Full Text
REGD. No. D. L.-33004/99
The Gazette of India
C.G-MH-E-23122025-268534
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 769] NEW DELHI, WEDNESDAY, NOVEMBER 26, 2025/ AGRAHAYANA 5, 1947
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
NOTIFICATION
Mumbai, the 4th November, 2025
SUUTI-Gazette/2025-26: The Balance Sheets and Revenue Accounts together with Auditor's Report for
various schemes of Administrator of the Specified Undertaking of the Unit Trust of India for the year ended 31st
March 2025 are published in terms of Section 21(4) of the Unit Trust of India (Transfer of Undertaking and Repeal)
Act, 2002.
INDEPENDENT AUDITOR'S REPORT
To
The Administrator,
Specified Undertaking of Unit Trust of India (SUUTI),
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
OPINION
We have audited the accompanying financial statements of Specified Undertaking of Unit Trust of India
(SUUTI), which comprise the Balance Sheet as at March 31, 2025, the Revenue Account for the year then ended
and notes to the financial statements, including a summary of the significant accounting policies and other
explanatory information.
In our opinion, the aforesaid financial statements give a true and fair view of the state of affairs of SUUTI as at March
31, 2025 and its
revenue account for the year ended on that date in accordance with the Accounting Standards issued by the Institute of
Chartered Accountants of India (ICAI).
BASIS FOR OPINION
We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI. Our responsibilities
under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements
section of our report. We are independent of SUUTI in accordance with the Code of Ethics issued by ICAI and we
have fulfilled our other ethical responsibilities in accordance with the Code of Ethics. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
RESPONSIBILITIES OF MANAGEMENT FOR THE FINANCIAL STATEMENTS
Management is responsible for the preparation of these financial statements that give a true and fair view of the
financial position, financial performance of SUUTI in accordance with the accounting principles generally accepted in
India, including the Accounting standards applicable to Non Corporate entities issued by Institute of Chartered
Accountants of India. This responsibility also includes maintenance of adequate accounting records in accordance
with the provisions of The Unit Trust of India (Transfer of Undertaking and Repeal) Act 2002 ("the Act") for
safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent;
and design, implementation and maintenance of adequate internal financial controls, that were operating effectively
for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of
the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or
error.
The Management is responsible in preparing the financial statements on a going concern basis. In preparing the
financial statements, Management is responsible for assessing the SUUTI's ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the
Management either intends to liquidate SUUTI or to cease operations, or has no realistic alternative but to do so.
The Management is also responsible for overseeing SUUTI's financial reporting process.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
1. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
2. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional
skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
entity's internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management.
• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the SUUTI's ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may
cause the SUUTI to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying transactions and events in a manner that achieves
fair presentation.
• We communicate with those charged with governance regarding,the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our
audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence, and to communicate with them all relationships and other matters that may
reasonably be thought to bear on our independence, and where applicable, related safeguards.
REPORT ON OTHER MATTERS
We further report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purpose of our audit;
b) In our opinion proper books of accounts as required by the Act, have been kept so far as it appears from our
examination of those books;
c) The balance sheet, the revenue account dealt with by this report are in agreement with the books of account;
and
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards applicable to non-
corporate entities issued by the Institute of Chartered Accountants of India.
For Chandabhoy & Jassoobhoy
Chartered Accountants
Firm Registration No. 101647W
Dhwani Gala
Partner
Membership No. F 139690
UDIN: 25139690BMMJSW8754
Mumbai
Date 22nd August, 2025
SPECIFIED UNDERTAKING OF UNIT TRUST OF INDIA
SIGNIFICANT ACCOUNTING POLICIES
A. Income Recognition:
I. Dividend income is recognized on the following basis:
a. In respect of listed equity shares, dividend income is accrued on the “ex-dividend" date.
b. In respect of unlisted equity shares, dividend income is accrued on date of declaration.
c. In respect of preference shares, dividend income is accrued on the date of receipt.
II. Interest on debenture and other fixed income investments is recognized as income on accrual basis.
III. Profit or loss on sale of investments is recognized on the trade dates on the basis of weighted average cost.
IV. Unit Scheme 1964 Bonds, which owns the fixed assets, recovers service charges on mutually agreed basis
approved by the Board of Advisors, from UTI AMC Ltd. for the usage of the said assets.
B. Unit Premium Reserve:
In respect of US64, where units are repurchased at a premium over the face value under the special package
announced by Government of India, the premium is charged to Unit Premium Reserve. Wherever US 64 units
are repurchased under the net asset value (NAV) related prices, the discount is credited to unit premium reserve.
C. Expenses:
These are accounted for on accrual basis.
D. Investments
i. Investments are stated at cost or written down cost.
ii. Purchase and Sale of Securities in Secondary market are accounted on trade dates.
iii. The cost of investment includes brokerage, service tax, stamp charges and other taxes.
iv. Subscription in primary market is accounted as Investments, upon allotment.
v. Right entitlements are recognized as Investment on "ex-right" dates.
vi. Bonus entitlements are recognized as Investment on "ex-bonus" dates.
vii. Investments in debenture/bonds, loans and deposits are treated and disclosed as current assets from the
redemption/due date.
