UTI Asset Management Company Limited has informed the Exchange that Register of Members & Share Transfer Books of the Company will remain closed from 25-Jul-2025 to 31-Jul-2025 for the purpose of Dividend.
UTIAMC · price
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UTI AMC has fixed July 31, 2025 (4:00 PM IST) as the date for its 22nd Annual General Meeting, to be held via video conferencing. The Board has recommended a total dividend of ₹48 per equity share (₹26 normal + ₹22 special) for FY2024-25, which is 480% on the face value of ₹10, subject to shareholder approval. The register of members and share transfer books will remain closed from July 25 to July 31, 2025, with the cut-off date for eligibility set as July 24, 2025. Remote e-voting will be open from July 28 to July 30, 2025, and dividend, if approved, will be paid by August 7, 2025. The company also announced that Mr. Vetri Subramaniam (current CIO) has been selected as the next Managing Director & CEO, pending regulatory approval.
Shareholders holding UTI AMC shares as of July 24, 2025 will be eligible for the ₹48 per share dividend — a substantial payout compared to the ₹10 face value. The high dividend yield is likely to attract income-focused investors, though stock price may adjust on the ex-date. Leadership transition to Mr. Subramaniam from within the company signals continuity.