The results are in...
Resolution 1: To change the name from Neyveli Lignite Corporation to NLC India: For 97.42 %. Against 2.58%.
Resolution 2: Amendment to Object clause to Memorandum of Association of the Company (including the production of high purity iron ingots using lignite instead of coking coal): For 97.42 %. Against 2.58%.
Our government-owned $billion partner, NLC India, now have overwhelming shareholder approval to change their company structure (after 6 decades) to include our very own Matmor process.
Ladies and gentlemen, welcome to a new era.
https://www.nlcindia.com/investor/pb_2016_result.pdf
NLC Vote.
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