UTI AMC Announces Resignation of Non-Executive Nominee Director Flemming Madsen
UTI Asset Management Company Limited (UTIAMC) has announced the resignation of Mr. Flemming Madsen from his position as Non-Executive Nominee Director. His resignation is effective from the close of b...
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Why is UTI Asset Management Company Limited in the news today?
UTI Asset Management Company Limited (UTIAMC) is in the news due to the resignation of a director is a routine corporate event and does not inherently carry a positive or negative financial implication for the company. it is based on the director's personal or professional circumstances.
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UTI AMC Announces Resignation of Non-Executive Nominee Director Flemming Madsen
December 17, 2025, 08:58 AM
UTI Asset Management Company Limited (UTIAMC) has announced the resignation of Mr. Flemming Madsen from his position as Non-Executive Nominee Director. His resignation is effective from the close of business hours on December 31, 2025.
Mr. Madsen's decision to resign stems from the conclusion of his association with T. Rowe Price International Ltd, which also ends on December 31, 2025. He has served as a Non-Executive Nominee Director for nearly 16 years and expressed his appreciation for being part of the company's growth journey and the Indian mutual fund industry.
The company has filed the necessary disclosures with the National Stock Exchange of India Limited and BSE Limited, as required by SEBI regulations. The resignation letter, dated December 16, 2025, provides further details. The disclosure is also available on the company's website.
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