UTI AMC Appoints Narayan Subramaniam Ayypankav as Additional Independent Director
UTI AMC appointed Mr. Narayan Subramaniam Ayypankav as an Additional Director (Non-Executive Independent Category) effective July 31, 2026. He brings over 30 years of experience from Kotak Mahindra Group across banking, capital markets, and asset management.
The appointment of an additional director is a standard corporate governance procedure and is unlikely to have a significant immediate impact on the company's operations or financial performance.
The appointment of a new director is a routine corporate governance event and does not inherently have a positive or negative financial impact on the company.
UTI Asset Management Company Limited (UTIAMC) announced the appointment of Mr. Narayan Subramaniam Ayypankav as an Additional Director (Non-Executive Independent Category) on its Board. The approval was granted through a circular resolution passed on 31st July, 2026, at 10:51 AM IST.
Mr. Ayypankav's appointment is effective from 31st July, 2026, and he will hold the position until the date of the next general meeting of the Company or for three months, whichever is earlier, subject to shareholder approval. He is not liable to retire by rotation.
Mr. Ayypankav brings over three decades of experience in the finance and financial services sector, primarily with the Kotak Mahindra Group. His expertise spans banking, capital markets, broking, treasury, commercial lending, and asset management. He has held senior leadership and board roles across various Kotak Group entities, including serving as Managing Director & CEO of Kotak Securities and Group President – Commercial Banking and Treasury at Kotak Mahindra Bank. He also served as an Advisor to Kotak Mahindra Bank until May 2024.
He is not related to any other Director of UTI AMC and is not debarred from holding the office of Director by any authority.
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UTI Asset Management Company Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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