UTI AMC Recommends ₹48/Share Final Dividend for FY2025, Sets July 24 as Record Date

UTI Asset Management Company Limited (UTI AMC) has announced that its Board of Directors has recommended a final dividend of ₹48 per equity share for the financial year ended March 31, 2025. This comprehensive dividend comprises a normal dividend of ₹26 per equity share and a special dividend of ₹22 per equity share. The recommendation is subject to the approval of shareholders at the company's upcoming 22nd Annual General Meeting (AGM), scheduled for Thursday, July 31, 2025.

Dividend Details and Approval Process

The recommended final dividend of ₹48 per equity share for FY 2024-25 represents a significant payout to shareholders, equivalent to 480% of the face value of ₹10 per equity share. This includes a normal dividend component of ₹26 per share and a special dividend of ₹22 per share. The declaration of this dividend is contingent upon the approval of the company's members at the 22nd Annual General Meeting. Once approved, the dividend will be paid to eligible shareholders whose names appear in the register of members or list of beneficial owners as of the close of business hours on the record date.

Annual General Meeting and Key Agenda

The 22nd Annual General Meeting of UTI Asset Management Company Limited is scheduled to be held on Thursday, July 31, 2025, at 1600 hrs IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in compliance with the Companies Act, 2013, SEBI Listing Regulations, and relevant circulars from the Ministry of Corporate Affairs and SEBI. The AGM agenda includes several key items for shareholder consideration and approval:

• To receive, consider, and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, along with the directors' report and auditor's report thereon.

• To receive, consider, and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, along with the auditor's report thereon.

• To declare the final dividend on equity shares for the financial year ended March 31, 2025, as recommended by the Board of Directors.

• To re-appoint Mr. Srivatsa Desikamani (DIN: 10193489), who retires by rotation, as a Non-Executive Nominee Director. Mr. Desikamani, representing T. Rowe Price International Ltd, is eligible for re-appointment and has consented to act as a Director.

Shareholder Entitlement and Book Closure

For the purpose of determining the entitlement of the final dividend, the company has set Thursday, July 24, 2025, as the cut-off date for remote e-voting and the record date for dividend eligibility. Shareholders whose names appear in the register of members or the list of beneficial owners as of this date will be entitled to cast their votes electronically and receive the dividend, subject to its approval at the AGM. In accordance with Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI Listing Regulations, the register of members and share transfer books of UTI AMC will remain closed from Friday, July 25, 2025, to Thursday, July 31, 2025, both days inclusive. This book closure period is crucial for finalizing the list of shareholders eligible for the dividend.

Remote E-voting Information

To facilitate shareholder participation, UTI AMC will provide remote e-voting facilities. The remote e-voting period will commence on Monday, July 28, 2025, at 0900 hrs IST and will conclude on Wednesday, July 30, 2025, at 1700 hrs IST. Members whose names are recorded in the register of members or the list of beneficial owners as of the cut-off date, July 24, 2025, will be eligible to cast their votes through electronic means during this period.

Annual Report Availability

The Notice of the 22nd AGM along with the Annual Report of the Company for the financial year 2024-25 has been forwarded to the stock exchanges and is also available on the Company's website at www.utimf.com. The Annual Report will be sent to members through electronic mode only. For members who have not registered their email IDs, a letter providing a web link to access the Annual Report will be sent.