Outcome of the Board Meeting

July 22, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400 050 Scrip Code: 532375 Symbol: TIPSMUSIC Dear Sir/Madam, Subject: Outcome of the Board Meeting This is to inform you that at the meeting of the Board of Directors of the Company held today i.e. July 22, 2026, the Board inter alia has: 1. Considered and approved the Unaudited Financial Results along with Limited Review Report for the quarter ended June 30, 2026, which is enclosed herewith. 2. Considered and approved the re-appointment of Grant Thornton Bharat LLP as the Internal Auditor of the Company, for the financial year 2026-27, to conduct audit of the specified areas of the Company. The detailed disclosure pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith. 3. Deferred the proposal for the Buyback of fully paid-up equity shares of the Company. The said proposal will be considered and approved at the meeting of the Board of Directors of the Company which is scheduled to be held on Wednesday, August 5, 2026. Further, the Trading Window for dealing in securities of the Company shall remain closed for Designated Person (as defined in the Code) till 48 hours after conclusion of the Board Meeting to be held on Wednesday, August 5, 2026 for aforesaid matter. The Board Meeting commenced at 1:00 PM and concluded at 1:40 PM. We request you to kindly take the same on your records. Thanking You, For TIPS MUSIC LIMITED (Formerly Known as Tips Industries Limited) Bijal R. Patel Company Secretary The detailed disclosure pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure I. Re-appointment of Grant Thornton Bharat LLP as the Internal Auditor of the Company Name Grant Thornton Bharat LLP Reason for change Re- appointment Date and term of Re-appointment July 22, 2026 Term: For the Financial Year 2026-2027 Brief Profile Grant Thornton Bharat LLP is a firm having wide experience in risk, tax, M&A and other advisory services. TIPS MUSIC LIMITED (Formerly known as TIPS INDUSTRIES LIMITED) Unaudited Statement of Financial Results for the quarter ended June 30, 2026 [INR In Lakhs except for Earning Per Share data] Quarter Ended Year Ended Sr No. Particulars Jun 30, 2026 Mar 31, 2026 Jun 30, 2025 Mar 31, 2026 Unaudited Refer Note 3 Unaudited Audited 1 Income a] Revenue from operations 10,651.22 10,393.30 8,806.84 37,551.49 b] Other Income 582.40 378.17 568.68 1,877.83 Total Income 11,233.62 10,771.47 9,375.52 39,429.32 2 Expenses a] Acquisition Cost/In-house Music Production Cost* 3,994.70 865.06 1,946.03 3,848.40 b] Royalty expenses 121.74 221.41 102.02 585.47 c] Advertisement and sales promotion 343.47 271.83 301.62 1,489.87 d] Employee benefits expense 403.83 817.70 311.20 2,033.16 e] Finance Costs 10.49 4.01 5.96 19.98 f] Depreciation and amortization expense 96.48 61.29 61.90 250.08 g] Other expenses 432.73 525.65 493.75 2,015.07 Total Expenses 5,403.44 2,766.95 3,222.48 10,242.03 3 Profit before tax (1-2) 5,830.18 8,004.52 6,153.04 29,187.29 4 Tax Expenses a] Current tax 1,425.91 2,136.29 1,528.20 7,497.14 b] Current tax for earlier periods - 49.63 - 49.63 c] Deferred tax 34.32 (87.09) 40.96 (34.02) Total Tax Expenses 1,460.23 2,098.83 1,569.16 7,512.75 5 Net Profit for the period (3 - 4) 4,369.95 5,905.69 4,583.88 21,674.54 6 Other Comprehensive Income / (Loss) (net of taxes) a] Items that will not be reclassified to statement of profit and loss 19.55 ( 1.89) ( 15.96) ( 15.30) (net of tax) b] Items that will be reclassified subsequently to the statement of - - - - profit and loss (net of tax) Total Other Comprehensive Income / (Loss) (net of taxes) 19.55 (1.89) (15.96) ( 15.30) 7 Total Comprehensive