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| Exchange Disseminated Time | Country Condos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 06, 2009, inter alia, has transacted the following:
1. Recommended to the members for the appointment of Sri. Y Rajeev Reddy as a Director as well as the Chairman & Managing Director of the Company in General Meeting and through Postal Ballot pursuant to Regulation 12 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.
2. Recommended to the members for the appointment of Sri. Y Siddharth Reddy as a Director as well as the Joint Managing Director & CEO of the Company in the General Meeting and through Postal Ballot pursuant to Regulation 12 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.
3. Recommended to the members for the appointment of Sri. Y Varun Reddy as a Director as well as the Joint Managing Director & COO of the Company in General Meeting and through Postal Ballot pursuant to Regulation 12 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.
4. Appointed Sri. G Venkateshwar Rao, Sri. S Bal Reddy, Sri. A VSB Laxmipathi Rao & Sri. V K Ramudu as Additional Directors who are Independent and Non-Executive Directors, on the Board u/s. 260 of the Companies Act, 1956.
5. Approved the resignation of Sri. P Krupavaram and Sri. Ch. Srinivas from the office of Director (s) of the Company.
6. Approved the conducting of Postal Ballot to seek members' approval for appointment of Mr. Y Rajeev Reddy, Mr. Y Siddharth Reddy and Mr. V Varun Reddy pursuant to Regulation 12 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997. |
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