The members of Country Club (India) Ltd have approved an enabling resolution that allows the management to raise up to $100 million (about Rs 525 crore) for its expansion projects. This could be through GDRs/ADRs/FCCBs or QIBs.
The company in a statement to the BSE mentioned that the members at its 21st annual general meeting approved a final dividend of five per cent on paid-up capital of the company. It has re-appointed K. Satyanarayana Raju, D.V. Ratna Kishore and Y. Subba Rao, as directors. D. Krishna Kumar has been appointed as Vice-Chairman and Executive Director for five years. The company has reappointed P. Murali & Co as Chartered Accountants.