3,24,700 Equity Shares Extinguished Under Ongoing Open-Market Buyback
Tips Music has extinguished 3,24,700 equity shares (face value Re. 1 each) bought back from the open market between September 9 and September 18, 2026.
- Shares Extinguished
- 3,24,700 equity shares
- Face Value
- Re. 1 each
- Extinguishment Date
- September 22, 2026
- Paid-up Capital Before
- 12,78,31,590 shares
- Paid-up Capital After
- 12,75,06,890 shares
What happened
Tips Music is running a buyback of its own shares from the open market through the stock exchanges, announced via a Public Announcement dated September 3, 2026 and a Corrigendum dated September 8, 2026. Shares bought back must be cancelled (extinguished), and this update reports one such batch.
The numbers
- Shares extinguished: 3,24,700 equity shares of face value Re. 1 each
- Bought back during: September 9, 2026 to September 18, 2026
- Extinguished on: September 22, 2026
- Paid-up capital before buyback: 12,78,31,590 shares (Rs. 12,78,31,590)
- Paid-up capital after extinguishment: 12,75,06,890 shares (Rs. 12,75,06,890)
Verification
CDSL confirmed the debit of 324700 securities under ISIN INE716B01029 effective 22-Sep-2026. Secretarial auditors N L Bhatia & Associates certified that the shares bought back have been extinguished, and that the number bought back equals the number extinguished. MUFG Intime India Private Limited is the Registrar to the Buyback.
Why it matters
When shares are extinguished, the total number of shares outstanding falls. A smaller share count means each remaining share represents a slightly larger slice of the company. Here the reduction is small relative to the total base. The buyback is described as ongoing, so further tranches of buying and extinguishment may follow.
Also from Tips Music
Post Buyback Public Announcement: 6,71,946 shares bought back for Rs. 44,43,58,966.85
1 Oct 2026
Post Buyback Public Announcement: 6,71,946 shares bought back for Rs. 44,43,58,966.85
1 Oct 2026
Open-Market Buyback Closed After Deploying 99.86% of Rs. 44.50 Crore Limit
30 Sep 2026
More numbers
- Equity shares extinguished3,24,700
- Face value per shareINR 1
- Paid-up shares prior to buyback12,78,31,590
- Paid-up equity share capital prior to buyback12,78,31,590
- Paid-up shares post extinguishment12,75,06,890
- Paid-up equity share capital post extinguishment12,75,06,890
- Securities debited per CDSL324700
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