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JAT Holdings Secures Double Triumph at TAGS Awards 2023 Showcasing Excellence in Comprehensive Repor

JAT Holdings Secures Double Triumph at TAGS Awards 2023 Showcasing Excellence in Comprehensive Reporting and Sustainability
2023-12-22

In a resounding celebration of excellence in comprehensive reporting, JAT Holdings PLC proudly clinched the coveted Gold Award in the Emerging Listed Companies category and a distinguished Silver Award in the Trading Sector at the prestigious TAGS Awards 2023. This double triumph underscores JAT’s unwavering commitment to Transparency, Accountability, Governance, and Sustainability (TAGS).

Reflecting JAT’s steadfast dedication to these values, the awards highlight the Group’s exemplary performance in delivering comprehensive reporting for the benefit of all stakeholders. The accolades demonstrate JAT’s commitment to upholding the highest levels of integrity in both financial and non-financial reporting, emphasizing a profound dedication to fostering sustainable growth.

Director of Finance at JAT Holdings PLC, Rizna Dilshard, commented saying, “We are honored to receive the Gold Award in the Emerging Listed Companies category and the Silver Award in the Trading Sector at the TAGS Awards 2023. This recognition reflects our dedication to transparent and sustainable business practices. We believe in the highest standards of transparency in comprehensive reporting, encompassing both financial and non-financial reporting aspects, and believe that this is integral to upholding accountability, sustainability, and good governance within the Group. Knowing where we stand can help us to ensure that we remain correctly oriented toward our future goals and vision. We take this opportunity to thank the awarding body and our exceptional teams at JAT that have made this victory possible.”

Organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the TAGS Awards hold a venerable status as one of Sri Lanka’s most respected corporate awards platforms. It serves as an esteemed forum that recognizes and honors excellence in annual financial reporting. For five decades, the competition has been a guiding light for the country’s corporate sector, promoting principles of transparency, accountability, good governance, and sustainability. This enduring commitment has played a crucial role in strengthening Sri Lanka’s financial landscape and the corporate sector.

JAT Holdings has demonstrated a commitment to providing stakeholders with a nuanced understanding of its operations, not confined to financial metrics alone. Comprehensive, transparent reporting has been a cornerstone of this endeavor. The company’s reports delve into the intricacies of both financial and non-financial aspects, offering a comprehensive view of its financials, operations, ESG goals and metrics, social development activities, and governance matters, providing a transparent overview of all that JAT Holdings PLC stands for and strives for.

The company’s high reporting standards and commitment to transparency have supported the Group as it continuously reaches new and exciting milestones. Earlier in the year, JAT recorded its highest-ever export revenues during the first half of FY 2023/24, attributed to market expansion. Meanwhile, its global operations are proceeding at an exceptional pace, paving the way for JAT Holdings PLC to emerge as a leading regional conglomerate. Accordingly, the Group believes that ensuring stakeholders have access to updated and comprehensive information is crucial for the continued growth and success of its various businesses.

Transparency, a key pillar in JAT’s corporate philosophy, has played a pivotal role in building trust among stakeholders. Open communication channels and a willingness to share both successes and challenges contribute to a transparent corporate culture. This, in turn, fosters a relationship of trust with investors, customers, and the wider community.

Sustainability also lies at the heart of JAT’s business strategy, extending beyond simple regulatory compliance. The company actively engages in sustainable practices, from responsible sourcing of materials to eco-friendly manufacturing processes and community upliftment. JAT Holdings recognizes that a commitment to sustainability is a fundamental responsibility towards the environment and future generations. JAT Pintharoo Shilpee Abhiman – an ongoing program to uplift skilled wood craftsmen and provide them with sponsored, fast-tracked NVQ Certification in partnership with NAITA, along with many other ongoing community development initiatives for wood craftsmen – is a shining example of JAT’s unrelenting commitment to its principles and corporate values.

The awards it secured at the 58th Annual TAGS Awards affirm that JAT Holdings PLC’s commitment to TAGS principles is guided by its corporate philosophy, which permeates every aspect of its operations. As the Group celebrates this exciting success, JAT Holdings PLC reaffirms its commitment to transparency, accountability, governance, and sustainability as part of its ongoing journey of excellence.

JAT Holdings PLC is the market leader in wood coatings and brushes in Sri Lanka, with a dominant presence in the paints, and luxury home and office furnishing sectors. With two state-of-the-art manufacturing facilities, located in Sri Lanka and Bangladesh, supported by an advanced Research and Development Centre in Sri Lanka, JAT Holdings continues to fuel innovation, solidifying its position as a key player and emerging conglomerate in the region. Recognized for its financial stability, even in times of adversity, JAT Holdings PLC has been awarded a National Long-Term Rating of 'AA(lka)' by Fitch Ratings, whilst also being prestigiously ranked as the No. 1 Most Awarded Entity in the Diversified Sector by LMD. JAT Holdings’ commitment to its employees and workplace excellence has also been recognized through its certification as a Great Place to Work, making it an employer of choice.