UTI Asset Management Company Limited (UTI AMC) has taken a significant step in enhancing employee ownership by allotting 39,284 equity shares under its Employee Stock Option Scheme. This move, approved by the company's Nomination and Remuneration Committee, marks a notable development in UTI AMC's corporate strategy.

Key Details of the Allotment

Impact on Share Capital

The allotment of these new shares will result in an increase in UTI AMC's issued and paid-up share capital. Here's how the numbers stack up:

Implications and Rights

UTI AMC has confirmed that the newly allotted equity shares will have equal rights with the existing equity shares, ensuring parity among all shareholders. This allotment follows the exercise of options by eligible employees under the scheme.

The company's decision to expand its employee stock ownership program could be seen as a strategic move to enhance employee engagement and retention. By providing employees with a stake in the company's success, UTI AMC may be aiming to foster a stronger sense of ownership and commitment among its workforce.

As the asset management industry continues to evolve, such initiatives may play a crucial role in attracting and retaining talent, which is often considered a key differentiator in the competitive financial services sector.

UTI Asset Management Company (UTI AMC) has released its financial results for the second quarter of fiscal year 2026, showcasing steady growth and announcing key strategic developments.

Financial Highlights

UTI AMC reported a 5% year-on-year increase in consolidated core income, reaching Rs. 390.00 crores for Q2 FY26. The company's normalized consolidated core Profit After Tax (PAT) stood at Rs. 127.00 crores, after adjusting for a one-time family pension revision impact of Rs. 25.00 crores.

Key financial metrics for Q2 FY26:

Leadership Transition

In a significant move, UTI AMC's Board of Directors has appointed Vetri Subramaniam as the incoming Managing Director and CEO, effective February 1, 2026. The current MD and CEO, Imtaiyazur Rahman, will transition to the role of Strategic Advisor until June 2026, ensuring a smooth handover of leadership.

Operational Highlights

• SIP inflows for Q2 FY26 reached Rs. 2,338.00 crores, showing a 12.04% year-on-year growth.
• The company launched UTI Multi Cap Fund in May, which has grown to Rs. 1,576.00 crores in assets by September.
• UTI AMC captured a 6.2% market share of industry gross sales during the quarter.

Strategic Initiatives

UTI AMC has implemented a Voluntary Retirement Scheme (VRS) for 479 eligible employees, with applications accepted until October 31, 2025. This move is part of the company's workforce optimization strategy.

Future Outlook

Vetri Subramaniam, the incoming MD and CEO, outlined key focus areas for the company's future:

1. Workforce rejuvenation and optimization of the sales team structure
2. Enhancing brand visibility and connection with younger investors
3. Improving digital assets and customer engagement
4. Maintaining strong fund management processes
5. Increasing SIP market share

Subramaniam emphasized the importance of balancing cost control with strategic investments in brand and digital capabilities to drive long-term growth.

As UTI AMC navigates through this transition period, the company remains committed to delivering value to its customers, shareholders, and stakeholders while adapting to the evolving financial landscape.