E. Valuation for Performing Investments
I. Equity and Equity related Securities:
a. Traded Securities
When a security is traded on any stock exchange within a period of 30 days (including the
valuation date) and the aggregate volume of trade during such period is more than 50,000 or if the
trade value is greater than Rs. 5,00,000 the security is treated as traded security. These are valued at
the closing prices on BSE in absence of which closing price of NSE is taken.
b. Non traded/Thinly traded/Unlisted securities
Investments in securities, which have not been traded on any stock exchange/Thinly traded/Unlisted
securities are stated at fair value as detailed below.
Based on the latest available Balance Sheet, net worth shall be calculated as follows:
Share Capital
Plus : Reserves (excluding revaluation reserve)
Less : Miscellaneous expenditure
Less : Intangible Assets (in case of unlisted securities)
Less : P & L Accounts (Debit balance)
The resultant figure is the Net Worth of the Company, which when divided by the number of
shares outstanding gives the net worth per share.
Capitalized earning price will be arrived at by multiplying the earnings per share with the
discounted industry P/E ratio. Average capitalization rate (P/E ratio) for the industry shall be
discounted by 75%. The value as per the net worth value per share and capital earning value
calculated as above shall be averaged and further discounted by 10% for illiquidity so as to arrive at
the fair value. In case of unlisted equity shares the discount factor will be 15% instead of 10%.
In case, the Earnings per share (EPS) is -ve, EPS value for the year shall be taken as zero for
arriving at capitalized earning. In case latest balance sheet is not available within 6 months from the
close of the year, the shares of such companies shall be valued to zero. If the net worth of the
company is -ve the shares would be marked down to zero.
II. Debentures, bonds, term loans and transferable notes – Debt Securities:
a. Traded Securities:
Investment in debentures and bonds are valued at the closing market rate as on the date of valuation
and in its absence, at the latest quote available during a period of fifteen days prior to the valuation
date provided there is an individual trade in that security in marketable lot (presently Rs. 5 Crore) on
the Principal Stock Exchange or any other Stock Exchange.
b. Non-traded/Thinly traded securities:
Investment in non traded/thinly traded securities is valued as under :
i) Rated Debt Securities:
Debt securities with residual maturity of greater than 60 days:
Investment in securities with residual maturity period of greater than 60 days are valued at
the average of prices provided by CRISIL and ICRA.
Debt securities with residual maturity of up to 60 days:
Investment in debt securities with residual maturity of up to 60 days are valued as on the
valuation date on the basis of amortization.
Debt security with put/call options:
Securities with call options are valued at the worst (lowest) of the call and securities with
put options are valued at best (highest) of the put. Securities with both put and call options
on the day are deemed to mature on the put/call day and are valued accordingly.
Fully / Partly / Optionally Fully Convertible Debentures:
i. Convertible portion of debentures, where the terms of conversion are available, is
valued as equity at the closing market price or fair value applicable for, traded and
thinly/non traded equity respectively less a discount of 10% towards liquidity.
ii. Non Convertible portion of Convertible debentures and the entire amount of
convertible debentures where the terms of conversion are not available, are valued
as per the norms applicable for non-convertible debentures as per para E(II)
ii) Unrated / Non Investment grade Debt Securities:
Investments in unrated/non investment grade debt securities are valued at a discount of 25
percent to face value while deep discount bonds are valued at a discount of 25 percent to
carrying cost.
III. Unquoted warrants:
Unquoted warrants are valued at the market rate of the underlying equity shares discounted for dividend
element, if any, and reduced by the exercise price payable. In cases where the exercise price payable is
higher than the value so derived, the value of warrants is taken as nil and where the exercise price is not
available or the underlying equity is non traded/unlisted, such warrants are valued at cost.
IV. Rights entitlements:
Rights entitlements for the shares are valued at the market price of the share, reduced by the exercise price
payable, further discounted for dividend element, whenever applicable.
V. Money Market Instruments:
Investments in Money Market Instruments are valued at cost plus accrued interest up to the valuation date.
VI. Unquoted / thinly traded Preference shares"
i. In the absence of rating for Preference share, the ratings available for the debt instruments of a
company is used for valuation.
ii. 'Unrated' and 'Below investment grade', preference shares are valued at a discount of 25% to
the face value.
iii. The cumulative convertible preference shares are valued as per the norms applicable for
valuation of fully convertible debentures. If the details of conversion are not available, they are
considered as ordinary preference shares and are valued accordingly.
iv. In case, dividend on preference is not received within 90 days, a discount of 15% is applied in
the valuation. If the arrears continue for more than 1 year, the discount applied is 20%/
v. If the redemption value is not received within 90 days, 100% provision of the redemption
receivable is made. If the redemption is in parts and proceeds are not received within 90 days,
in addition to the provision for redemption receivable, the discount as given above is applied on
the balance.
vi. If there exists provision against a preference share and any other asset issued by the company is
NPA such preference shares are valued at zero.
VII. Mutual Fund Units:
Mutual Fund Units listed and traded are valued at the closing traded price as on the valuation date. Unlisted
MF Units and listed but not traded MF Units are valued at the Net Asset Value (NAV) as on the valuation
date.
VIII. Corporate Action:
Corporate actions such as merger, demerger are referred to the Valuation Committee to discover the prices of
such securities.
F. Depreciation and Provision:
I. Depreciation in the value of investments:
The value of investments as computed in accordance with norms above is compared to the cost of such
investments and the resultant depreciation in the value of all securities, if any, is fully provided in the books.
However, considering the prudent accounting policy, the appreciation in the value of securities is not
considered as income in the books of accounts.
