Country Condos Limited shareholders unanimously approved all four resolutions proposed at the 39th Annual General Meeting held on September 28, 2026. The meeting, conducted via Video Conferencing and Other Audio Visual Means, saw the adoption of audited financial statements for FY26 and key directorial appointments.

The Chairman provided an overview of the real estate sector's impact on the Indian economy and discussed the company's financial performance for the fiscal year ended March 31, 2026. Vice-Chairman and CEO D. Krishna Kumar Raju presented the independent auditor's report and addressed shareholder queries regarding current and upcoming projects.

Ordinary business resolutions

The shareholders considered two ordinary resolutions during the meeting. The first involved the adoption of the audited financial statements and reports for FY26. The second resolution concerned the appointment of Y. Siddharth Reddy as a director in place of himself, who retired by rotation and was eligible for re-appointment.

Special business resolutions

Two special resolutions were also tabled for approval. These included the appointment of Poojitha Baheti as an Independent Director for a first term of five consecutive years, commencing September 4, 2026, up to September 3, 2031. Additionally, the board sought approval to re-appoint D. Krishna Kumar Raju as Vice-Chairman and CEO.

Voting results and compliance

E-voting was conducted through CDSL services, with Gopal Dhanaji & Associates serving as the scrutinizer. The consolidated voting results confirm that all resolutions passed with overwhelming majorities. A total of 217 members cast their votes, representing 4,19,89,098 shares. There were no invalid votes recorded across any resolution.

The remote e-voting facility was open from September 25 to September 27, 2026. The cut-off date for identifying eligible members was September 21, 2026. Notices were dispatched via email on September 4, 2026, with newspaper advertisements published in 'Telugu Prabha' and 'Business Standard' on September 5, 2026.

Country Condos board approved the annual report for FY26 and scheduled its 39th Annual General Meeting for September 28, 2026.

The meeting, held on September 4, 2026, also saw the appointment of Smt. Poojitha Baheti as an Independent Director and the re-appointment of Mr. D. Krishna Kumar Raju as Vice-Chairman & CEO.

Financial Performance

The company reported a revenue from operations of ₹1,748.35 lakh for the financial year ended March 31, 2026, an increase from ₹1,670.69 lakh in the previous year. Net profit for the year stood at ₹59.41 lakh, compared to ₹59.75 lakh in FY25.

Total assets increased to ₹44.99 crore in FY25-26, while net worth reached ₹25.69 crore. The company maintained a debt-equity ratio of 0.00, indicating no borrowings or lease liabilities as of March 31, 2026.

Annual Report and AGM

The Board of Directors approved and took note of the Board of Directors Report for the financial year ended March 31, 2026, which forms part of the Annual Report.

The company has convened the 39th Annual General Meeting of its members for Monday, September 28, 2026, at 2:00 pm. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in accordance with relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Director Appointments

The board finalized key personnel changes during the session:

• Re-appointment of CEO: The board proposed the re-appointment of Sri Datla Krishna Kumar Raju (DIN: 00115553) as Vice-Chairman & CEO. His term is set for three years, commencing from February 13, 2027, up to February 12, 2030. His office is not liable to retire by rotation.
• Appointment of Independent Director: Based on the recommendation of the Nomination and Remuneration Committee, the board appointed Smt. Poojitha Baheti (DIN: 09692764) as an Additional Director (Non-Executive & Independent) effective September 4, 2026. She will hold office until the conclusion of the 39th AGM. Her appointment as an Independent Director for a term of five consecutive years is subject to approval by members through a Special Resolution at the ensuing AGM.

Smt. Baheti holds a Bachelor of Commerce degree from Osmania University, completed in 2006. She currently serves as Manager - Finance & Marketing at Kabra Jewellers and brings 20 years of experience in finance and marketing. She is not related to any existing directors.

Regulatory Disclosure

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company notified both the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding these deliberations.