UTI Asset Management Company Limited (UTI AMC) has appointed Vetri Subramaniam as its new Managing Director and Chief Executive Officer (CEO) following shareholder approval at the company's 8th Extraordinary General Meeting (EGM) held on September 30, 2025.

Key Decisions

The EGM, conducted via video conferencing, saw the passage of two significant resolutions:

1. Appointment of Vetri Subramaniam (DIN: 11106784) as a Director of the company, not liable to retire by rotation.
2. Approval of Subramaniam's appointment and remuneration as Managing Director & CEO, also not liable to retire by rotation.

Voting Results

Both resolutions were passed with a substantial majority:

Meeting Details

The EGM, chaired by Dinesh Kumar Mehrotra, Non-Executive Chairman and Independent Director, saw participation from 66 members. The meeting commenced at 14:00 hours IST and concluded at 14:22 hours IST.

E-Voting Process

UTI AMC provided remote e-voting facilities through KFin Technologies Limited, allowing shareholders to cast their votes electronically from September 27 to September 29, 2025. Additional e-voting was made available during the EGM for those who hadn't participated in remote voting.

Management Presence

Key management personnel present at the EGM included:

• Imtaiyazur Rahman, outgoing Managing Director & CEO
• Vinay Lakhotia, Chief Financial Officer
• Vetri Subramaniam, MD & CEO-Designate

Several other executives, including heads of various departments, also attended the meeting.

The appointment of Vetri Subramaniam marks a new chapter for UTI AMC, one of India's leading asset management firms. Shareholders have shown strong support for this leadership transition, reflecting confidence in the company's future direction under Subramaniam's guidance.

UTI Asset Management Company Limited (UTI AMC) has announced a significant leadership change, promoting Mr. Vetri Subramaniam from his current role as Chief Investment Officer to the position of Managing Director & Chief Executive Officer (Designate). This internal elevation marks a notable shift in the company's top management structure.

Key Details of the Appointment

• New Role: Managing Director & Chief Executive Officer (Designate)
• Effective Date: Immediate
• Previous Position: Chief Investment Officer

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, UTI AMC has formally disclosed this change in designation to the National Stock Exchange of India Limited and BSE Limited. The company's filing states that Mr. Subramaniam's new designation is effective immediately from the date of announcement.

Company's Statement

UTI AMC clarified in its regulatory filing that this change represents a modification in designation rather than a new appointment. The company stated, "Mr. Vetri Subramaniam currently functioning as Chief Investment Officer has been designated as Managing Director & Chief Executive Officer (Designate) with immediate effect."

Impact and Implications

This promotion suggests a strategic move by UTI AMC to leverage Mr. Subramaniam's experience and expertise in a more expansive leadership role. As he transitions from overseeing investments to potentially leading the entire organization, it may signal a new direction or reinforcement of the company's current strategies.

About UTI Asset Management Company Limited

UTI AMC is a prominent player in India's asset management industry. The company manages a diverse range of investment schemes and provides wealth management services to a wide client base. This leadership change comes at a time when the asset management sector in India is experiencing dynamic growth and increasing competition.

Investors and market watchers will likely keep a close eye on how this leadership transition might influence UTI AMC's future direction and performance in the competitive asset management landscape.