II. Provisions for non performing asset: (NPA)
i. Provision is made in respect of outstanding interest income of the period prior to the date on
which asset is classified as non-performing (NPA). An "asset" is classified as non-performing,
if the interest and/or principal amount have not been received or remained outstanding for one
quarter, i.e. 90 days or more from the day such income/installment has fallen due. The interest
and investment provision is made from the date the asset is classified as NPA.
ii. Provision for NPA is charged to Revenue Account
iii. Provision made as above is written back on receipt of dues, in phased manner.
iv. Provision is made in respect of dividend, where it remains outstanding for more than 120 days
from the ex-dividend date.
G. Inter scheme transactions (ISTs):
Traded equity shares :ISTs of traded securities are effected at the intra-day (spot price) as on the IST date and
in its absence, at the latest closing market price available during the last 30 days.
H. Custodian:
Stock Holding Corporation of India (SHCIL) provides custodial services and their fees are accounted for on
accrual basis.
I. Fixed Assets:
i. Fixed Assets are stated at historical cost less accumulated depreciation, except in respect of land,
buildings, premises and building improvements which are stated at revalued cost less accumulated
depreciation. In the event of revaluation, the resultant surplus on revaluation is shown as revaluation
reserve. Depreciation on the appreciated amount on account of revaluation is charged to Revaluation
Reserve.
ii. Depreciation is provided on the written down value method at the under mentioned rates except on those
assets held for less than six months in the accounting year, where depreciation is provided at half the said
rates:-
Building and ownership premises 5%
Furniture and Fixtures 10%
Office equipments, Building Improvements,
Software, computers & Motor Vehicles 33.33%
iii. Leasehold land and premises are amortised equally over the period of lease.
Building improvements in leased premises are depreciated at 33.33% in case the lease period exceeds
eight years. However, in case the lease period does not exceed eight years, the same is amortised over
the period of lease and in case the lease is not renewed within the period of eight years, the balance
unamortised amount is charged in the last year of lease.
iv. Fixed assets, which are installed and put to use, pending final settlement of liabilities are stated on an
estimated basis. On final settlement depreciation is adjusted, from the date the asset is put to us.
v. On sale of Fixed Assets, the profit/loss arrived at after reducing the written down value of cost and
appreciation of fixed asset on revaluation has been accounted in the Revenue account. The balance
outstanding in revaluation reserve for assets sold has been transferred to General Reserve.
J. Reserve Funds:
In accordance with the provisions of Section 25 B (1) of the erstwhile Unit Trust of India Act, 1963, the two
Funds namely Asset Reconstruction Fund and Staff Welfare Fund, established through contribution from the
Development Reserve Fund, though belonging to the SUUTI, are accounted under the Unit Scheme 1964
Bonds as a matter of administrative convenience.
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
BALANCE SHEET AS AT 31ST MARCH, 2025
Rupees in Crores
+--------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME 64 | ARS BONDS | SUUTI |
| | BONDS | | |
| | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 |
+==========================+============+============+============+============+============+============+
| CAPITAL.......................................'A' | - | - | - | - | - | - |
| RESERVES AND SURPLUS...................'B' | 657.21 | 1,441.72 | 214.71 | 69.07 | 871.92 | 1,510.79 |
| CURRENTL IABILITIES AND | | | | | | |
| PROVISIONS...'C' | 1,788.28 | 1,217.60 | 213.43 | 464.80 | 2,001.71 | 1,682.40 |
| SIZE OF OTHER FUNDS | 1,180.62 | 1,098.85 | - | - | 1,180.62 | 1,098.85 |
| CURRENT LIABILITIES AND PROVISIONS | | | | | | |
| OF OTHER FUNDS | 656.73 | 532.08 | - | - | 656.73 | 532.08 |
| OTHER FUNDS..................................'D' | 1,837.35 | 1,630.93 | - | - | 1,837.35 | 1,630.93 |
| TOTAL LIABILITIES | 4,282.84 | 4,290.25 | 428.14 | 533.87 | 4,710.98 | 4,824.12 |
+--------------------------+------------+------------+------------+------------+------------+------------+
| ASSETS | | | | | | |
| INVESTMENTS..................................'Ε' | 2,359.05 | 2,363.71 | 401.82 | 515.82 | 2,760.87 | 2,879.54 |
| DEPOSITS.......................................'F' | 4.54 | 206.12 | 13.73 | 7.08 | 18.27 | 213.20 |
| CURRENTASSETS............................'G' | 63.26 | 69.84 | 12.59 | 10.97 | 75.85 | 80.81 |
| FIXED ASSETS...............................'H' | 18.64 | 19.65 | - | - | 18.64 | 19.65 |
| SETS OF OTHER FUNDS....................'T' | 1,837.34 | 1,630.93 | - | - | 1,837.34 | 1,630.93 |
| TOTAL ASSETS | 4,282.84 | 4,290.25 | 428.14 | 533.87 | 4,710.98 | 4,824.12 |
+--------------------------+------------+------------+------------+------------+------------+------------+
NOTES TO ACCOUNTS.......................'M'
Statement of Significant Accounting Policies forms an integral part of the Accounts.
