UTI Asset Management Company Limited has initiated a postal ballot to seek shareholder approval for the appointment of Mr. Narayan Subramaniam Ayyankav as a Non-Executive Independent Director. The Board appointed him as an Additional Director on July 31, 2026, pending member ratification under SEBI Listing Regulations.

The remote e-voting period commences on September 8, 2026, and concludes on October 7, 2026. Shareholders holding units as of the September 4, 2026 cut-off date are eligible to vote. KFin Technologies Limited serves as the registrar and share transfer agent facilitating the electronic voting process.

Appointment Details

Mr. Ayyankav will serve a term of three consecutive years, from July 31, 2026, to July 30, 2029. He is not liable to retire by rotation. The Nomination and Remuneration Committee recommended his appointment based on his extensive experience in financial services, banking, and capital markets.

Professional Background

Mr. Ayyankav brings over three decades of experience from the Kotak Mahindra Group. His career includes roles such as Managing Director and CEO of Kotak Securities, Group President – Commercial Banking at Kotak Mahindra Bank, and Group President – Treasury. He also served as an Advisor to Kotak Mahindra Bank until May 2024.

He holds a Chartered Accountant qualification and an Advanced Management Program certificate from Harvard Business School. Currently, he holds no directorship in other listed entities but is associated with Infina Finance Private Limited.

Voting Process

The company dispatched the postal ballot notice electronically to registered members. Individual demat account holders can vote through NSDL or CDSL platforms using single login credentials. Physical shareholders must register their email addresses via Form ISR-1 to participate in the remote e-voting process facilitated by KFintech.

HDFC Mutual Fund schemes have increased their equity stake in UTI Asset Management Company Limited to 5.28% of the paid-up capital following open market acquisitions.

The acquisition brings the aggregate holding of HDFC Mutual Fund to 67,84,787 shares as on September 1, 2026. This represents an addition of 5,02,179 shares, or 0.39% of the total voting capital, purchased during the reporting period.

Acquisition Details

The purchase was executed through various HDFC Mutual Fund schemes acting in concert. The transaction was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The schemes involved in the acquisition include the HDFC BSE 500 ETF, HDFC Dividend Yield Fund, HDFC Balanced Advantage Fund, and HDFC Small Cap Fund, among others managed by HDFC Asset Management Company Limited.

Capital Structure Context

UTI Asset Management Company Limited has a paid-up equity share capital of ₹1,28,53,90,280, comprising 12,85,39,028 equity shares with a face value of ₹10 each. The total share capital remained unchanged following this acquisition.

No encumbrances, pledges, or convertible securities were reported in connection with these holdings. The acquirer is not part of the promoter group.