London, United Kingdom – September 22, 2017: Sterlite Tech [BSE: 532374, NSE: STRTECH], an end-to-end global technology leader in smarter digital networks, has been honoured with the Golden Peacock Award for Excellence in Corporate Governance - 2017.
Elaborating on the Company’s corporate governance model, Anupam Jindal, CFO, Sterlite Tech, said, “We observe stringent corporate governance practices as a key to sustainable corporate growth. For us, the primary objective is to develop and adhere to a corporate culture of harmonious and transparent functioning, increase employee and customer satisfaction, and enhance shareholders’ value. This could be achieved by developing capabilities and identifying opportunities that best serve the goal of value creation globally.”
Highlighting the honour, Dr. Anand Agarwal, CEO, Sterlite Tech, said, “The award recognises our efforts in establishing industry best practices in corporate governance, sustainability and management metrics to enable growth strategy and timely decision-making. With the company strongly expanding its footprint globally, we are backed by a strong foundation that enables success in diverse markets.”
Sterlite Tech was selected by the Awards Jury under the Chairmanship of Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India. The award will be presented during Golden Peacock Awards Ceremony, to be held on October 25, 2017 at London. Golden Peacock Award for Corporate Governance is a self-assessment process that inspires and aligns the entire workforce and management functions while recognising excellence in organisational performance.
About Sterlite Technologies:
Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader that designs, builds and manages smarter digital networks. Sterlite Tech engages in six continents and more than 100 countries, with a digital networks focused business spanning across products, services and software – optical communication products, network & system integration services and OSS/BSS software solutions. The Company has state-of-the-art manufacturing facilities in India, China & Brazil, and aims to transform everyday living by delivering smarter networks. With a strong portfolio of 155 patents, Sterlite Tech is home to India’s only Centre of Excellence for broadband research. Projects undertaken by the company everyday living by delivering smarter networks. With a strong portfolio of 155 patents, Sterlite Tech is home to India’s only Centre of Excellence for broadband research. Projects undertaken by the company
Forward-looking and cautionary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies' expected financial position, business strategy, the future development of Sterlite Technologies' operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies' present, future business strategies, and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies' industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies' control, include, but are not limited to, those risk factors discussed in Sterlite Technologies' various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.com and www.bseindia.com.