Shriram Asset Management Company has announced a significant leadership change, appointing Vetri Subramaniam as its new Managing Director and Chief Executive Officer, effective February 1, 2026. This strategic move marks a new chapter for one of India's prominent asset management firms.

Leadership Transition

Vetri Subramaniam, who joined UTI AMC in 2017 and rose to the position of Chief Investment Officer in 2021, will succeed the current MD and CEO, Imtaiyazur Rahman. To ensure a smooth transition, Rahman will continue to serve the company as a strategic advisor until June 12, 2026.

Imtaiyazur Rahman's Legacy

Under Rahman's leadership since 2018, UTI AMC has witnessed remarkable growth:

• The company successfully launched its Initial Public Offering (IPO) in 2020.
• Market capitalization tripled to over Rs 18,000.00 crore.
• Assets under management (AUM) saw a sevenfold increase, reaching Rs 21.93 lakh crore in 2025.

Market Performance

The announcement had a minimal impact on UTI AMC's stock performance:

• Shares closed at Rs 1,347.80 on the National Stock Exchange (NSE), down 0.12%.
• Over the past 12 months, the stock has gained 13.46%.

Analyst Outlook

The stock currently has mixed recommendations from analysts:

• The average price target stands at Rs 1,427.06, indicating a potential upside of 5.90%.

This leadership transition comes at a time when UTI AMC has demonstrated strong growth and market presence. As Vetri Subramaniam prepares to take the helm, investors and industry observers will be keenly watching how the company navigates its next phase of growth in India's dynamic asset management landscape.

Shriram Asset Management Company Limited (SAMCL) has initiated a postal ballot process, seeking shareholder approval for several significant changes to its board composition and employee stock option plan (ESOP). The voting period runs from August 20 to September 18, with seven resolutions on the ballot.

Board Composition Changes

The company proposes to amend its Articles of Association to accommodate new shareholder rights for Sanlam Emerging Markets (Mauritius) Limited and Shriram Credit Company Limited. This includes changes to the board composition, with both entities gaining the right to nominate two non-executive directors each.

SAMCL is seeking approval for the appointment of:

• Mr. Pragadasan Shanmugam as a Non-Executive Director, nominated by Sanlam
• Ms. Hakkithimmanahalli Krishna Gayathri as an Independent Director for a five-year term
• Mrs. Roopa Venkatkrishnan as an Independent Director for a five-year term

Executive Reappointment and Remuneration

The ballot includes a resolution to re-appoint Mr. Kartik Jain as Managing Director and CEO for a three-year term from January 2026 to January 2029. His proposed annual remuneration package includes:

• Variable Pay: As recommended by the Nomination and Remuneration Committee
• Additional perquisites and benefits

ESOP Amendments

SAMCL proposes to amend its Employee Stock Option Plan 2022, extending the exercise period for vested options from 5 to 10 years. Additionally, the amendment would allow employees who resign or are terminated without cause to exercise vested options within 6 months of their last working day, instead of only on or before their last day.

Senior Management Remuneration

Shareholders are also asked to approve an annual remuneration of ₹40.00 lakh for Ms. Pratima Talwad, recently designated as Senior Management Personnel in the role of Head Institutional Sales.

Financial Performance

The company reported a loss of ₹16.51 crore, despite its Assets Under Management (AUM) growing by 67% to ₹896.00 crore. This growth led to an increase in management fees from ₹98.16 lakh to ₹1.97 crore.

SAMCL attributes the losses to ongoing expansion and investments in infrastructure and resources to boost future business revenue. The company notes that the asset management industry typically has a long gestation period.

Shareholders registered as of August 14 are eligible to participate in the e-voting process. The results of the postal ballot are expected to be announced by September 19.