Awarded the best report in terms of excellence in financial reporting for five consecutive years
Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of software products and solutions for the global banking and financial services industry, today announced that the Annual Report including the financial statements of the Company for the year ended March 31, 2013, was inducted into the coveted Hall of Fame by the Institute of Chartered Accountants of India, in the category, Service sector (other than financial services) with turnover less than Rs. 500 crore, of the ‘ICAI Awards for Excellence in Financial Reporting’ for the year 2012-13.
The Hall of Fame honour is awarded to an entity for winning the Gold Shield for Annual Report and Accounts of the Company, in the same category, for five years consecutively. Nucleus Software received the award at a ceremony held in New Delhi. Hon’ble Shri Manish Tewari, Union Minister of State for Information and Broadcasting (Independent Charge) was the Chief Guest and Hon’ble Justice Shri G.S. Sistani, Judge, Delhi High Court was the Guest of Honour at this event.
Mr. Vishnu R Dusad, CEO and Managing Director and Mr. Prithvi Haldea, Non-Executive, Independent Director of Nucleus Software received the award on behalf of the Company.
On this occasion, Mr.Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “We are committed towards maintaining high standards of transparency and accountability while safeguarding the interests of all our stakeholders. Being awarded the Hall of Fame reflects our dedication to global best practices in accounting and reaffirms our dedication towards achieving high standards of excellence in financial reporting”.
The awardees were selected by the panel of judges on review of accounting practices adopted by the participating enterprises in the preparation of financial statements and the policies adopted for disclosure and presentation of financial statements and other information in the annual reports without regard to their financial condition and operating performance. On the basis of degree of compliance with the Accounting Standards, statutory guidelines and other relevant pronouncements, the Gold Shield is awarded to the best entry. The distinguished Jury, for this year was chaired by Shri T. S. Vijayan, Chairman, Insurance Regulatory and Development Authority (IRDA).