As per our attached report of even date
For and on behalf of
CHANDABHOY & JASSOOBHOY
Chartered Accountants
Firm Registration No.101647W
DHWANI GALA
Partner
ICAI Membership No. F139690
Gururaj Kulkarni
VP- Accounts
Ashwini Rohan Deshmukh
Authorised Signatory to BOP
/Administrator of SUUTI
Sandeep R Rajeshirke
AVP-Secretarial/SUUTI
Mumbai
Dated: 22nd August, 2025
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
REVENUE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2025
Rupees in Crores
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME 64 | ARS BONDS | SUUTI |
| | BONDS | | |
| | CURRENT | PREVIOUS | CURRENT | PREVIOUS | CURRENT | PREVIOUS |
| | YEAR | YEAR | YEAR | YEAR | YEAR | YEAR |
+=======================================+============+============+============+============+============+============+
| INCOME | | | | | | |
| DIVIDEND | 1,214.50 | 1,448.78 | 286.25 | 322.54 | 1,500.75 | 1,771.32 |
| INTEREST | 8.44 | 42.64 | 5.08 | 15.81 | 13.52 | 58.46 |
| PROFIT ON SALE/REDEMPTION OF | | | | | | |
| INVESTMENT | 78.33 | 27.13 | 58.33 | 8.53 | 136.67 | 35.66 |
| OTHER INCOME | 10.63 | 10.91 | 0.01 | - | 10.64 | 10.91 |
| PROVISION FOR DOUBTFUL INVESTMENT | | | | | | |
| DEPOSITS WRITTEN BACK | - | - | 3.33 | 0.01 | 3.33 | 0.01 |
| SUB TOTAL (A) | 1,311.91 | 1,529.46 | 353.01 | 346.89 | 1,664.91 | 1,876.35 |
| LESS:PROVISION FOR DOUBTFUL | | | | | | |
| INCOME | 0.54 | 0.39 | 0.36 | 0.21 | 0.90 | 0.60 |
| LESS:DOUBTFUL INVESTMENT & | | | | | | |
| DEPOSITS WRITTEN OFF | 0.03 | 3.19 | 3.33 | - | 3.37 | 3.19 |
| SUB TOTAL (B) | 0.57 | 3.58 | 3.69 | 0.21 | 4.27 | 3.79 |
| TOTAL (A-B) | 1,311.33 | 1,525.88 | 349.31 | 346.68 | 1,660.65 | 1,872.56 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| EXPENDITURE | | | | | | |
| OFFICE EXPENSES | 5.35 | 7.49 | 0.03 | 0.47 | 5.38 | 7.96 |
| PUBLICITY EXPENSES | 0.02 | 0.02 | 0.00 | 0.00 | 0.03 | 0.02 |
| CUSTODIAL, REGISTRAR & BANK CHGS | 7.30 | 7.28 | 1.78 | 1.75 | 9.08 | 9.03 |
| AUDITORS 'FEES | 0.08 | 0.10 | 0.02 | 0.02 | 0.10 | 0.12 |
| AMC FEES | - | 5.01 | - | 1.25 | - | 6.26 |
| DEPRECIATION ON FIXED ASSETS | 0.39 | 0.43 | - | - | 0.39 | 0.43 |
| SUB TOTAL (A) | 13.15 | 20.33 | 1.83 | 3.50 | 14.99 | 23.83 |
| ADD:LOSS ON SALE/REDEMPTION OF | | | | | | |
| INVESTMENT OTHER THAN IST | - | - | - | - | - | - |
| SUB TOTAL (B) | - | - | - | - | - | - |
| TOTAL (A)+(B) | 13.15 | 20.33 | 1.83 | 3.50 | 14.99 | 23.83 |
| EXCESS OF INCOME OVER | | | | | | |
| EXPENDITURE | 1,298.18 | 1,505.55 | 347.48 | 343.18 | 1,645.66 | 1,848.73 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
A ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
REVENUE APPROPRIATION ACCOUNTS FOR THE YEAR ENDED
31STMARCH, 2025
Rupees in Crores
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| REVENUE APPROPRIATION | UNIT SCHEME 64 | ARS BONDS | SUUTI |
| ACCOUNT | BONDS | | |
| | CURREN | PREVIOUS | CURRENT | PREVIOUS | CURRENT | PREVIOS |
| | T YEAR | YEAR | YEAR | YEAR | YEAR | YEAR |
+=======================================+============+============+============+============+============+============+
| EXCESS OF INCOME OVER | | | | | | |
| EXPENDITURE | 1298.18 | 1505.55 | 347.48 | 343.18 | 1645.66 | 1848.73 |
| LESS:PREMIUMON MATURITY- | | | | | | |
| REDEMPTION | (0.00) | (0.00) | - | - | (0.00) | (0.00) |
| TOTAL | 1,298.18 | 1,505.55 | 347.48 | 343.18 | 1,645.66 | 1,848.73 |
| BALANCE TRANSFER RED TO GENERAL | | | | | | |
| RESERVE | 1,298.18 | 1,505.55 | 347.48 | 343.18 | 1,645.66 | 1,848.73 |
| TOTAL | 1,298.18 | 1,505.55 | 347.48 | 343.18 | 1,645.66 | 1,848.73 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
Statement of Significant Accounting Policies forms an integral part of the Accounts.
