Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302), one of India’s large diversified conglomerates, has won the Gold Award in ‘Conglomerates, Holding Companies, Diversified Interest’ category at the 2016 Vision Awards Annual Report Competition, held by the League of American Communications Professionals (LACP). PEL’s FY2015-16 Annual Report earned 98 out of 100 points. The awards benchmarks and recognises best practices in international financial reporting.

Built on its core values, Piramal Group 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.

Mr. Vijay Shah, Executive Director, Piramal Enterprises Limited, said: “We are delighted that Piramal’s Annual Report was recognised at the 2016 Vision Awards, alongside some of the best international companies. This award is a testament to the performance of our teams, and will continue to encourage to improve the quality and transparency of our disclosures, enabling investors to make informed decisions.”

Developed under the theme of ‘Transforming Consistently. Delivering Value,’ PEL’s FY2015-16 Annual Report demonstrated the Company’s ability to continuously transform, evolve and create positive changes by discovering new or revised business models, based on a vision for the future.

The 2016 Vision Awards Annual Report Competition drew one of the largest number of submissions ever, representing a broad range of industries and organisational sizes. Nearly 1,000 entries were accepted in this year’s competition.

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