UTI Asset Management Company Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on September 30, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
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UTI Asset Management Company held its 8th EGM on September 30, 2025, via video conferencing, chaired by Independent Director Mr. Dinesh Kumar Mehrotra. 66 public shareholders participated, while promoters did not vote on the resolutions. Both items on the agenda were ordinary resolutions: (1) appointing Mr. Vetri Subramaniam (DIN: 11106784) as a Director, and (2) approving his appointment and remuneration as Managing Director & CEO. Resolution 1 passed with overwhelming support — 99.75% of polled votes in favour (8.50 crore votes for vs. 2.15 lakh against). Resolution 2 also passed but with lower support — 92.29% in favour (7.86 crore votes for vs. 6.57 lakh against), reflecting some institutional dissent on remuneration. Mr. Subramaniam, currently designated as MD & CEO-Designate, attended as an invitee alongside current MD & CEO Mr. Imtaiyazur Rahman, suggesting a planned leadership transition at India's fourth-largest asset manager.
Shareholders have approved Vetri Subramaniam as the next MD & CEO of UTI AMC, with the chairman succession now formally cleared. The notable ~7.7% dissent on the remuneration resolution (driven by public institutions) may draw some attention but is unlikely to derail the transition. For the stock, this is largely procedural and may be mildly positive as leadership uncertainty is resolved.