As per our attached report of even date
For and on behalf of
CHANDABHOY & JASSOOBHOY
Chartered Accountants
Firm Registration No.101647W
DHWANI GALA
Partner
ICAI Membership No. F139690
Gururaj Kulkarni
VP- Accounts
Ashwini Rohan Deshmukh
Authorised Signatory to BOP
/Administrator of SUUTI
Sandeep R Rajeshirke
AVP-Secretarial/SUUTI
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31STMARCH, 2025
Rupees in Crores
+----------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME 64 | ARS BONDS | SUUTI |
| | BONDS | | |
| | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 |
+============================+============+============+============+============+============+============+
| SCHEDULE'A' | | | | | | |
| CAPITAL | | | | | | |
| BOND CAPITAL | - | - | - | - | - | - |
| TOTAL | - | - | - | - | - | - |
| SCHEDULE'B' | | | | | | |
| RESERVES AND | | | | | | |
| SURPLUS | | | | | | |
| UNIT PREMIUM | | | | | | |
| RESERVE | | | | | | |
| BALANCE AS PER THE | | | | | | |
| LAST BALANCE | (2,794.64) | (2,794.64) | - | - | (2,794.64) | (2,794.64) |
| SHEET(UPR) | | | | | | |
| PREMIUM | | | | | | |
| COLLECTED/(PAID)DURI | | | | | | |
| NG THE YEAR(NET) | - | - | - | - | - | - |
| TOTAL | (2,794.64) | (2,794.64) | - | - | (2,794.64) | (2,794.64) |
| FIXED ASSETS | | | | | | |
| REVALUATION | | | | | | |
| RESERVE | | | | | | |
| BALANCE AS PER LAST | | | | | | |
| B.SHEET | 12.24 | 12.88 | - | - | 12.24 | 12.88 |
| (REVALUATION | | | | | | |
| RESERVE) | | | | | | |
| LESS:TRANSFERRED TO | | | | | | |
| DEPRECIATION ON | 0.61 | 0.64 | - | - | 0.61 | 0.64 |
| FIXED ASSETS | | | | | | |
| LESS: TRANSFERRED TO | | | | | | |
| GENERAL RESERVE | - | - | - | - | - | - |
| TOTAL | 11.63 | 12.24 | - | - | 11.63 | 12.24 |
+----------------------------+------------+------------+------------+------------+------------+------------+
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT
TRUST OF INDIA
SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH, 2025
Rupees in Crores
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME 64 | ARS | SUUTI |
| | BONDS | BONDS | |
| | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 |
+=======================================+============+============+============+============+============+============+
| SCHEDULE 'B' (Contd.) | | | | | | |
| GENERAL RESERVE | | | | | | |
| GENERAL RESERVE ON UNIT CAPITAL | | | | | | |
| BALANCE AS PER LAST BALANCE SHEET. | 4,224.11 | 4,118.89 | 69.07 | 135.90 | 4,293.19 | 4,254.78 |
| TRANSFERRED FROM REVENUE | 1,298.18 | 1,505.55 | 347.48 | 343.18 | 1,645.66 | 1,848.73 |
| APPROPRIATION ACCOUNT | - | - | - | - | - | - |
| TRANSFERRED FROM FIXED ASSET | | | | | | |
| REVALUATION RESERVE | - | - | - | - | - | - |
| REMITTANCE TO GOI | (2,082.08) | (1,400.33) | (201.85) | (410.00) | (2,283.92) | (1,810.33) |
| SUB TOTAL (a) | 3,440.22 | 4,224.11 | 214.71 | 69.07 | 3,654.92 | 4,293.19 |
| GRAND TOTAL | 657.21 | 1,441.72 | 214.71 | 69.07 | 871.92 | 1,510.79 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
SCHEDULE 'C'
CURRENT LIABILITIES AND PROVISIONS
CURRENT LIABILITIES
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| SUNDRY CREDITORS | 57.59 | 47.26 | 0.04 | 0.04 | 57.63 | 47.30 |
| APPLICATION MONEY PENDING | - | - | 0.20 | 0.20 | 0.20 | 0.20 |
| INTER SCHEME DUES | 569.00 | - | (240.00) | - | 329.00 | - |
| UNCLAIMED INCOME/INTEREST | | | | | | |
| DISTRIBUTION | 718.15 | 727.34 | 417.62 | 426.01 | 1,135.77 | 1,153.36 |
| TOTAL (A) | 1,344.74 | 774.60 | 177.86 | 426.26 | 1,522.60 | 1,200.86 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
PROVISIONS
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| PROVISION FOR DOUBTFUL INCOME | 6.40 | 5.86 | 3.77 | 3.41 | 10.17 | 9.27 |
| PROVISION FOR DOUBTFUL INVESTMENTS, | | | | | | |
| SUNDRYDEBTORS & DEPOSITS | 424.95 | 424.94 | 31.25 | 34.59 | 456.20 | 459.52 |
| PROVISION FOR RECEIVABLES | 12.21 | 12.21 | 0.54 | 0.54 | 12.75 | 12.75 |
| TOTAL (B) | 443.55 | 443.00 | 35.57 | 38.54 | 479.12 | 481.54 |
| TOTAL (A)+(B) | 1,788.28 | 1,217.60 | 213.43 | 464.80 | 2,001.72 | 1,682.40 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT
TRUST OF INDIA
SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS FOR
THE YEAR ENDED 31STMARCH, 2025 (CONTD.)
