Annual Report for the financial year 2025-26

August 8, 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 Sub: Annual Report for the financial year 2025-26 Dear Sir/Madam, We wish to inform you that the 30th Annual General Meeting (“AGM”) of the Company will be held on Monday, August 31, 2026 at 12:00 PM (IST) through Video Conferencing (“VC”) / Other Audio- Visual Means (“OAVM”). Pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Notice of the 30th AGM and the Annual Report for the financial year 2025-26, which is being sent only through electronic mode to the members. A copy of the letter containing the web-link and QR code for accessing the Notice of the AGM and the Annual Report 2025-26 which is being sent to all the members who have not registered their email address with Company/ Registrar and Share Transfer Agent/ their Depository Participants. The Notice of 30th AGM and the Annual Report for the financial year 2025-26 can also be accessed/downloaded from the web-link given below: https://website-cms.tips.in/assets/662fc130-10e3-40c4-b6ba-6a214cbecfce.pdf This is for your information and record. Thanking You, For TIPS MUSIC LIMITED (Formerly known as Tips Industries Limited) Bijal R. Patel Company Secretary TIPS MUSIC LIMITED (Formerly known as Tips Industries Limited) ANNUAL REPORT 2025-26 Contents Chairman’s Speech Corporate Information Notice of the Annual General Meeting Directors’ Report and Management Discussion and Analysis Corporate Governance Report Business Responsibility and Sustainability Report Independent Auditor’s Report Financial Statements TIPS MUSIC LIMITED (Formerly known as Tips Industries Limited) Chairman’s Speech Music moves millions, yet free streaming pays fractions; it is time for an artist-centric, subscription driven model that reflects the true worth of genuine artistry over algorithmic volume. ANNUAL REPORT 2025-26 Corporate Overview Statutory Reports Financial Statements Dear Fellow Shareholders, FY2026 was a tough year for the industry but your Company delivered 19.6% revenue growth and slightly over 30% EPS growth. Your Company reported revenues of Rs 394.3 crores and profit after tax of Rs 216.6 crores and returned Rs 166.18 crores to its shareholders through dividends. Despite these large payouts, your Company ended the year with a Cash and cash equivalent balances of Rs 267 crores. We believe, God’s grace combined with our continued focus, hard work and commitment to creating and delivering high quality music will pay very rich dividends in the coming years. The Indian music market has huge potential. Globally music labels earn 50 paise to 90 paise per stream. In India the range is 4 paise to 10 paise. Spotify estimates that the number of paying subscribers in India will rise from about 1.4 crores to 15 crores. The ability and willingness to pay for music is amply demonstrated by the growth of music concerts in India. Post consolidation, all the large platforms including YouTube, are now focused on monetization of music. We believe the ecosystem is now coming together for a sustained growth of subscription revenues. It is likely that India will be amongst the top three music markets in the world by volume as well as value, over the next few years. Our sights are firmly focused on this market and our endeavour is to set new milestones in creating music and rewarding our shareholders. Jai Hind Kumar Taurani Source: Business Standard ANNUAL REPORT 2025-26 TIPS MUSIC LIMITED (Formerly known as Tips Industries Limited) Corporate Information BOARD OF DIRECTORS STATUTORY AUDITORS Mr. Kumar Taurani Chairman & Managing Director MSKA & Associates LLP Mr. Ramesh Taurani Executive Director Mr. Girish Taurani Executive Director INTERNAL AUDITORS Ms. Tara Subramaniam Independent Director Grant Thornton Bharat LLP Mr. Rajan Singh Independent Director Maheshwari & Co. Mr. Chandrashekar Ponnuswamy Independent Director SECRETARIAL AUDITORS CHIEF EXECUTIVE OFFICER N L Bhatia & Associates Mr. Hari Nair (till April 30, 2026) BANKERS CHIEF FINANCIAL OFFICER HDFC Bank Limited Mr. Sushant Dalmia Equitas Small Finance Bank Limited ICICI Bank Limited COMPANY SECRETARY & COMPLIANCE OFFICER IDFC First Bank Limited Ms. Bijal Patel IndusInd Bank Limited Standard Chartered Bank REGISTERED OFFICE YES Bank Limited 601, Durga Chambers, Linking Road, Khar West, Mumbai 400 052 REGISTRAR & SHARE TRANSFER AGENT Contact No.: +91 22 6643 1188 MUFG Intime India Private Limited E-mail ID: info@tips.in C – 101, 247 Park, LBS Marg, Website: https://tips.in Vikhroli West, Mumbai 400 083 CIN: L92120MH1996PLC099359 Contact No.: Tel +91 81081 16767 E-mail ID: investor.helpdesk@in.mpms.mufg.com CORPORATE OFFICE Website: www.in.mpms.mufg.com 2nd Floor, Raheja Chambers, Linking Road, Santacruz West, Mumbai 400 054 ACCOUNTS OFFICE 402, Everest Classic, Linking Road, Khar West, Mumbai 400 052 ANNUAL REPORT 2025-26 Corporate Overview Statutory Reports Financial Statements Notice NOTICE is hereby given that the 30th Annual General Meeting (“AGM”) of being in force), and in terms of Regulation 23 of the Securities the Members of Tips Music Limited (Formerly Known as Tips Industries and Exchange Board of India (Listing Obligations and Disclosure Limited) (the “Company”) will be held on Monday, August 31, 2026, Requirements) Regulations, 2015 (“SEBI Listing Regulations”), at 12:00 PM (IST) through Video Conferencing (“VC”)/ Other Audio as amended from time to time, and in accordance with the Visual Means (“OAVM”) to transact the following business: Company’s Policy on Related Party Transactions, and based on the approval of the Audit Committee and the Board of Directors of the ORDINARY BUSINESS: Company and subject to such consents, approvals, permissions 1. Adoption of Audited Financial Statements of the Company and sanctions as may be necessary from time to time, consent of the Members of the Company be and is hereby accorded to the To receive, consider and adopt the Audited Financial Statements Company to continue with the existing contracts / arrangements of the Company for the financial year ended March 31, 2026, / transactions and/ or to enter into and/or to execute new together with the Reports of the Board of Directors and contracts / arrangements / transactions as fresh and independent Auditors thereon. transaction(s) or otherwise (whether by way of an individual transaction or transactions taken together or series of transactions 2. Confirmation of payment of three interim dividends for the or otherwise), with Tips Films Limited, Group Company, a ‘Related financial year ended March 31, 2026 Party’ as defined under Section 2(76) of the Act and in terms of Regulation 2(1)(zb) of the SEBI Listing Regulations, during the To confirm the payment of the first interim dividend of INR period commencing from the thirtieth Annual General Meeting 4 (400%) per equity share, second interim dividend of INR 4 upto the date of the thirty-first Annual General Meeting of the (400%) per equity share and third interim dividend of INR 5 Company to be held in the financial year 2027-28, as detailed (500%) per equity share, aggregating to INR 13 (1300%) per in the explanatory statement annexed to the Notice convening equity share of face value of INR 1 each, fully paid-up, for the this meeting, on such terms and conditions as may be mutually financial year 2025-26. agreed by and between the Company and Tips Films Limited, for an aggregate value not exceeding INR 60 Crores, provided that 3. Re-appointment of Mr. Ramesh Taurani (DIN: 00010130) as a the said contracts/ arrangements/ transactions shall be carried out Director, liable to retire by rotation at an arm’ [Showing first 8,000 characters — download PDF for full document]