Mr Manoj Gupta, Managing Director receiving the coveted Gold Award at the grand finale of the 56th Annual Report Awards by CA Sri Lanka

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) accorded the “Gold Award” to the Annual Report of Lanka IOC PLC under the Power and Energy Sector for the year 2020-21 during the Grand Finale of 56th Annual Report Awards ceremony.

Annual Report awards by CA Sri Lanka are the most prestigious awards and corporate event over half a century in the country which awards the selected Corporates for their resilience and perseverance in promoting transparency, accountability, good governance, and social responsibility helping investors and other stakeholders gain better insight into the organisation’s operations and achievements.

The award was received by Lanka IOC Managing Director Mr Manoj Gupta and his team at the award ceremony held recently at the BMICH. The ceremony was held under the patronage of Viraj Dayaratne, President’s Counsel, and Chairman of the Securities and Exchange Commission of Sri Lanka, Manil Jayesinghe, President of CA Sri Lanka, Dumith Fernando, Chairman of the Colombo Stock Exchange, Sanjaya Bandara, Vice President of CA Sri Lanka, Chaaminda Kumarasiri, Chairman of the Annual Report Awards Committee; Chamila Cooray, Alternate Chair of the Annual Report Awards Committee, Rajeeva Bandaranaike, Chief Executive Officer of the Colombo Stock Exchange and Dulani Fernando, Chief Executive Officer of CA Sri Lanka.

Speaking at the acceptance of the award, Mr Manoj Gupta stated that “The Annual Report Award is affirming our continuous commitment towards transparent reporting and upholding the highest standards of corporate governance. The year 2020-21 was an extraordinarily turbulent phase in the backdrop of the pandemic. Our passionate and dedicated teams; within our organization and across our value chain network stepped forward to serve with unstinted passion and dedication. Our foremost priority was to serve with a’ Nation First’ mindset. Over our 19-year journey we at LIOC have always been committed to play a pivotal role in the economic development of the country, by powering the nation through vibrant channels of distribution and a diversified range of products.”

Over 70 companies, ranging from conglomerates, multinationals to non-profit organisations, and SMEs, were honoured at this year’s competition for their excellence in financial reporting.

The recognition of Annual Report represents company’s standards in financial reporting in line with global standards, performance and prospects that lead to the value creation over the short, medium and long term beyond the statutory compliance of reporting. The award ceremony was graced by many distinguished guests from Industry across all sectors in Sri Lanka.