RITES wins SAFA’s Gold Award for Best Presented Annual Report

NEW DELHI- RITES Limited, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, has been awarded a Gold in the Infrastructure & Construction category by the South Asian Federation of Accountants (SAFA). The award was presented to RITES during SAFA’s Best Presented Annual Report Awards, Integrated Reporting Award & SAARC Anniversary Award for Corporate Governance Disclosures 2021 ceremony in Kathmandu, Nepal, on 18th December 2022.

The Hon’ble Auditor General of Nepal, Mr Tanka Mani Sharma Dangal, conferred the award upon team RITES, represented by RITES’ Director (Finance) Mr B.P. Nayak and General Manager (Finance) Mr Anjeev Kumar Jain.

This award recognizes accounting best practices and policies adopted by RITES for the disclosure and presentation of financial statement(s) and the company’s highest degree of compliance with accounting standards, statutory guidelines, and regulations.