UTI Asset Management Company (UTI AMC) has revised the trading symbols of select exchange-traded funds (ETFs) listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with changes taking effect from December 24. The move aims to enhance visibility and create uniformity across the fund house's ETF offerings.

New Symbol Format Implementation

Under the revised nomenclature, ETF symbols will combine the underlying index name with the suffix "BETA" across both exchanges. This standardized approach replaces the previous naming convention that included the fund house identifier.

Scope of Changes

The symbol revisions apply to a comprehensive range of UTI AMC's ETF portfolio across multiple asset classes:

• Equity ETFs: Funds tracking benchmark indices including Nifty 50, Sensex, Nifty Bank, and Nifty IT
• Debt ETFs: Government securities exchange-traded funds
• Commodity ETFs: Gold and silver ETFs

Sharwan Goyal, Head – Passives, Quant and Arbitrage at UTI AMC, explained that the symbol changes are designed to simplify identification and improve clarity for market participants. The uniform naming convention helps investors better recognize the underlying index or asset class associated with each ETF.

Impact on Existing Investments

UTI AMC has clarified that the revisions are limited exclusively to trading symbols and do not affect fundamental aspects of the ETF schemes. The investment objective, portfolio composition, methodology, and other core characteristics remain unchanged. Existing investors are not required to take any action due to these symbol modifications.

Market Benefits

The standardized naming approach is expected to enhance the overall ETF trading experience by making fund identification more intuitive for both retail and institutional investors. The new format eliminates the need for investors to remember fund house-specific abbreviations while clearly indicating the underlying benchmark or asset class.

Shriram Asset Management Company Limited (SAMCL) has successfully completed its postal ballot proceedings, with shareholders overwhelmingly approving two significant corporate actions through remote e-voting. The company announced the completion of the voting process and passage of resolutions on December 23, 2025, with both resolutions receiving 99.9998% approval from voting shareholders.

Postal Ballot Results and Voting Statistics

The remote e-voting period concluded on December 23, 2025, at 5:00 P.M., with both proposed resolutions being passed by the members with overwhelming support. The voting process was conducted in compliance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution 1: Director Appointment

The appointment of Mr. Thian Joost Fick (DIN: 10328186) as Non-Executive Non-Independent Director received exceptional shareholder support. Mr. Fick, nominated by Sanlam Emerging Markets (Mauritius) Limited, brings extensive credentials to the board:

• Executive for India and Group Initiatives at Sanlam Group
• Over 19 years of experience in actuarial science, capital management, and risk management
• Bachelor of Commerce in Actuarial Science from University of Stellenbosch, South Africa
• Qualified Actuary and Fellow of the Actuarial Society of South Africa

Resolution 2: Executive Remuneration Revision

Shareholders also approved the revised remuneration package for Mr. Ketankumar Shah, Fund Manager-PMS and Senior Management Personnel, with identical voting support:

Regulatory Compliance and Scrutinizer Report

Suhas S. Ganpule, Practicing Company Secretary and Proprietor of SG Associates, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed the fair and transparent conduct of the voting process, with votes being unlocked at 5:04 P.M. on December 23, 2025, in the presence of two independent witnesses.

The company has informed BSE Limited about the postal ballot proceedings and submitted detailed voting results as required under Regulation 44(3) of the SEBI Listing Regulations. Managing Director & CEO Kartik Jain (DIN: 09800492) signed the regulatory filing confirming the successful completion of the postal ballot process.

These approved corporate actions strengthen SAMCL's leadership structure and align executive compensation with market standards, reflecting the company's commitment to governance and strategic growth in the asset management sector.