November 11, 2009
| Press Release
New Delhi, November 11, 2009
Nucleus Software Recognized By SAFA In Best Presented Accounts Award 2008
: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions, today announced that South Asian Federation of Accountants (SAFA) has adjudged Nucleus’ Annual Report as the recipient of the second runner’s up position for the Best Presented Accounts Award for the year 2008 under the Communication and Information Technology Sector Category.
The awards under different categories are conferred on the basis of evaluation administered by SAFA’s committee for improvement in transparency, accountability & governance, of the published annual reports of entries from South Asian Countries, which includes Bangladesh, India, Nepal, Pakistan and Sri Lanka. The award has been conferred upon Nucleus Software at a ceremony held at Dhaka, Bangladesh on November 5, 2009. Vishnu R Dusad, CEO & Managing Director
said, “This recognition by South Asian Federation of Accountants is a testimony to our commitment towards maintaining the highest levels of transparency in our accounting practices. We have always been a strong proponent of good corporate governance and constantly strive to reflect the same in all our processes which in turn translates into increased confidence towards the company from both existing and potential customers.”
The SAFA Awards reflect 'accolades' for transparent, high-quality financial reporting and presentation of meaningful disclosures and other pertinent information in published corporate reports, catering to the needs of diversified stakeholders groups. The award for Nucleus Software reflects and reinforces its commitment towards adhering to statutory, legal and regulatory requirements and compliance with the accounting and financial reporting standards, codes and practices.
Nucleus has previously won a Gold Shield for the 'ICAI Award for Excellence in Financial Reporting'
for the Annual Report and Accounts of Nucleus Software for year ended March 31, 2008 under the category 'Information Technology, Communication and Entertainment enterprises.
Nucleus has also been ranked among the Top 25 companies adopting “Good Corporate Governance Practices” by ICSI, for three consecutive years, in 2008.About SAFA
South Asian Federation of Accountants (SAFA) was formed in the year 1984 to serve the accountancy profession in the South Asian Region and uphold its eminence in the world of accountancy. SAFA is an Apex Body of the South Asian Association for Regional Co-operation (SAARC) and a Regional Grouping of International Federation of Accountants (IFAC). SAFA represents over 170,000 accountants having membership of the national chartered accountancy and cost and management accountancy institutions in the South Asian countries namely Bangladesh, India, Nepal, Pakistan and Sri Lanka. SAFA came into existence at the initiative of the accounting professional bodies in the South Asian Region, which has a bond of culture and homogeneity of professional environment.