Tips Music MD, chairman, board of directors and AGM
NSE: TIPSMUSICBSE: 532375EntertainmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹723.25.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹9,118 Cr651st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 15 Oct 2026
- 40.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 15 Oct 2026
- 28.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.60%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 15 Oct 2026
- 78.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 15 Oct 2026
- 88.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 15 Oct 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 3,32,08340.9% delivered
Tips Music board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorKumar S Taurani
- Company Secretary and Compliance OfficerBIJAL PATEL
6 directors3 independent3 executive
- Kumar S Taurani · Chairperson and managing directorExecutive · joined May 1996 · reappointed Jun 2025 · 2 listed boards · 4 committee seats
- Ramesh S TauraniExecutive · joined Sep 2005 · reappointed Jun 2025 · 2 listed boards · 1 committee seat
- Girish Kumar TauraniExecutive · joined Feb 2020 · reappointed Jun 2025 · 1 listed board
- Tara SubramaniamIndependent · joined May 2022 · reappointed May 2022 · 52 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 3 as chair
- Rajan SinghIndependent · joined Apr 2024 · reappointed Apr 2024 · 29 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Chandrashekar PonnuswamyIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 5 Aug 20266 of 6 present3 independent · 13 days in between
- 22 Jul 20266 of 6 present3 independent · 89 days in between
- 23 Apr 20266 of 6 present3 independent
Audit Committee
Chair Tara Subramaniam
Rajan Singh, Chandrashekar Ponnuswamy, Kumar S Taurani
- 5 Aug 20264 of 4 present3 independent · 13 days in between
- 22 Jul 20264 of 4 present3 independent · 89 days in between
- 23 Apr 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Tara Subramaniam
Rajan Singh, Chandrashekar Ponnuswamy, Kumar S Taurani
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Rajan Singh
Kumar S Taurani, Ramesh S Taurani, Tara Subramaniam, Chandrashekar Ponnuswamy
No meeting listed in the filing.
Risk Management Committee
Chair Kumar S Taurani
Ramesh S Taurani, Tara Subramaniam, Rajan Singh, Chandrashekar Ponnuswamy
- 22 Jul 20265 of 5 present3 independent
Corporate Social Responsibility Committee
Chair Kumar S Taurani
Tara Subramaniam, Rajan Singh, Chandrashekar Ponnuswamy
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- MSKA & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
- MSKA & AssociatesNamed in filings from Mar 2025 to Jun 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Tips Music AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tips Music dividend history
Annual general meeting, 31 Aug 2026
64,497 shareholders on the register on 24 Aug 2026; present: 11 promoters and 54 others; votes counted by SHIRISH SHETYE / SAV & ASSOCIATES LLP.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.71% · promoters 100.00% · institutions 72.97% · other public 16.36%
- Confirmation the payment of three interim dividends for the financial year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 77.96% · promoters 100.00% · institutions 74.78% · other public 16.36%
- Re-appointment of Mr. Ramesh Taurani (DIN: 00010130), who retires by rotation and being eligible, offers himself for re-appointmentOrdinary98.55% for1.45% against
Against: promoters 0.00% · institutions 11.15% · other public 0.03%
Turnout: all 77.96% · promoters 100.00% · institutions 74.78% · other public 16.36%
- Approval of Material Related Party Transactions with Tips Films LimitedOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 13.80% · promoters 0.00% · institutions 74.78% · other public 16.34%
- Approval of the Buyback of Equity Shares of the CompanySpecial99.60% for0.40% against
Against: promoters 0.00% · institutions 3.08% · other public 0.03%
Turnout: all 77.96% · promoters 100.00% · institutions 74.78% · other public 16.36%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Jul 2025, 8 resolutions
72,553 shareholders on the register on 23 Jul 2025; present: 10 promoters and 46 others; votes counted by SHIRISH SHETYE / SAV & ASSOCIATES LLP.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 76.90% · promoters 100.00% · institutions 85.24% · other public 8.72%
- Confirmation of the payment of three interim dividends for the financial year ended March 31, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.16%
Turnout: all 77.16% · promoters 100.00% · institutions 87.35% · other public 8.72%
