December 14, 2010
| Press Release
New Delhi, December 14, 2010
Nucleus Software Recognized By SAFA in Best Presented Accounts Award 2009
: 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 joint first runner’s up position for the Best Presented Accounts Award for the year 2009 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 Kathmandu, Nepal on December 12, 2010. Vishnu R Dusad, CEO & Managing Director, Nucleus Software
said, “We are honored to receive the South Asian Federation of Accountants award. As an organization we are focused in offering the best regional and global financial reporting to sustain our legacy of being a global innovation led company. We believe that our commitment to transparent reporting and corporate governance practices will take Nucleus to the next level, in business leadership.”
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.
SAFA has previously adjudged Nucleus’ annual report for the second runner up position for the Best Presented Accounts Awards for the year 2008 and Merit Award for Best Presented Accounts Award for the year 2005.
Nucleus has also previously won a Gold Shield for the ‘ICAI Award for Excellence in Financial Reporting’ for the Annual Report and Accounts for year 2009 and 2008 respectively, under the category ‘Information Technology, Communication and Entertainment enterprises’. About SAFA:
South Asian Federation of Accountants (SAFA) was formed in the year 1984 to serve year 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.