Post Buyback Public Announcement: 6,71,946 shares bought back for Rs. 44,43,58,966.85

Open market buyback is complete.

Thu 1 Oct 2026

Total shares bought back

6,71,946 equity shares

Total amount utilised

INR 44,43,58,966.85

Average price per share

INR 661.30

Paid-up capital reduction

From INR 12,78,31,590 to INR 12,71,59,644

Promoter group holding increase

From 64.15% to 64.49%

What was shared

Tips Music Limited submitted the post buyback public advertisement dated September 30, 2026, published on October 01, 2026 in Financial Express, Jansatta and Mumbai Lakshadeep. It reports the final outcome of the buyback of equity shares of face value INR 1 each from the open market through stock exchanges.

How it ran

• Board approved the buyback on August 05, 2026; shareholders approved by special resolution at the AGM on August 31, 2026.
• The buyback opened on September 02, 2026 and closed on September 29, 2026.
• Maximum buyback size was INR 44,43,58,966.85 (excluding transaction costs) and the maximum buyback price was Rs. 750 per share.

What was actually bought

• Total shares bought back: 6,71,946 Equity Shares.
• Total amount utilised: INR 44,43,58,966.85, which is about 99.86% of the maximum buyback size (excluding transaction costs).
• Highest price paid: INR 674.00; lowest price paid: INR 646.00; average price: INR 661.30 per share.
• Shares were bought through the company's broker and the amounts are based on contract notes issued by ITI Securities Broking Limited.

Extinguishment of shares

Shares bought back up to September 18, 2026 — 3,47,246 equity shares — were extinguished on September 19, 2026. The balance 3,24,700 equity shares are in the process of being extinguished, expected to be completed by October 12, 2026.

Capital before and after

• Issued, subscribed and paid-up capital: from INR 12,78,31,590 (12,78,31,590 shares of INR 1 each) to INR 12,71,59,644 (12,71,59,644 shares of INR 1 each).
• Authorised share capital stays at INR 20,00,00,000.

Shareholding pattern

• Promoter and promoter group: 8,20,09,554 shares, moving from 64.15% to 64.49% of the reduced capital.
• Foreign investors (FIIs/FPIs/NRIs/non-residents): 1,11,81,556 shares, 8.75% pre-buyback.
• Indian financial institutions, banks and mutual funds and government companies: 71,38,317 shares, 5.58% pre-buyback.
• Public and other bodies corporate: 2,75,02,163 shares, 21.51% pre-buyback.

What it means for a shareholder

A buyback reduces the number of shares outstanding, so each remaining share represents a slightly larger slice of the company. Promoter percentage holding rises here without the promoters buying any additional shares — their share count is unchanged at 8,20,09,554. Cash of INR 44,43,58,966.85 has left the company to pay for the shares. Inga Ventures Private Limited acted as Merchant Banker to the buyback.

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