Rupees in Crores
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME | ARS | SUUTI |
| | 64 BONDS | BONDS | |
| | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 |
+=======================================+============+============+============+============+============+============+
| SCHEDULE 'D' | | | | | | |
| OTHER FUNDS | | | | | | |
| (A)STAFF WELFARE FUND (SWF) | | | | | | |
| BALANCE AS PER LAST BALANCE SHEET | 624.33 | 582.07 | - | - | 624.33 | 582.07 |
| INCOME/INTEREST RECEIVED DURING THE | | | | | | |
| YEAR | 39.31 | 42.36 | - | - | 39.31 | 42.36 |
| LESS: UTILISATION OF FUND | 0.00 | 0.10 | - | - | 0.00 | 0.10 |
| SIZE OF THE FUND-SUB TOTAL (a) | 663.64 | 624.33 | - | - | 663.64 | 624.33 |
| CURRENT LIABILITIES & PROVISIONS | | | | | | |
| SUNDRY CREDITORS | - | - | - | - | - | - |
| SUB TOTAL (b) | - | - | - | - | - | - |
| TOTAL'A'=(a+b) | 663.64 | 624.33 | - | - | 663.64 | 624.33 |
| (B)ASSETS OF ASSET RECONSTRUCTION FUND| | | | | | |
| (ARF) | | | | | | |
| BALANCE AS PER LAST BALANCE SHEET | 474.52 | 444.64 | - | - | 474.52 | 444.64 |
| INCOME/INTEREST RECEIVED DURING THE | | | | | | |
| YEAR | 80.30 | 30.79 | - | - | 80.30 | 30.79 |
| LESS:UTILISATION OF FUND | 0.50 | 0.91 | - | - | 0.50 | 0.91 |
| REMITTANCE TO GOI | (37.34) | - | - | - | (37.34) | - |
| SIZE OF THE FUND-SUBTOTAL (a) | 516.98 | 474.52 | - | - | 516.98 | 474.52 |
| CURRENT LIABILITIES & PROVISIONS | | | | | | |
| SUNDRY CREDITORS | 211.85 | 87.19 | - | - | 211.85 | 87.19 |
| PROVISION FOR DOUBTFUL INCOME | 35.00 | 35.00 | - | - | 35.00 | 35.00 |
| PROVISION FOR DOUBTFUL INVESTMENTS & | | | | | | |
| DEPOSITS | 409.89 | 409.89 | - | - | 409.89 | 409.89 |
| SUBTOTAL (b) | 656.73 | 532.08 | - | - | 656.73 | 532.08 |
| TOTAL 'B'=(a+b) | 1,173.71 | 1,006.60 | - | - | 1,173.71 | 1,006.60 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| SIZE OF OTHER FUNDS-TOTAL I | 1,180.62 | 1,098.85 | - | - | 1,180.62 | 1,098.85 |
| CURRENT LIAB. & PROVN. OF OTHER | | | | | | |
| FUNDS-TOTALII | 656.73 | 532.08 | - | - | 656.73 | 532.08 |
| OTHER FUNDS TOTAL (A+B) | 1,837.35 | 1,630.93 | - | - | 1,837.35 | 1,630.93 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT
TRUST OF INDIA
SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH,2025 (CONTD.)
Rupees in Crores
+----------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME 64 | ARS BONDS | SUUTI |
| | BOND | | |
| | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 |
+============================+============+============+============+============+============+============+
| SCHEDULE 'E' | | | | | | |
| INVESTMENTS | | | | | | |
| DEBENTURES AND BONDS | 0.00 | 0.00 | - | - | 0.00 | 0.00 |
| PREFERENCE SHARES | 4.87 | 4.87 | 2.00 | 2.00 | 6.87 | 6.87 |
| EQUITY SHARES | 2,146.26 | 2,147.30 | 398.05 | 401.38 | 2,544.30 | 2,548.68 |
| MUTUAL FUND UNITS | 207.93 | 211.55 | 1.77 | 112.44 | 209.70 | 323.99 |
| TOTAL | 2,359.05 | 2,363.71 | 401.82 | 515.82 | 2,760.87 | 2,879.54 |
| QUOTED (AT COST) | 1,713.58 | 1,714.61 | 374.80 | 374.80 | 2,088.38 | 2,089.40 |
| UNQUOTED (AT COST) | 645.47 | 649.11 | 27.02 | 141.03 | 672.49 | 790.13 |
| 'A' | 2,359.05 | 2,363.71 | 401.82 | 515.82 | 2,760.87 | 2,879.54 |
| QUOTED (MARKET VALUE) | 33,452.57 | 33,317.02 | 8,781.66 | 8,763.63 | 42,234.23 | 42,080.65 |
| UNQUOTED (AT VALUATION) | 2,665.36 | 2,306.00 | 2.46 | 158.21 | 2,667.82 | 2,464.21 |
| 'B' | 36,117.93 | 35,623.02 | 8,784.12 | 8,921.84 | 44,902.05 | 44,544.86 |
| APPRECIATION/(DEPRECIATION) IN | | | | | | |
| VALUE OF INVESTMENT | - | - | - | - | - | - |
| TOTAL('B'-'A') | 33,758.88 | 33,259.31 | 8,382.30 | 8,406.02 | 42,141.18 | 41,665.33 |
+----------------------------+------------+------------+------------+------------+------------+------------+
SCHEDULE 'F'
DEPOSITS
+----------------------------+------------+------------+------------+------------+------------+------------+
| OTHER DEPOSITS/DEPOSITS WITH | | | | | | |
| BANKS | 4.54 | 206.12 | 13.73 | 7.08 | 18.27 | 213.20 |
| TOTAL | 4.54 | 206.12 | 13.73 | 7.08 | 18.27 | 213.20 |
+----------------------------+------------+------------+------------+------------+------------+------------+
SCHEDULE 'G'
CURRENT ASSETS
+----------------------------+------------+------------+------------+------------+------------+------------+
| BALANCE WITH BANKS IN CURRENT| | | | | | |
| ACCOUNTS | 3.66 | 0.73 | 0.13 | 0.16 | 3.80 | 0.89 |
| SUNDRY DEBTORS | 51.53 | 51.74 | 6.76 | 6.76 | 58.29 | 58.50 |
| OUTSTANDING AND ACCRUED | | | | | | |
| INCOME | 6.95 | 16.25 | 5.69 | 4.04 | 12.64 | 20.29 |
| ADVANCES, DEPOSITS ETC | 1.12 | 1.12 | - | - | 1.12 | 1.12 |
| TOTAL | 63.26 | 69.84 | 12.59 | 10.97 | 75.85 | 80.81 |
+----------------------------+------------+------------+------------+------------+------------+------------+
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
SCHEDULE ANNEXED TO AND FORMING PART OF THE ACCOUNTS FOR THE
YEAR ENDED 31March, 2025 (CONTD.....)
