Bengaluru, 27th December 2023: Vedanta Limited, a globally diversified natural resources company, won the prestigious South Asian Federation of Accountants (SAFA) Bronze Award for the Best Presented Annual Report for the year 2022 in the Diversified Holdings Category. The Award ceremony event was hosted by Institute of Chartered Accountants of India (ICAI) at Ghaziabad on 22nd December, 2023.
The SAFA BPA Award is considered as the most prestigious accolade for financial reporting in the South Asian region and signifies SAFA’s recognition and reward for organizations in the region which have achieved excellence in presentation and disclosure of high quality, relevant, reliable, and objective financial statements in accordance with the international framework. This significant recognition underscores Vedanta’s unwavering commitment to excellence in financial reporting, setting a new standard for transparency and accountability in the industry.
Mr. Ajay Goel, Chief Financial Officer, Vedanta Limited, expressed his gratitude for the prestigious accolade, stating, “We are honoured to receive the SAFA Award for the Best Presented Annual Report for the year 2022. Our commitment to governance, transparent reporting and financial stewardship shines brightly, reflecting our dedication to our stakeholders. We share this success with our dedicated team, whose hard work has contributed to this achievement.”
As Vedanta continues to grow, the award reinforces its position as a leader of best practices in financial reporting, garnering the trust and confidence of stakeholders, investors, and the wider business community.
The award, conferred by the South Asian Federation of Accountants, a committee dedicated to the improvement in transparency, accountability & governance, is for recognition of exemplary practices adopted by companies in the South Asian region. With a legacy spanning 40 years, SAFA represents countries like Bangladesh, India, Maldives, Nepal, Pakistan, Sri Lanka, and Afghanistan.
Vedanta has previously been honoured with a ‘Certificate of Merit’ for its annual report 2020 by the South Asian Federation of Accountants, making this Bronze Award a notable progression. Recently, the company was also conferred with the ‘Platinum Award’ at the coveted League of American Professionals (LACP) Spotlight awards for its Integrated Annual Report FY 22-23.