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SKS Microfinance Ltd has said that the company “very much maintained” its proxy register and that no shareholder had asked for it either at or before the last annual general meeting.
The company was responding to a complaint filed by its single-largest shareholder, SKS Trust, that the company did not produce the Register of Proxies.
SKS Trusts had also pointed out that the register was neither available for inspection by the shareholders nor was the time of proxy closure mentioned at the 10th AGM recently.
In response, the company said: “Due and complete corporate resolutions are very much held by the company and proxy forms in question comply with all requirements of the law. They are duly signed and are complete in all legal respects.”
“In fact, the company only received one notice for inspection in connection with this AGM. That notice does not even mention the words proxy register or corporate resolutions,” it added.
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