UTI Asset Management Company Ltd

UTI Asset Management Company Ltd has received an Income Tax Penalty Order from the Assessment Unit Income Tax Department for ₹3,31,66,997/-. The penalty is related to an order under section 270A of the Income Tax Act, 1961, for the Assessment Year 2020-21, consequent to disallowance of certain items during FY 2019-20 assessment. The company stated that it does not foresee any material impact on its operations and plans to file an appeal against the order within the prescribed timelines. The intimation is in compliance with SEBI (LODR) Regulations, 2015.

UTI Asset Management Company Ltd has announced the closure of its trading window for designated persons and their immediate relatives. The trading window will be closed from October 1, 2026, to October 25, 2026, inclusive. This closure is in anticipation of a Board meeting scheduled for October 23, 2026, which will consider and approve the un-audited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. The company confirmed compliance with SEBI (PIT) Regulations, 2015, by freezing PANs and updating the designated depository.

UTI Asset Management Company Ltd has announced that its Board of Directors will convene a meeting on Friday, October 23, 2026. The primary purpose of this meeting is to consider and approve the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. In addition to the financial results, the Board will also discuss other general and business matters. This intimation is made in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the details are also available on the company's official website.

HDFC Mutual Fund, through its various schemes managed by HDFC Asset Management Company Limited, has increased its aggregate holding in UTI Asset Management Company Ltd. As of September 1, 2026, the total holding stands at 5.28% of the paid-up equity share capital. This disclosure is made in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition was made through open market purchases, with the fund manager acquiring an additional 0.39% stake, bringing their total to 5.28% from a previous 4.89%.

Nippon India Mutual Fund, through Nippon Life India Trustee Limited, has disclosed the sale of 4,99,917 equity shares, representing 0.3889% of the total share capital, in UTI Asset Management Company Limited. The sale occurred through open market transactions between July 03, 2023, and September 01, 2026. Following the sale, Nippon India Mutual Fund's holding in UTI AMC has reduced from 3.5596% to 3.1706%. The total equity share capital of UTI AMC remains unchanged at Rs. 1,28,53,90,280/-.

UTI Asset Management Company Ltd has announced the re-constitution of its Board level Committees, effective August 7, 2026. The changes impact the Risk Management Committee, Stakeholders Relationship Committee, Unitholder Protection Committee, and FINCON Governance Committee. The re-constitution involves changes in the Chairperson and Member positions across these committees, with several directors taking on new roles or continuing their service in different capacities. This move is in line with SEBI Listing Regulations and relevant circulars.

UTI Asset Management Company Ltd announced the appointment of Mr. Narayan Subramaniam Ayypankav as an Additional Director (Non-Executive Independent Category) to its Board. The appointment, approved via circular resolution on July 31, 2026, is effective from the same date and will last for three years, until July 30, 2029, subject to shareholder approval. Mr. Ayypankav brings over three decades of experience in finance and financial services, notably from the Kotak Mahindra Group, where he held various senior leadership and board roles. He is not related to any existing Director and is not debarred from holding a directorship.

UTI Asset Management Company Ltd announced a change in its Board composition and the selection of its next Chairperson. Mr. Deepak Kumar Chatterjee will complete his term as Non-Executive Independent Director and Chairperson on July 28, 2026. The Board has appointed Ms. P. V. Bharathi, currently a Non-Executive Independent Director, as the new Chairperson, effective July 29, 2026. Ms. Bharathi brings extensive banking experience, including roles as Executive Director and Chief Risk Officer, and previously as MD & CEO of Corporation Bank. The company acknowledged Mr. Chatterjee's valuable contributions.

UTI Asset Management Company Ltd announced a change in its Board composition. Mr. Deepak Kumar Chatterjee will conclude his term as Non-Executive Independent Director and Chairperson of the Board on July 28, 2026. The Board acknowledged his valuable contributions during his tenure. Subsequently, Ms. P. V. Bharathi, currently a Non-Executive Independent Director, has been selected to assume the role of Chairperson, effective July 29, 2026. Ms. Bharathi brings 37 years of professional banking experience, having served in various capacities including Executive Director at Canara Bank and MD & CEO of Corporation Bank, where she successfully led the bank out of Prompt Corrective Action.

UTI Asset Management Company Ltd announced that its Board of Directors, following a recommendation from the Audit Committee, has approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were presented during a board meeting held on July 22, 2026. A limited review report from the statutory auditor, B S R & Co. LLP, was also submitted. The financial results are accessible on the company's website.