UTIAMC: Ms. P. V. Bharathi to become new Chairperson from July 29
UTI Asset Management Company Limited announced that Mr. Deepak Kumar Chatterjee will cease to be Non-Executive Independent Director and Chairperson on July 28, 2026. Ms. P. V. Bharathi has been selected as the new Chairperson, effective July 29, 2026.
A change in the Chairperson of the Board can have a medium-term impact on the company's strategic direction and governance, although the announcement itself does not provide details on future strategy.
The announcement concerns a routine change in leadership and does not contain any information that would positively or negatively impact the company's performance or outlook.
UTI Asset Management Company Limited announced a change in its board composition and the selection of its next Chairperson. Mr. Deepak Kumar Chatterjee will conclude his term as Non-Executive Independent Director on July 28, 2026. Consequently, he will cease to hold his positions as Chairperson of the Board and as a member of the Risk Management Committee, Stakeholders Relationship Committee, Unitholder Protection Committee, and FINCON Governance Committee.
The Board of Directors, in a meeting held on July 22, 2026, appointed Ms. P. V. Bharathi, a Non-Executive Independent Director, as the new Chairperson. This appointment will be effective from July 29, 2026. The company expressed its gratitude for Mr. Chatterjee's valuable contributions and guidance during his tenure.
Ms. Bharathi brings extensive experience, with 37 years in banking, including roles in international operations and as Chief Risk Officer. She previously served as MD & CEO of Corporation Bank. The Board meeting commenced at 1400 hrs IST and concluded at 1745 hrs IST on July 22, 2026.
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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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by UTI Asset Management Company Limited. Read the original for the full detail.