TIPS MUSIC LIMITED’s Board of Directors has approved a proposal to buy back up to 5,93,333 fully paid-up equity shares. The buyback will be conducted through the open market route, with an aggregate amount not exceeding ₹44.50 crore. The maximum buyback price is set at ₹750 per share. This initiative aims to return capital to shareholders and optimize the company’s capital structure.
Board Approves Significant Share Buyback Program
TIPS MUSIC LIMITED announced on August 5, 2026, that its Board of Directors has approved a substantial share buyback program. The company plans to repurchase up to 5,93,333 fully paid-up equity shares of face value INR 1 each. This decision was made during the Board meeting held on the same day.
Buyback Details and Financials
The aggregate amount for the buyback is capped at ₹44,50,00,000 (Rupees Forty-Four Crore Fifty Lakhs), referred to as the “Maximum Buyback Size”. This figure represents 14.87% of the company’s total paid-up share capital and free reserves as of June 30, 2026, which is within the 15% regulatory limit. The buyback price will not exceed ₹750 per Equity Share (the “Maximum Buyback Price”). The buyback will be executed via the open market route through the stock exchanges where TIPS MUSIC LIMITED’s shares are listed.
The company will utilize at least 75% of the earmarked amount, totaling ₹33,37,50,000 (Minimum Buyback Size). Based on this minimum size and the maximum price, the company expects to purchase at least 4,45,000 Equity Shares.
Exclusions and Approvals
The buyback is specifically intended for equity shareholders other than promoters, the promoter group, and persons in control of the Company, in line with SEBI Buyback Regulations. A Buyback Committee has been formed and delegated the necessary powers to oversee the process. The buyback is subject to the approval of the company’s members through a special resolution and all other applicable statutory and regulatory approvals.
Financial Statements and Meeting Summary
The Board also adopted audited special purpose interim condensed financial statements for the quarter ended June 30, 2026, along with the Audit Report, in connection with the proposed buyback. The Board meeting commenced at 12:00 PM (IST) and concluded at 1:15 PM (IST).
Shareholding Pattern
As of June 30, 2026, the pre-buyback shareholding pattern indicates that the Promoter and Promoter Group held 64.15% of the total equity shares, amounting to 8,20,09,554 shares. The public shareholders held the remaining 35.85%, comprising 4,58,22,036 shares. The total number of equity shares outstanding was 12,78,31,590.
Source: BSE
