UTI AMC Appoints Narayan Ayypankav Independent Director

Nature of change: Appointment of Mr. Narayan Subramaniam Ayypankav (DIN: 00007404) as an Additional Director (Non-Executive Independent Category) of the Company
Effective date: 31st July 2026 at 1051 hrs IST
Tenure: Appointed for a period of 3 (three) consecutive years from 31st July 2026 to 30th July 2029, subject to shareholder approval. Initially holds office up to the date of next general meeting or three months, whichever is earlier
Director status: Not liable to retire by rotation

Brief Profile and Qualifications:

Mr. Narayan S.A. is a seasoned finance and financial services leader with over three decades of experience at the Kotak Mahindra Group
Experience spans banking, capital markets, broking, treasury, commercial lending and asset management
Former member of the Group Management Council of Kotak Mahindra Bank, the apex body overseeing strategy and policies
Held senior leadership and Board roles across Kotak Group entities, providing governance, business oversight and strategic stewardship
Served as Managing Director & CEO of Kotak Securities, building and leading retail broking business to market leadership position
Previously served as Executive Director & COO of Kotak Securities, helping set up foundational business architecture
Served as Group President – Commercial Banking at Kotak Mahindra Bank, overseeing SME advances, Commercial Vehicles, Construction Equipment, Agri & Tractor Finance, Microfinance, and Semi-Urban & Rural Branch Banking
Spearheaded Group's strategic investment in Multi Commodity Exchange of India
Led acquisition of BSS Microfinance expanding Kotak's presence in microfinance
Served as Group President – Treasury, leading treasury operations including ALM, liquidity and investment portfolios
Post retirement, continued as Advisor to Kotak Mahindra Bank until May 2024
Brings strong operating depth, distribution understanding and governance perspective across regulated financial services businesses

Compliance and Eligibility:

The Company has received all statutory disclosures from Mr. Narayan Subramaniam Ayypankav
Mr. Ayypankav is not debarred from holding the office of Director by virtue of order of SEBI or any other authority
Appointment made in compliance with Regulation 30 read with Part A Para A of Schedule III of SEBI Listing Regulations, 2015
Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
Compliance with BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24 dated 20th June, 2018

Approval Process:

Board approved appointment through circular resolution passed on 31st July, 2026 at 1051 hrs IST
Appointment subject to approval of the shareholders of the Company

Disclosure Details:

Ref. No.: UTI/AMC/CS/SE/2026-27/0698
Date: 31st July, 2026
Information available on Company's website at www.utimf.com in compliance with Regulation 46 of SEBI Listing Regulations
Signed by Arvind Bhagwan Das Patkar, Company Secretary and Compliance Officer (Membership No.: ACS 21577)