UTI Asset Management Company (AMC) has announced the resignation of Mr. Srivatsa Desikamani as Non-Executive Nominee Director, effective September 16, 2025. T. Rowe Price International Ltd withdrew its nominee. Mr. Desikamani also ceases to be the Chairman of Stakeholders Relationship Committee and member of Risk Management and Unitholder Protection Committees. He confirmed no material reason for his departure.
Director Resignation
UTI Asset Management Company (AMC) announced that Mr. Srivatsa Desikamani has resigned from his position as Non-Executive Nominee Director of the company with effect from September 16, 2025.
Reason for Resignation
The resignation follows the withdrawal of Mr. Desikamani’s nomination by T. Rowe Price International Ltd, according to an email dated September 16, 2025.
Committee Positions
Consequent to his resignation, Mr. Desikamani will also cease to be the Chairman of the Stakeholders Relationship Committee and a member of the Risk Management Committee and Unitholder Protection Committee of the company.
Director Confirmation
Mr. Desikamani has confirmed that there are no material reasons for his resignation from the Board of Directors.
Source: BSE
