UTI AMC approves FY26 financials and dividend at 23rd AGM
UTI Asset Management Company Limited successfully conducted its 23rd AGM on July 21, 2026, approving the audited financial statements for FY26, declaring a final dividend, and re-appointing key personnel. All resolutions were passed with the requisite majority, with the dividend declaration receiving unanimous support from voting shareholders.
*this image is generated using AI for illustrative purposes only.
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.
| Resolution | Votes in Favour | Votes Against | % of Votes in Favour |
|---|---|---|---|
| Adoption of Financial Statements | 9,40,32,429 | 361 | 99.97% |
| Declaration of Final Dividend | 9,40,59,364 | 361 | 100.00% |
| Re-appointment of Mr. Santosh Kumar | 8,06,58,982 | 1,33,99,042 | 85.75% |
| Re-appointment of Statutory Auditor | 9,40,55,484 | 2,540 | 99.99% |
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.
Historical Stock Returns for UTI AMC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.23% | -6.98% | -2.08% | -11.34% | -37.67% | +1.92% |
How will the approved financial results influence UTI AMC's market positioning and competitive strategy in the upcoming fiscal year?
What impact will the final dividend declaration have on shareholder retention and future investment inflows?
What are the strategic priorities for the re-appointed director and auditor to ensure governance and growth in the next term?
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