UTI Asset Management Company (AMC) has announced changes to its Board. Mr. Dinesh Kumar Mehrotra and Mr. Narasimhan Seshadri concluded their terms as Non-Executive Independent Directors on November 27, 2025. Mr. Deepak Kumar Chatterjee has been appointed as the new Chairperson, effective November 28, 2025. The Board acknowledged the valuable contributions of the outgoing directors.
Board Restructuring
UTI Asset Management Company Limited (AMC) has announced key changes to its Board of Directors. The changes involve the conclusion of terms for two Non-Executive Independent Directors and the appointment of a new Chairperson.
Directors Stepping Down
Mr. Dinesh Kumar Mehrotra and Mr. Narasimhan Seshadri completed their tenures as Non-Executive Independent Directors on November 27, 2025. Mr. Mehrotra also ceased to be the Chairperson of the Board and Corporate Social Responsibility & ESG Committee, and member of Audit Committee, Nomination and Remuneration Committee, and FINCON Governance Committee. Mr. Seshadri also ceased to be the Chairperson of Nomination and Remuneration Committee and member of Audit Committee, Risk Management Committee, and Unitholder Protection Committee.
New Chairperson Appointed
Effective November 28, 2025, Mr. Deepak Kumar Chatterjee, currently a Non-Executive Independent Director, has been appointed as the Chairperson of the Board. This appointment follows the departure of Mr. Dinesh Kumar Mehrotra.
Committee Composition
Following the board restructuring, there were changes in committee compositions:
Audit Committee
- Mr. Atul Dhawan (Chairperson)
- Ms. Jayashree Vaidhyanathan (Member)
- Ms. P V Bharathi (Member)
- Ms. Linsely Carruth (Member)
Nomination and Remuneration Committee
- Mr. Philip Mathew (Chairperson)
- Ms. Linsely Carruth (Member)
- Mr. Atul Dhawan (Member)
- Ms. Vishakha R M (Member)
Risk Management Committee
- Ms. Jayashree Vaidhyanathan (Chairperson)
- Mr. Deepak Kumar Chatterjee (Member)
- Ms. Linsely Carruth (Member)
- Ms. Vishakha R M (Member)
Corporate Social Responsibility & ESG Committee
- Ms. Vishakha R M (Chairperson)
- Mr. Philip Mathew (Member)
Stakeholders Relationship Committee
- Mr. Santosh Kumar (Chairperson)
- Mr. Deepak Kumar Chatterjee (Member)
- Ms. Jayashree Vaidhyanathan (Member)
- Ms. Vishakha R M (Member)
Unitholder Protection Committee
- Ms. P V Bharathi (Chairperson)
- Mr. Deepak Kumar Chatterjee (Member)
- Ms. Linsely Carruth (Member)
- Mr. Philip Mathew (Member)
- Mr. Imtaiyazur Rahman (Member)
FINCON Governance Committee
- Ms. Linsely Carruth (Chairperson)
- Mr. Deepak Kumar Chatterjee (Member)
- Mr. Atul Dhawan (Member)
- Ms. P V Bharathi (Member)
- Mr. Philip Mathew (Member)
Source: BSE
