UTI Asset Management Company Limited has informed the Exchange about General Updates regarding intimation relating to financial impact on the profit & loss statement of the company due to Voluntary Retirement Scheme (VRS)
UTIAMC · price
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UTI AMC has informed the exchanges that its profit and loss statement will bear a one-time charge of ₹85.79 crore due to ex-gratia payments made under a Voluntary Retirement Scheme. This follows an earlier intimation on 23rd September 2025 about the launch of the VRS. The expense will be recognised in the financial statements for Q3 of FY 2025-26. The disclosure has been made under SEBI Listing Regulations and is also available on the company's website.
This one-time charge will reduce UTI AMC's reported profits for Q3 FY2025-26, but could lead to long-term cost savings and improved operational efficiency as employees opt for early retirement. Short-term stock sentiment may be mildly negative, though the market had already been aware of the VRS launch since September.