UTI Asset Management Company Limited (UTI AMC) has announced a significant change in its senior management. Indranil Choudhury, who served as the Group President and Group Head of Human Resources, has resigned from his position, marking the end of his tenure with the company.

Resignation Details

According to the company's disclosure under SEBI listing regulations, Indranil Choudhury's departure is effective from the close of business hours on October 31, 2025. The resignation comes after Choudhury's 5 years and 8 months of service with UTI AMC.

Reasons for Departure

In his resignation letter dated July 31, 2025, Choudhury cited personal career aspirations as the primary reason for his decision. He expressed his desire to pursue a career path outside of UTI AMC, highlighting the need for professional growth and new challenges.

Key Points of the Resignation

Impact and Transition

UTI AMC has not provided information on a successor or transition plan. The departure of a key HR executive may have implications for the company's human resource strategies and ongoing initiatives.

Choudhury's Reflections

In his resignation letter, Choudhury reflected positively on his time at UTI AMC, stating:

"Over the last 5 years & 8 months, my journey with UTI has been profoundly enriching and fulfilling, both personally and professionally. I am honored to have had the opportunity to create a progressive work culture embodying the core values of our institution."

He also expressed gratitude for the support and encouragement received from the CEO and other leaders, which he credited for implementing "some of the best in-class practices across the organization."

As UTI AMC navigates this change in senior leadership, stakeholders will be watching closely to see how the company manages the transition and continues to drive its human resource strategies forward.

UTI Asset Management Company Limited (UTI AMC) has announced a significant expansion of its board, appointing five new directors through a circular resolution on October 30, 2025. This move aims to enhance the company's leadership and strategic capabilities across various domains.

Board Appointments

The company has appointed four Additional Directors in the Non-Executive Independent Category and one Additional Director in the Non-Executive Nominee Category. Here's a breakdown of the new appointments:

Terms and Conditions

• The appointments of the four Non-Executive Independent Directors are for a period of three years, from October 30, 2025, to October 29, 2028, and they are not liable to retire by rotation.
• Linsley Carruth's appointment as a Non-Executive Nominee Director is liable to retire by rotation.
• All appointments are subject to shareholder approval.

Professional Backgrounds

The new directors bring a wealth of experience to UTI AMC's board:

• Atul Dhawan: A Chartered Accountant with over four decades of experience in finance and risk management.
• P.V. Bharathi: Brings extensive experience in banking and credit management spanning four decades.
• Philip Mathew: Offers expertise in human resources and business transformation with over two decades of experience.
• Vishakha RM: A Chartered Accountant and Harvard ALI fellow with three decades of experience in marketing and business strategy.
• Linsley Carruth: Currently serves as Director of Investor Relations at T. Rowe Price Group, with over two decades of experience in stockholder engagement and corporate strategy.

These appointments are expected to bring diverse perspectives and strengthen UTI AMC's governance structure. The company's move to expand its board with professionals from various fields indicates its commitment to enhancing its strategic capabilities and corporate governance practices.

Shareholders and market observers will likely watch closely to see how these new appointments influence UTI AMC's future strategies and performance in the asset management industry.