SCHEDULE "H"
FIXED ASSETS
(RUPEES IN CRORES)
+----------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+
| | GROSS BLOCK AT COST | DEPRECIATION | NET BLOCK |
+----------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+
| | AS ON | ADDITIONS | DEDUCTIONS/| TOTAL | AS ON | DEDUCTIO | DEP. ON | DEPRE ON | TOTAL | TOTAL | AS ON | AS ON |
| | 31ST | ADJUSTMENTS| ADJUSTMENTS| AS ON | 31ST | NS/ADJU | COST | REVALUED | DEPRE | AS ON | 31ST | 31ST |
| | MARCH, | | | MARCH | MARCH | STMENTS | FOR | RESERVE | | 3/31/2025 | MARCH, | MARCH, |
| | 2024 | | | 2025 | 2024 | | 01-04- | (01-04- | 01-04- | | 2025 | 2024 |
| | | | | | | | 2024 | 2024 to | 2024TO | | | |
| | | | | | | | to | 31-03- | 31-03- | | | |
| | | | | | | | 31-03- | 2025) | 2025 | | | |
| | | | | | | | 2025 | | | | | |
+----------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+
| Land (Free | 0.24 | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 | 0.24 |
| hold) | | | | | | | | | | | | |
| BUILDING S | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Ownership | 76.15 | 0.00 | 0.00 | 76.15 | 56.87 | 0.00 | 0.35 | 0.61 | 0.96 | 57.83 | 18.32 | 19.28 |
| Premises | | | | | | | | | | | | |
| Office | 0.81 | 0.00 | 0.00 | 0.81 | 0.69 | 0.00 | 0.04 | 0.00 | 0.04 | 0.73 | 0.08 | 0.12 |
| Equipments | | | | | | | | | | | | |
| Computers | 0.05 | 0.00 | 0.00 | 0.05 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.01 | 0.01 |
| GRAND TOTAL | 77.24 | 0.00 | 0.00 | 77.24 | 57.60 | 0.00 | 0.39 | 0.61 | 1.01 | 58.60 | 18.64 | 19.65 |
+----------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+------------+
ADMINISTRATOR OF THE SPECIFIED UNDERTAKING OF THE UNIT TRUST OF INDIA
SCHEDULES ANNEXED TO AND FORMING PART OF THE ACCOUNTS FOR THE
YEAR ENDED 31ST MARCH, 2025 (CONTD.)
Rupees In Crores
+---------------------------------------+------------+------------+------------+------------+------------+------------+
| | UNIT SCHEME 64BONDS | ARS BONDS | SUUTI |
| | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 | 31.03.2025 | 31.03.2024 |
+=======================================+============+============+============+============+============+============+
| SCHEDULE 'I' | | | | | | |
| ASSETS OF OTHER FUNDS | | | | | | |
| (A) ASSETS OF STAFF WELFARE FUND (SWF)| | | | | | |
| MUTUAL FUND UNITS | 166.27 | 14.88 | - | - | 166.27 | 14.88 |
| OTHER DEPOSITS/DEPOSITS WITH BANKS | 385.20 | 580.23 | - | - | 385.20 | 580.23 |
| INVESTMENT AT COST SUB TOTAL(a) | 551.47 | 595.11 | - | - | 551.47 | 595.11 |
| CURRENTASSETS | | | | | | |
| INTER SCHEME DUES | 66.00 | - | - | - | 66.00 | - |
| OUTSTANDING AND ACCRUED INCOME | 46.16 | 29.22 | - | - | 46.16 | 29.22 |
| SUB TOTAL (b) | 112.16 | 29.22 | - | - | 112.16 | 29.22 |
| TOTAL A=(a+b) | 663.63 | 624.33 | - | - | 663.63 | 624.33 |
| (B)ASSETS OF ASSET RECONSTRUCTION FUND| | | | | | |
| (ARF) | | | | | | |
| EQUITY SHARES | 0.04 | 0.04 | - | - | 0.04 | 0.04 |
| MUTUAL FUND UNITS | 128.16 | 180.00 | - | - | 128.16 | 180.00 |
| OTHER DEPOSITS/DEPOSITS WITH BANKS | 301.53 | 363.41 | - | - | 301.53 | 363.41 |
| INVESTMENT AT COST SUB TOTAL(a) | 429.73 | 543.45 | - | - | 429.73 | 543.45 |
| CURRENTASSETS | | | | | | |
| OUTSTANDING AND ACCRUED INCOME | 71.13 | 53.30 | - | - | 71.13 | 53.30 |
| INTER SCHEME DUES | 263.00 | - | - | - | 263.00 | - |
| SUNDRY DEBTORS | 409.85 | 409.85 | - | - | 409.85 | 409.85 |
| SUB TOTAL (b) | 743.98 | 463.15 | - | - | 743.98 | 463.15 |
| TOTAL B=(a+b) | 1,173.71 | 1,006.60 | - | - | 1,173.71 | 1,006.60 |
| ASSETS OF OTHER FUNDS TOTAL (A+B) | 1,837.34 | 1,630.93 | - | - | 1,837.34 | 1,630.93 |
+---------------------------------------+------------+------------+------------+------------+------------+------------+
SCHEDULE "M"
NOTES FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2025
1. The Unit Trust of India Act, 1963 has been repealed by Government of India viz. "The Unit Trust of India
(Transfer of Undertaking and Repeal) Act, 2002". In exercise of the powers conferred under the Repeal Act, the
Central Government vide its notification dated 15th January 2003 had notified 1st February 2003 as the
"Appointed day" for the purpose of transfer and vesting the undertaking of the erstwhile UTI into two entities viz
Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Fund. These financial statements are
drawn up for SUUTI, pursuant to the said Repeal Act
2. The reconciliation of our Books of Accounts with the custodian (SHCIL) has revealed the following differences: -
