Royal Orchid Hotels Ltd is planning to sell its hotel property situated at Hyderabad.

According to a company release to exchanges, the company is seeking the shareholders’ approval through a postal ballot.

It is also seeking approval through postal ballot for payment of remuneration to the Managing Director and making of loans/investments/providing guarantee in pursuance of Section 372A of the Companies Act, 1956.

>anil.u@thehindu.co.in

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