Income for the period (5 + 6) 4,389.50 5,903.80 4,567.92 21,659.24 8 Paid up Equity Share Capital (Face value of Re. 1/- each, fully paid) 1,278.32 1,278.32 1,278.32 1,278.32 9 Other Equity 24,716.98 10 Earnings Per Share (Face value of Re. 1/- each, fully paid) (Not annualised for interim period) a] Basic (Rs.) 3.42 4.62 3.59 16.96 b] Diluted (Rs.) 3.42 4.62 3.59 16.96 *Includes media content cost and contract manufacturing charges. Notes to the Unaudited Statement of financial results for the quarter ended June 30, 2026: S.No. Particulars 1 TheunauditedfinancialresultsforthequarterendedJune30,2026werereviewedbytheAuditCommitteeandapprovedbytheBoardof DirectorsattheirrespectivemeetingsheldonJuly22,2026.TheStatutoryAuditorsoftheCompanyhavecarriedoutlimitedreviewontheabove resultsintermsofRegulation33oftheSEBI(ListingObligationandDisclosureRequirements)Regulations,2015(‘theRegulation’),asamended and expressed an unmodified conclusion. 2 TheunauditedfinancialresultsoftheCompanyhavebeenpreparedinaccordancewiththerecognitionandmeasurementprincipleslaiddownin theIndianAccountingStandard34'InterimFinancialReporting',prescribedunderSection133oftheCompaniesAct,2013readwithrelevant rules issued thereunder and other recognized accounting principles generally accepted in India and in terms of the regulation. 3 ThefiguresofthequarterendedMarch31,2026arethebalancingfiguresbetweenauditedfiguresinrespectofthefullfinancialyearandthe limited reviewed year to date figures upto the quarters ended December 31, 2025. 4 ThefinancialresultsfortheyearendedMarch31,2026includedimpactofINR96.68LakhsrecordedasEmployeeBenefitExpense,pertainingto impact of New Labour Codes. 5 TheCompanyhasonlyonereportablebusinesssegmentasAudio/VideoProductsintermofInd AS108"OperatingSegments".TheChief OperatingOfficerandChiefFinancialOfficer(chiefoperatingdecisionmakers)monitorstheoperatingresultsatonesinglesegmentforthe purposeofmakingdecisionsaboutresourceallocationandperformanceassessment.Accordingly,therearenoseparatereportablesegmentsas perIndAS108"OperatingSegments"prescribedundersection133oftheCompaniesAct2013readwiththeCompanies(IndianAccounting Standard) Rules, 2015 as amended. 6 TheConsolidatedfinancialstatementsarenotapplicabletotheCompany,sincetheCompanydoesnothavesubsidiary/associate/jointventure company(ies) as on June 30, 2026 or during any corresponding previous periods. 7 The figures for thecorresponding previousperiods havebeen regrouped/reclassified wherever necessary,to makethem comparableand understandable. 8 TheaboveunauditedfinancialresultsoftheCompanyareavailableontheCompany'swebsite(www.tips.in)andstockexchangeswebsites,BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed. Place: Mumbai KUMAR S TAURANI Date: July 22, 2026 Chairman & Managing Director 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 69740200 Independent Auditor’s Review Report on unaudited financial results of Tips Music Limited (Formerly known as Tips Industries Limited) for the quarter pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, as amended. To The Board of Directors of Tips Music Limited (Formerly known as Tips Industries Limited) 1. We have reviewed the accompanying statement of unaudited financial results of Tips Music Limited (Formerly known as Tips Industries Limited) (hereinafter referred to as ‘the Company’) for the quarter ended June, 30 2026 (‘the Statement’) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015,as amended(‘the Regulations’). 2. This Statement, which is the responsibility of the Company’s Management and has been approved by the Com [Showing first 8,000 characters — download PDF for full document]