UTI AMC has announced a significant leadership transition and updated its list of Key Managerial Personnel (KMP) authorized to determine materiality under regulatory requirements. The disclosure was made pursuant to Regulation 30(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

The company has announced that Mr. Intaiyazur Rahman will complete his tenure as Managing Director & Chief Executive Officer on January 31, 2026. Mr. Vetri Subramaniam will take charge as Managing Director & Chief Executive Officer effective February 1, 2026.

Updated Key Managerial Personnel Authorization

Following the leadership change, UTI Asset Management Company Limited has revised the list of KMPs authorized to determine materiality of events or information effective February 1, 2026:

Regulatory Compliance

The Board of Directors has authorized these Key Managerial Personnel to determine the materiality of events or information for disclosure purposes to stock exchanges under Regulation 30 of SEBI Listing Regulations. This authorization is in accordance with the company's Policy for Determination of Materiality.

The updated information has been made available on the company's website at www.utimf.com in compliance with Regulation 46 of the SEBI Listing Regulations. The disclosure ensures transparency and maintains regulatory compliance during the leadership transition period.

UTI AMC announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with strong revenue growth offset by exceptional charges. The asset management company's Board of Directors approved the results at a meeting held on January 21, 2026.

Financial Performance Overview

The company's standalone financial performance for Q3FY26 demonstrated robust operational growth despite facing significant one-time expenses. Revenue from operations increased substantially, driven by improved performance across multiple income streams.

Revenue Composition and Growth Drivers

The company's revenue streams showed varied performance during the quarter. Sale of services, which forms the largest component, grew to ₹322.27 crore from ₹306.59 crore in Q3FY25. Net gain on fair value changes surged dramatically to ₹88.74 crore compared to ₹10.35 crore in the previous year quarter.

Exceptional Items Impact

The quarter's results were significantly affected by exceptional items totaling ₹108.49 crore. The company introduced a Voluntary Retirement Scheme during the quarter ended September 30, 2025, with applications accepted until October 31, 2025. During Q3FY26, 184 employees opted for VRS, resulting in a provision of ₹84.64 crore. Additional costs included gratuity expenses of ₹2.89 crore for early settlement and pension liability of ₹16.75 crore.

Furthermore, the implementation of New Labour Codes effective November 21, 2025, led to an incremental gratuity liability of ₹4.21 crore due to revised wage definitions under the new regulations.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong operational performance. Total revenue from operations reached ₹1,250.23 crore compared to ₹1,132.33 crore in the corresponding period of FY25, representing a growth of 10.41%. Net profit for the nine-month period stood at ₹506.03 crore, slightly lower than ₹529.50 crore in the previous year.

Earnings Per Share and Capital Structure

Basic earnings per share for Q3FY26 was ₹9.64 compared to ₹11.17 in Q3FY25. For the nine-month period, basic EPS stood at ₹39.49 versus ₹41.56 in the previous year. The company allotted 2,81,133 equity shares during the quarter and 5,40,132 equity shares during the nine-month period pursuant to stock option exercises.

Consolidated Results

On a consolidated basis, the company reported net profit attributable to owners of ₹120.97 crore for Q3FY26 compared to ₹150.69 crore in Q3FY25. Consolidated revenue from operations increased to ₹517.13 crore from ₹417.58 crore, showing growth of 23.83%. The consolidated results include performance of subsidiaries including UTI International Limited, UTI Pension Fund Limited, and other group entities.