UTI Asset Management has announced the implementation of a Voluntary Retirement Scheme (VRS) for eligible employees. The Board of Directors approved the scheme on September 23, 2025. The scheme will be launched effective October 1, 2025. The financial impact will be ascertained upon the closure of the scheme.
Voluntary Retirement Scheme Announced
UTI Asset Management has announced the implementation of a Voluntary Retirement Scheme (VRS). The Board of Directors approved the Voluntary Retirement Scheme (VRS) for eligible employees of the Company during a meeting held on September 23, 2025.
Scheme Details and Effective Date
The Voluntary Retirement Scheme will be launched with effect from October 1, 2025. The announcement states that the financial impact resulting from the VRS will be determined and disclosed following the scheme’s closure. The board meeting, where the scheme was approved, commenced at 1800 hrs IST and concluded at 1900 hrs IST.
Source: BSE
