UTI Asset Management Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
UTIAMC · price
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UTI AMC has called its 22nd AGM for Thursday, July 31, 2025 at 4:00 PM IST, to be held via video conferencing. The board has recommended a total final dividend of ₹48 per equity share (₹26 normal + ₹22 special), equal to 480% on the face value of ₹10, subject to shareholder approval. Key agenda items include adoption of FY25 audited financial statements, re-appointment of Mr. Srivatsa Desikamani (T. Rowe Price nominee) as Non-Executive Director, and appointment of Mr. Vishal N. Manseta as Secretarial Auditor for 5 years. The company also disclosed that Mr. Vetri Subramaniam, currently the Chief Investment Officer, has been selected as the next Managing Director & CEO, pending approval from the UTI Trustee Company. Book closure runs from July 25 to July 31, 2025, with the cut-off date for dividend and voting eligibility set at July 24, 2025, and remote e-voting open from July 28-30, 2025.
Shareholders on the record date of July 24, 2025 stand to receive a strong ₹48 per share dividend if approved at the AGM, with payment expected by August 7, 2025. The leadership transition to a CIO-led successor is a material governance update that investors should watch closely once trustee and shareholder approvals are completed.