Symphony Limited has yet another time shown their transparency and accuracy in declaring financial and non-financial information about the company by winning the ICAI award for excellence in financial reporting for the second consecutive years. The company had won the same award for its 2009-10 annual report too.
Symphony won the Institute of Chartered Accountants of India (ICAI) for excellence in financial reporting in the category of manufacturing sector (turnover up to Rs 500 crore). The award has been conferred in recognition of the preparation of Annual Report and Financial Statements. Symphony excelled in the quality of financial and non-financial information, presentation and disclosures.
Moreover, the key aspects of the annual report that fetched the company this award were value added, investor friendly information and transparency. In preparing the annual reports, the Symphony also excelled in adherence to accounting standards, policies and statutory compliance. Corporate governance practices followed and disclosures and integrity in reporting were the other major areas of excellence in Symphony’s annual reports.
Nrupesh Shah, Executive Director of Symphony Ltd, said, “While preparing the annual report, we at Symphony, take extra care in presenting the financial and non financial information in the best possible way and follow the highest global standards. It is our honest attempt to communicate with shareholders and stakeholders that we are strictly adhering to the best accounting standards and norms.”
