UTI Asset Management Sets July 24, 2025 as Record Date for Final Dividend

1 min read     Updated on 22 Jul 2025, 01:17 PM
scanxBy ScanX News Team
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Overview

UTI AMC has announced July 24, 2025, as the record date for its final dividend. This date will determine shareholder eligibility for the dividend payout. The announcement, made in compliance with SEBI regulations, follows the company's 22nd Annual General Meeting notice and Annual Report for FY 2024-25. Shareholders owning UTI AMC shares at the close of business on the record date will be entitled to receive the dividend.

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*this image is generated using AI for illustrative purposes only.

UTI AMC has announced the record date for its final dividend, providing clarity to shareholders regarding their eligibility for the upcoming payout.

Key Details

Item Description
Record Date Thursday, July 24, 2025
Purpose Determining shareholder eligibility for the final dividend
Reference 22nd Annual General Meeting notice and Annual Report for FY 2024-25

Clarification and Compliance

UTI AMC has issued a clarification regarding the record date for its final dividend payment. In a filing to the BSE Limited, the company confirmed that the record date has been set in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The clarification comes as a follow-up to the company's earlier communication dated July 9, 2025, which included the Notice of the 22nd Annual General Meeting along with the Annual Report for the financial year ended March 31, 2025.

Importance for Shareholders

The record date is crucial for shareholders as it determines who will be eligible to receive the final dividend. Investors who own UTI AMC shares at the close of business on July 24, 2025, will be entitled to the dividend payout.

Corporate Governance

This timely clarification by UTI AMC demonstrates the company's commitment to transparent communication with its shareholders and compliance with regulatory requirements. By providing clear information about the record date, UTI AMC ensures that all stakeholders are well-informed about the dividend distribution process.

Shareholders and potential investors are advised to take note of this important date as it may impact investment decisions and dividend income planning.

Historical Stock Returns for UTI AMC

1 Day5 Days1 Month6 Months1 Year5 Years
-2.47%-4.34%+1.08%+23.02%+26.05%+172.36%
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UTI AMC Reports 17.9% Drop in Q4 Profit, Declares ₹48 Final Dividend

1 min read     Updated on 29 Apr 2025, 08:07 PM
scanxBy ScanX News Team
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Overview

UTI Asset Management Company announced its Q4 and FY23 results, showing a 17.9% decrease in Q4 net profit to ₹124.00 crore. For FY23, total income marginally increased by 0.37% to ₹1,320.21 crore, while net profit declined by 8.25% to ₹491.19 crore. The company declared a total dividend of ₹48.00 per equity share, including a final dividend of ₹26.00 and a special dividend of ₹22.00.

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*this image is generated using AI for illustrative purposes only.

UTI Asset Management Company (AMC) has announced its financial results for the fourth quarter and full fiscal year 2022-23, revealing a mixed performance with decreased profits but increased revenue for the full year. The company's board has also declared significant dividends for shareholders.

Q4 FY23 Performance

For the quarter ended March 31, 2023, UTI AMC reported:

  • Net profit of ₹124.00 crore, down 17.9% from ₹151.00 crore in the same quarter last year
  • Revenue from operations of ₹316.90 crore, down 3.2% compared to ₹327.00 crore in Q4 FY22

Full Year FY23 Results

For the fiscal year 2022-23, the company's financial highlights include:

Particulars (in ₹ crore) FY 2022-23 FY 2021-22 YoY Change
Total Income 1,320.21 1,315.40 +0.37%
Net Profit 491.19 535.36 -8.25%

Despite a marginal increase in total income, the company experienced a decline in net profit for the full year.

Dividend Announcement

UTI AMC has announced a final dividend of ₹26.00 per equity share and a special dividend of ₹22.00 per equity share, bringing the total dividend for the year to ₹48.00 per equity share. This declaration is subject to approval at the upcoming Annual General Meeting.

Management Commentary

Imtaiyazur Rahman, Managing Director and CEO of UTI AMC, stated, "While we faced challenges in the fourth quarter, our focus on long-term growth and operational efficiency remains strong. The declared dividend reflects our commitment to delivering value to our shareholders."

Other Key Developments

  • The company allotted 320,395 equity shares during FY 2022-23 pursuant to the exercise of stock options.
  • UTI AMC has appointed Mr. Vishal N. Manseta as the Secretarial Auditor for a period of five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholders' approval.

Market Outlook

While the asset management industry faces challenges due to market volatility and regulatory changes, UTI AMC remains focused on expanding its product offerings and enhancing its distribution network to drive growth in the coming fiscal year.

Historical Stock Returns for UTI AMC

1 Day5 Days1 Month6 Months1 Year5 Years
-2.47%-4.34%+1.08%+23.02%+26.05%+172.36%
like20
dislike
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