Satin Creditcare Network Limited Wins Gold Award for Annual Report

Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404), one of the leading microfinance institutions in the country, has garnered the Gold industry spot for its FY20-21 annual and integrated report in the 'Financial - Diversified Services' category at the 2020-21 Vision Awards Annual Report Competition, organized by the League of American Communications Professionals (LACP), USA. The reports earned 98 out of 100 points, making it the 50th Best annual report and 51st best integrated report among Top 100 Annual Reports in the world. The event drew unprecedented number of submissions representing over 24 countries.

Developed under the theme 'Doing It Right', SCNL's FY2020-21 Annual Report demonstrated 'Right Strategies' adopted by the Company and focused on how the Company, through its resilience and conviction, never lost sight of its purpose - creating value for its stakeholders - even during such a tumultuous year.

SCNL is committed to ensuring the highest standards of transparency, communication, and excellence in all its financial and non-financial disclosures and reporting, including governance and ethics. The award benchmarks and recognizes the best practices in international financial reporting.

Mr. HP Singh, Chairman and Managing Director, Satin Creditcare Network Ltd, says, "We are elated that SCNL's Annual Report is being recognized second time in the row at the Vision Awards, alongside some of the best international and national companies. This award validates our Company's focus and interest in stakeholders, as well as the strategic and tactical decisions it makes. I would like to thank everyone who has been involved in making this project a grand success.

The League of American Communications Professionals (LACP) is an association established in 2001 in order to create a forum within the PR industry that facilitates discussion of best-in-class practices within the profession while also recognizing those who demonstrate exemplary communications capabilities.

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 85.30 as compared to the previous close of Rs. 89.65. The total number of shares traded during the day was 23479 in over 82 trades.

The stock hit an intraday high of Rs. 88.90 and intraday low of 85.20. The net turnover during the day was Rs. 2002162.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 GoldAward LACP