For postponing its Annual General Meeting (AGM), scheduled to be held on September 30, 2013, SKS Microfinance has obtained approval from the Registrar of Companies. The postponement is significant as the company has rejected a nomination of its founder and ex-chairman, Vikram Akula, as the representative of SKS Trusts, the largest shareholder in the company with a stake of 12.6 per cent.
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