Country Condos has approved a preferential issue of equity shares worth up to ₹30 crore to non-promoters. The Board of Directors reached this decision during a meeting held on July 9, 2026, to raise capital through the issuance of shares to non-promoter investors.

The proposal involves issuing equity shares not exceeding ₹30,00,00,000 (Rupees Thirty Crores). The board authorized Mr. Y. Siddharth Reddy, Vice-Chairman & Director, and Mr. D. Krishna Kumar Raju, Vice-Chairman & CEO, to oversee the proposed issue and appoint necessary intermediaries.

The meeting commenced at 2:00 PM and concluded at 3:55 PM. The disclosure was made pursuant to Regulation 29 and 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Key Details of the Board Meeting

The preferential issue is subject to regulatory approvals and shareholder consent as per applicable norms. The company's scrip is listed on BSE and NSE under the code 531624 and symbol COUNCODOS, respectively.

Country Condos Limited reported a net profit of ₹59.41 lakh for the financial year ended March 31, 2026, with revenue from operations rising to ₹1,748.35 lakh. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The meeting also approved the appointment of Mr. Sunkara Vijaya Kumar as Chief Financial Officer (CFO) and accepted the resignation of Mr. Upputuri Gandhi from the position of CFO due to health reasons.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹17.92 lakh on a total income of ₹367.69 lakh. In comparison, the net profit for the same period in the previous year was ₹8.87 lakh on a total income of ₹262.40 lakh. The basic and diluted earnings per share (EPS) for the quarter stood at ₹0.02. For the full year, the EPS was ₹0.08, unchanged from the previous year.

The auditors, M/s. P. Murali & Co., Chartered Accountants, issued an unmodified opinion on the financial results. The board also disclosed related party transactions, including remuneration paid to the Vice-Chairman & CEO.

Key Financial Metrics

Board Decisions

Pursuant to the recommendations of the Nomination and Remuneration Committee, the board appointed Mr. Sunkara Vijaya Kumar as CFO effective May 30, 2026. Mr. Kumar is a postgraduate with an MBA and holds 15 years of experience in finance and accounts. Simultaneously, the board accepted the resignation of Mr. Upputuri Gandhi as CFO, also effective May 30, 2026, citing unstable health conditions. The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.