+-----+-------------------+-----------------+----------------------------------------------------------------------+
| Sr. | Asset class | Difference (Rs. | Reason |
| No. | | In crores) | |
+=====+===================+=================+======================================================================+
| 1. | Equity Shares | 6.77 (cost) | Sale effected in books but shares not released as buyer's demat |
| | | | accounts are blocked/NCLT order pending |
+-----+-------------------+-----------------+----------------------------------------------------------------------+
| 2. | Preference Shares | 0.05 (cost) | Companies are not responding/are under liquidation |
+-----+-------------------+-----------------+----------------------------------------------------------------------+
| 3. | Debentures and | 188.91 (Face | +-----------------------------------+---------+ |
| | Bonds | Value) | | Details | Amount | |
| | | | +-----------------------------------+---------+ |
| | | | | Legal action taken for recovery of dues | 77.50 | |
| | | | +-----------------------------------+---------+ |
| | | | | Confirmation/letter evidencing servicing of | 0.65 | |
| | | | | dues from Company available | | |
| | | | +-----------------------------------+---------+ |
| | | | | Security not issued subsequent to restructuring | 76.12 | |
| | | | +-----------------------------------+---------+ |
| | | | | Sick/Liquidated companies | 34.64 | |
| | | | +-----------------------------------+---------+ |
+-----+-------------------+-----------------+----------------------------------------------------------------------+
All the above investments comprising of Debentures and Preference Shares are NPAs and are fully provided in
books. All the Equity shares which are not available in custody are also fully provided in books
3. Investments include:
i) Unsecured advances and loans extended from time to time as provided under sub section (3) of section 19 of the
erstwhile UTI Act 1963;
ii) Equities and debts where the certificates are yet to be issued by the companies;
iii) Debt exposure in respect of which security creation is in process.
4. Following is the company where SUUTI has substantial holding.
+-------------------------------------------+-------------------+
| Name of the Company | % holding of SUUTI|
+===========================================+===================+
| UTI Infrastructure Technology and Services Ltd. | 100% |
+-------------------------------------------+-------------------+
5. The work relating to management and maintenance of property belonging to SUUTI and related matters has been
outsourced to UTI Infrastructure Technology and Services Limited (Company). The company has entered into
formal agreement with SUUTI on 21.05.2025 relating to the scope of work and related service, which is valid up
to 31st March, 2025.
a. The regularization of documents of Commercial and residential properties situated at Nagpur, Nashik
have been completed. The property with clear documentation was put to sale but there was no response to
the tender. The other issues such as renewal of lease of Nazul Land, NOC for sale etc. are being handled
by the dealing Advocate.
b. The work relating to sale/documentation/legal cases for properties situated at Rajkot, Bhopal, Ghatkopar,
Maker Kundan Garden, Bandra Reclamation Mumbai, Banjara Hills Hyderabad under the
ownership/possession of SUUTI is a continuous process and is being carried out.
c. SUUTI has given the flats at Maker Kundan Garden and Bandra Reclamation – Mumbai on Leave and
License to various Organizations. Formal agreement has been entered with EXIM, LIC, UTI RSL and
UTI AMC."
6. Contingent liability not provided for cases pending with Consumer Forum amounts to Rs. 0.39 crore (Previous
year Rs. 1.66 crore).
7. The previous year figures are regrouped/reclassified wherever necessary.
For and on behalf of
Gururaj Kulkarni
VP-Accounts
Ashwini Rohan Deshmukh
Authorized Signatory to BOP
/Administrator of SUUTI
Sandeep R Rajeshirke
AVP-Secretarial, SUUTI
Chandabhoy & Jassoobhoy
Chartered Accountants
Firm Registration No: 101647W
Dhwani Gala
Partner
Membership No: F139690
MUMBAI
DATED : 22nd August, 2025
SANDEEP R RAJESHIRKE, AVP-Secretarial, SUUTI
[ADVT.-III/4/Exty./505/2025-26]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054. GORAKHA NATH
YADAVA
Digitally signed by GORAKHA
NATH YADAVA
Date: 2025.12.23 12:53:38 +05'30'