UTI Asset Management Company Limited has informed the Exchange that Record date for the purpose of Dividend is 24-Jul-2025.
UTIAMC · price
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UTI AMC has fixed 24-July-2025 as the record date for determining shareholders entitled to the final dividend for FY2024-25. The Board has recommended a total dividend of ₹48 per equity share, comprising a normal dividend of ₹26 and a special dividend of ₹22 (480% on face value of ₹10), subject to shareholder approval at the 22nd AGM on 31-July-2025. The register of members will remain closed from 25-July-2025 to 31-July-2025, with dividend payment scheduled on or before 7-August-2025. The AGM will also consider adoption of FY25 financial statements, re-appointment of Mr. Srivatsa Desikamani as Non-Executive Nominee Director, and appointment of Mr. Vishal N. Manseta as Secretarial Auditor for 5 years. The Board has also selected Mr. Vetri Subramaniam (current CIO) as the next MD & CEO, subject to UTI Trustee Company approval.
The combined ₹48 dividend (including a special dividend) signals strong cash distribution to shareholders and is likely to attract income-focused investors; the stock typically enters an ex-dividend phase shortly after the 24-July record date. Additionally, the announcement of a clear CEO succession plan reduces leadership uncertainty, which is positive for long-term shareholder sentiment.