Open-Market Buyback Closed After Deploying 99.86% of Rs. 44.50 Crore Limit

Tips Music has closed its open-market share buyback with effect from close of trading on September 30, 2026.

Wed 30 Sep 2026

Shares bought back

6,71,946 equity shares

Average buyback price

INR 661.30 per share

Amount deployed

INR 44,43,58,966.85

Percentage of max size deployed

99.86% of INR 44,50,00,000

Total shares post-buyback

12,71,59,644 (from 12,78,31,590)

What was announced

Tips Music Limited has informed the exchanges that its buyback of equity shares of face value INR 1 each from the open market through the stock exchange mechanism has been closed with effect from the close of trading hours on September 30, 2026, which was the last day of the Buyback Period. The Buyback Committee approved the closure on that date, prior to the expiry of sixty six working days from the Commencement Date of September 9, 2026.

How the buyback was approved

• Board approval on August 05, 2026.
• Shareholders' special resolution at the 30th Annual General Meeting held on August 31, 2026, results announced September 2, 2026.
• Public announcement dated September 3, 2026, with a corrigendum dated September 8, 2026.

The numbers

• Maximum Buyback Size: INR 44,50,00,000 (excluding brokerage, fees, turnover charges, taxes, stamp duty and related expenses).
• Maximum Buyback Price: INR 750 per equity share.
• Equity shares bought back: 6,71,946.
• Average buyback price: INR 661.30 per equity share.
• Amount deployed: INR 44,43,58,966.85, being 99.86% of the Maximum Buyback Size.

Effect on share capital

Total equity shares move from 12,78,31,590 pre-buyback to 12,71,59,644 post-buyback, assuming extinguishment of all shares bought back. The Company states it is in the process of extinguishing the balance 3,47,246 equity shares out of the aggregate 6,71,946 shares bought back.

Shareholding pattern

• Promoter and Promoter Group along with Persons in Control: 8,20,09,554 shares both pre and post buyback; their percentage moves from 64.15% to 64.49% purely because the total share count shrinks.
• Pre-buyback: Foreign Investors 8.75%, Indian Financial Institutions/Banks/Mutual Funds/Govt. Companies 5.58%, Public including other Bodies Corporate 21.51%.
• Post-buyback these non-promoter categories together hold 4,51,50,090 shares, or 35.51%.

What happens next

A post-buyback public advertisement will be released under the SEBI (Buy-Back of Securities) Regulations, 2018, carrying the final number of shares bought back, the average price and other details.

How investors may read it

A buyback uses the company's own cash to purchase shares from the open market, which are then extinguished. Utilising 99.86% of the approved size indicates the programme was executed close to its full sanctioned amount. Promoters did not participate, as the buyback was from shareholders other than promoters, promoter group members and persons in control. A smaller share count means each remaining share represents a slightly larger proportion of the company.

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