NSEClosure of Buy Back30 Sept 2026 · 30 Sept 2026, 05:43 pm
Closure of Buy Back
Tips Music Limited · TIPSMUSIC
✦ AI SummaryBuyback
Tips Music Limited has informed the Exchange regarding Closure of Buy Back with effect from September 30, 2026. The company has bought back 6,71,946 Equity Shares at an average price of INR 661.30 per Equity Share, representing 99.86% of the Maximum Buyback Size.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Tips Music Limited has informed the Exchange regarding Closure of Buy Back with effect from September 30, 2026
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Date: September 30, 2026
The Listing Department The Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no. C/1,
Dalal Street, Fort, G Block, Bandra – Kurla Complex, Bandra (East),
Mumbai- 400001 Mumbai - 400 051
Scrip Code: 532375 Symbol: TIPSMUSIC
Dear Sir / Madam,
Subject: Buyback of equity shares of face value of INR 1/- each (“Equity Shares”) by Tips Music
Limited (the “Company”) from the open market through stock exchanges (“Buyback”) – Intimation
for closure of the Buyback
This is in furtherance to, (i) our letter dated August 5, 2026 informing the outcome of the meeting of the
Board of Directors of the Company, approving the Buyback; (ii) our letter dated September 4, 2026
regarding submission of shareholders resolution, approving the Buyback and (iii) our letter dated
September 4, 2026 regarding submission of the public announcement dated September 3, 2026 read with
letter dated September 9, 2026 regarding corrigendum to the public announcement dated September 8, 2026
for the Buyback (“Public Announcement”).
Pursuant to the resolution passed by the Board on August 05, 2026, and the approval of its shareholders by
way of a special resolution passed at the 30th Annual General Meeting held on August 31, 2026, the results
of which were announced on September 2, 2026, the Company was authorised to buyback its Equity Shares
from the open market through stock exchange mechanism, for an aggregate amount not exceeding INR
44,50,00,000/- (Rupees Forty Four Crores Fifty Lakhs Only), excluding the brokerage, costs, fees, turnover
charges, taxes such as securities transaction tax, goods and service tax (if any) and income tax, stamp duty
and other incidental and related expenses ("Maximum Buyback Size"), and at a price not exceeding INR
750/- (Rupees Seven Hundred and Fifty Only) per Equity Share (“Maximum Buyback Price”). The
Company commenced the Buyback on September 9, 2026 (“Commencement Date”) from its shareholders
(other than those who are promoters, members of the promoter group or persons in control of the Company),
from the open market through stock exchange mechanism, in accordance with the Securities and Exchange
Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”).
In this regard, please be informed that, as on September 30, 2026 (being the last of Buyback Period), the
Company has bought back 6,71,946 Equity Shares at an average price of INR 661.30 (Rupees Six Hundred
Sixty One and Thirty Paisa Only) per Equity Share. Accordingly, the Company has deployed INR
44,43,58,966.85 (Rupees Forty Four Crores Forty Three Lakhs Fifty Eight Thousand Nine Hundred Sixty
Six and Eighty Five Paisa only), which represents 99.86% of the Maximum Buyback Size. Consequently,
today, the Buyback Committee has approved the closure of the Buyback pursuant to the terms of the Public
Announcement, with effect from, close of trading hours of September 30, 2026, prior to the expiry of sixty
six working days from the Commencement Date.
TIPS MUSIC LIMITED
601, Durga Chambers, 6th Floor, Linking Road, Khar (West), Mumbai 400 052.
Tel.: +91- 22-6643 1188, Email: info@tips.in, Website: www.tips.in
CIN.: L92120MH1996PLC099359
Post closure of the Buyback, the post-Buyback public advertisement will be released in accordance with
the provisions of the Buyback Regulations. For final number of Equity Shares bought back pursuant to the
Buyback, average price at which such Equity Shares were bought back and other details relating to the
Buyback, please refer to the post-Buyback public advertisement that shall be published in compliance with
the Buyback Regulations.
This is for your information and records and be treated as compliance under Regulation 30 read with Part
A of Schedule III, and other applicable provisions of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements), Regulations, 2015, as amended. For details of the pre and post
Buy-back shareholding pattern of the Company, please refer Annexure - A.
You are requested to take note of the same.
For Tips Music Limited
Bijal R. Patel
Company Secretary
Encl.: As above
TIPS MUSIC LIMITED
601, Durga Chambers, 6th Floor, Linking Road, Khar (West), Mumbai 400 052.
Tel.: +91- 22-6643 1188, Email: info@tips.in, Website: www.tips.in
CIN.: L92120MH1996PLC099359
Annexure A
Shareholding pattern of the Company, as on August 28, 2026 (“Pre Buyback”) and post the completion of
the Buyback as on September 30, 2026, is as shown below:
Category Pre-Buyback Post Buyback*
(As on September 30, 2026)
No. of Equity % of Equity No. of Equity % of Equity
Shares Shares Shares Shares
Promoter and Promoter Group along 8,20,09,554 64.15 8,20,09,554 64.49
with the Persons in Control
Foreign Investors 1,11,81,556 8.75
(OCBs/FIIs/NRIs/Non-residents/Non-
domestic companies)
Indian Financial Institutions/ 71,38,317 5.58 4,51,50,090 35.51
Banks/Mutual Funds/Govt. Companies
Public including other Bodies 2,75,02,163 21.51
Corporate
Total 12,78,31,590 100.00 12,71,59,644 100.00
*The Company is in the process of extinguishing the balance 3,47,246 Equity Shares, out of the aggregate
of 6,71,946 Equity Shares bought back. The post-Buyback shareholding pattern is provided assuming
extinguishment of all Equity Shares bought back by the Company
TIPS MUSIC LIMITED
601, Durga Chambers, 6th Floor, Linking Road, Khar (West), Mumbai 400 052.
Tel.: +91- 22-6643 1188, Email: info@tips.in, Website: www.tips.in
CIN.: L92120MH1996PLC099359