Country Condos - Outcome of Board Meeting

Country Condos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 23, 2009, inter alia, has approved the Resignation of Sri. D Sree Rama Raju from the office of Managing Director and also Director on the Board of the Company.

Sri. Y. Rajeev Reddy, Chairman and Managing Director of the Company has been authorised to manage the affairs of the Company with immediate effect.