UTI Asset Management Company Ltd has appointed Ms. P V Bharathi as the new Chairperson of the Board and the Company, effective July 29, 2026. The decision was taken during a board meeting held on July 22, 2026. Ms. Bharathi, a Non-Executive Independent Director, succeeds Mr. Deepak Kumar Chatterjee, who will step down following the completion of his second term as Non-Executive Independent Director on July 28, 2026.

Mr. Deepak Kumar Chatterjee (DIN: 03379600) will cease to be the Chairperson of the Board and a member of the Risk Management Committee, Stakeholders Relationship Committee, Unitholder Protection Committee, and FINCON Governance Committee from the close of business hours on July 28, 2026. The Board acknowledged his valuable contributions and guidance during his tenure with the company.

Ms. P V Bharathi (DIN: 06519925) brings 37 years of professional banking experience to the role. She began her career as a Probationary Officer at Canara Bank in December 1982 and retired as Executive Director (WTD) in September 2016. Her extensive experience includes serving as the MD & CEO of Corporation Bank, where she led the bank out of Prompt Corrective Action, and as a Chief Risk Officer where she implemented advanced risk management frameworks.

The appointment follows the disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting, which commenced at 1400 hrs IST and concluded at 1745 hrs IST, also reviewed the requisite regulatory filings attached as Annexure-A and Annexure-B.

Key Directorial Changes

UTI Asset Management Company Limited held its 23rd Annual General Meeting (23rd AGM) on July 21, 2026, through video conferencing to approve its financial results for the year ended March 31, 2026, and declare a final dividend. The meeting, chaired by Mr. Deepak Kumar Chatterjee, Non-Executive Chairman and Independent Director, concluded at 1516 hrs IST after transacting four ordinary businesses. All resolutions were passed with the requisite majority following remote e-voting and e-voting during the meeting.

Key Resolutions Passed

The shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the directors' report and auditor's report thereon. The company declared a final dividend on equity shares for the same financial year. Additionally, the meeting approved the re-appointment of Mr. Santosh Kumar (DIN: 10166739), who retires by rotation, as a Non-Executive Nominee Director. M/s. B S R & Co. LLP, Chartered Accountants, were re-appointed as the Statutory Auditor of the company, and their remuneration was fixed.

Voting Details and Participation

The remote e-voting period commenced on July 18, 2026, and concluded on July 20, 2026. Voting rights were reckoned based on equity shares held as on the cut-off date of July 14, 2026. A total of 1,66,929 shareholders were on record as of the cut-off date. While 84 members participated through video conferencing, 446 shareholders cast their votes through remote e-voting and 21 through e-voting at the AGM.

Scrutinizer's Report Findings

Mr. Vishal N. Manseta, Practicing Company Secretary, served as the scrutinizer for the e-voting process. The consolidated report indicated that all four resolutions received overwhelming support from the shareholders. The resolution to adopt financial statements received 99.97% votes in favour, while the dividend declaration received 100% votes in favour. The re-appointment of the director and the statutory auditor also secured significant majorities.

The proceedings, scrutinizer's report, and e-voting results have been submitted to the National Stock Exchange of India Limited and BSE Limited and are available on the company's website.