Tips Music Share Price in Focus; Board Approves ₹44.50 Crore Share Buyback

Tips Music Limited, formerly known as Tips Industries Limited, has received shareholder approval for a buyback of fully paid-up equity shares, as per an exchange filing dated September 4, 2026.  

The proposal was approved at the company’s 30th Annual General Meeting held on August 31, 2026, with voting results declared on September 2, 2026.  

Buyback Price and Size 

The company will buy back shares through the open market route at a price of up to ₹750 per equity share. The maximum amount earmarked for the buyback is ₹44.50 crore, based on the company’s audited special purpose interim condensed financial statements for the quarter ended June 30, 2026.  

Number of Shares 

At the maximum buyback price, Tips Music could purchase up to 5,93,333 equity shares, equivalent to around 0.46% of its paid-up equity share capital as of June 30, 2026.  

If shares are purchased below ₹750, the number of shares bought back could be higher, subject to the ₹44.50 crore limit. The company is required to utilise at least 75% of the maximum buyback size, amounting to ₹33.375 crore. 

At ₹750 per share, this would result in a minimum purchase of 4,45,000 equity shares.  

Open Market Purchase 

The buyback will be carried out through BSE and NSE using the order matching mechanism, excluding the “all or none” system. Only shareholders holding shares in dematerialised form will be eligible to participate. Promoters, the promoter group and persons in control will not participate in the buyback.  

The buyback is proposed to be completed within 66 working days from the date of opening, subject to applicable approvals.  

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Tips Music Share Price Performance  

As of September 4, 2026, at 3:30 pm, Tips Music share price was trading at ₹650.45, down 0.25% from the previous closing price. 

Conclusion 

The buyback has a maximum size of ₹44.50 crore and a maximum price of ₹750 per share. The purchases will be made through the open market on BSE and NSE. 

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