | Country Condos Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on August 10, 2009, inter alia, have approved the following resolutions:
1. I. Adopted the Annual Accounts for the Financial Year ended on March 31, 2009.
2. Re-appointed the Sri. D. Krishna Kumar Raju and Sri P. V. V. Prasad, Directors who have retired by rotation.
3. Re-appointed the retiring Auditors M P. Murali &. Co., Chartered Accountants, Hyderabad as Auditors of the Company.
4. Appointed Sri. Y. Rajeev Reddy, as Chairman & Managing Director and Promoter of the Company.
5. Appointed Sri. Y. Siddharth Reddy, as Joint Managing Director & Chief Executive Officer and Promoter of the Company.
6. Appointed Sri. Y. Varun Reddy, as Joint Managing Director & Chief Operating Officer and Promoter of the Company.
7. Appointed Sri C. Venkateshwar Rao, Sri S. Bal Reddy, Sri A. VSB Laxmipathi Rao and Sri. V. K. Ramudu as Non - Executive Independent Directors on the Board of the Company.
8 . increased the Authorised Share Capital of the Company from Rs 20 Crores to Rs 30 Crores of consisting of Equity Shares of Re 1/- each.
9. Approved the Issue of Bonus Shares at the proposed rate of 2:1 i.e. (2 Equity Shares for every 1 Equity Share held in the Company) and authorized the Board of Directors to fix the Record Date and do the necessary acts, things, etc., to give effect to this resolution.
10. Approved the Issue of 1,70,00,000 Convertible Warrants on Preferential basis to the Promoters of the Company.
11. Approved rising funds through issue of GDRs in the International Offering to the tune of USD 20 Million.
12. Approved issue of Securities to Qualified Institutional Buyers under QIP route to the tune of 10 Crores Equity Shares.
13. Appointed Sir D. Krishna Kumar Raju, Directors as a Vice Chairman and Executive Director of the Company. |
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