- Re-appointment of Mr. Girish Taurani (DIN: 08695775), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary99.68% for0.32% against
Against: promoters 0.00% · institutions 2.25% · other public 0.18%
Turnout: all 77.01% · promoters 100.00% · institutions 86.14% · other public 8.72%
- Approval of Material Related Party Transactions with Tips Films Limited.OrdinaryPromoters have an interest in it88.06% for11.94% against
Against: promoters 0.00% · institutions 14.11% · other public 0.18%
Turnout: all 13.00% · promoters 0.00% · institutions 87.35% · other public 8.69%
- Re-appointment of Mr. Kumar Taurani (DIN: 00555831) as Chairman and Managing Director of the Company, for a period of three years with effect from June 1, 2025 and payment of remuneration.SpecialPromoters have an interest in it97.02% for2.98% against
Against: promoters 0.00% · institutions 20.92% · other public 0.16%
Turnout: all 77.16% · promoters 100.00% · institutions 87.35% · other public 8.72%
- Re-appointment of Mr. Girish Taurani (DIN: 08695775) as Executive Director of the Company, for a period of three years with effect from June 1, 2025 and payment of remuneration.SpecialPromoters have an interest in it99.80% for0.20% against
Against: promoters 0.00% · institutions 1.42% · other public 0.16%
Turnout: all 77.01% · promoters 100.00% · institutions 86.14% · other public 8.72%
- Re-appointment of Mr. Ramesh Taurani (DIN: 00010130) as Executive Director of the Company, for a period of three years with effect from June 1, 2025OrdinaryPromoters have an interest in it97.76% for2.24% against
Against: promoters 0.00% · institutions 15.69% · other public 0.16%
Turnout: all 77.16% · promoters 100.00% · institutions 87.35% · other public 8.72%
- Appointment of M/s. N L Bhatia & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a period of five consecutive financial years, commencing from April 1, 2025.Ordinary97.96% for2.04% against
Against: promoters 0.00% · institutions 14.50% · other public 0.16%
Turnout: all 77.00% · promoters 100.00% · institutions 86.05% · other public 8.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 1 Dec 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Chandrashekar Ponnuswamy (DIN: 07925188) as Non-Executive Independent Director of the Company to hold office for a period of five consecutive years from October 16, 2024.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.04% · other public 0.04%
Turnout: all 76.40% · promoters 100.00% · institutions 92.63% · other public 8.34%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 31 Aug 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)
- Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon3 for0 against
- Confirmation the payment of three interim dividends for the financial year ended March 31, 20263 for0 against
- Re-appointment of Mr. Ramesh Taurani (DIN: 00010130), who retires by rotation and being eligible, offers himself for re-appointment
Against Angel One Mutual Fund
- Angel One Mutual FundHolding 2 full-time positions (one as Managing Director and other as Executive Director) in the Companies that do not share a holding and subsidiary relationship.
2 for1 against - Approval of Material Related Party Transactions with Tips Films Limited3 for0 against
- Approval of the Buyback of Equity Shares of the Company3 for0 against
Mutual fund votes, meeting of 30 Jul 2025, 14 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Audited Financial Statements for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon.14 for0 against
- Confirmation of the payment of three interim dividends for the financial year ended March 31, 2025.13 for0 against
- Re-appointment of Mr. Girish Taurani (DIN: 08695775), who retires by rotation and being eligible, offers himself for re-appointment.14 for0 against
- Approval of Material Related Party Transactions with Tips Films Limited.
Against Angel One Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Significant shift between quantum of previous year Related Party Transactions and proposed limit and no specific justification.
- Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Significant Shift between quantum of previous year RPTs and proposed limit and no specific justification.
9 for5 against - Re-appointment of Mr. Kumar Taurani (DIN: 00555831) as Chairman and Managing Director of the Company, for a period of three years with effect from June 1, 2025 and payment of remuneration.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundHolding two full-time positions in the Companies that do not share holding and subsidiary relationship. Governance concern: Mr. Kumar Taurani holds the combined position of Chairman and Managing Director.
- Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNon-Compliant with Section 203(3) of the Companies Act, 2013: Holding two full-time positions in the Companies that do not share holding and subsidiary relationship. Governance concern: Mr. Kumar Taurani holds the combined position of Chairman and Managing Director.
8 for6 against - Re-appointment of Mr. Girish Taurani (DIN: 08695775) as Executive Director of the Company, for a period of three years with effect from June 1, 2025 and payment of remuneration.14 for0 against
- Re-appointment of Mr. Ramesh Taurani (DIN: 00010130) as Executive Director of the Company, for a period of three years with effect from June 1, 2025
Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundHolding two full-time positions in the Companies that do not share a holding and subsidiary relationship.
- Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNon-Compliant with Section 203(3) of the Companies Act, 2013: Holding two full-time positions in the Companies that do not share a holding and subsidiary relationship.
8 for6 against - Appointment of M/s. N L Bhatia & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a period of five consecutive financial years, commencing from April 1, 2025.
Against Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance concern: Failure to highlight previous non-compliance in the Secretarial Audit Report or Compliance Report.
- Bandhan Mutual Fund, Bank of India Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Failure to highlight previous non-compliance in the Secretarial Audit Report or Compliance Report.
8 for6 against
1 proposal not matched to one resolution
To confirm the payment of the first interim dividend of INR 2 (200%) per equity share, the second interim dividend of INR 2 (200%) per equity share and the third interim dividend of INR 3 (300%) per equity share, aggregating to a total dividend of INR 7 (700%) per equity share of face value of INR 1 each, fully paid-up, for the financial year 2024-25.MoreLess
1 for0 against
5 earlier meetings
Mutual fund votes, meeting of 1 Dec 2024, 9 fund houses
- Appointment of Mr. Chandrashekar Ponnuswamy (DIN: 07925188) as Non-Executive Independent Director of the Company to hold office for a period of five consecutive years from October 16, 2024.9 for0 against
Mutual fund votes, meeting of 26 Jul 2024, 6 fund houses
- 1) Adoption of Audited Financial Statements for the year ended March 31, 2024 and the reports of the Directors and Auditors thereon.1 for0 against
- 2) Confirm interim dividends of Re. 1, Rs. 2 and Rs. 3 per equity share of face value of Re. 1.0 each for FY24.1 for0 against
- 3) Reappoint Kumar S Taurani (DIN:00555831) as Director, liable to retire by rotation.1 for0 against
- 4) Appoint MSKA & Associates, Chartered Accountants as statutory auditors for five years from the 2024 AGM and fix their remuneration.1 for0 against
- 5) Approve material related party transactions of Rs. 400.0 mn with Tips Films Limited from the FY24 AGM till the FY25 AGM or fifteen months, whichever is earlier.1 for0 against
- 6) Appoint Rajan Singh (DIN: 05339297) as Independent Director for five years from 30 April 2024.1 for0 against
- 7) Approve change in name of the company to ‘Tips Music Limited’ and consequent amendment of Memorandum of Association (MoA) and Articles of Association (AoA).1 for0 against
Appointment of M/s. MSKA and Associates, Chartered Accountants, (Firm Registration No. 105047W) as the Statutory Auditors of the Company, in place of retiring Statutory Auditors M/s. SSPA and Associates, Chartered Accountants, (Firm Registration No. 131069W), to hold office for a period of five consecutive years from the conclusion of this 28th Annual General Meeting till the conclusion of the 33rd Annual General Meeting to be held for the financial year ended March 31, 2029, at such remuneration as may be decided by the Board of Directors of the Company in consultation with the Statutory Auditors.MoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merit of proposed Auditor. Non-Compliant with SEBI LODR Regulation: Proposed audit fee to be paid to the auditors not disclosed.
2 for3 againstAppointment of Mr. Rajan Singh (DIN: 05339297) as a Non-Executive Independent Director of the Company, not liable to retire by rotation, to hold office for a period of five consecutive years effective from April 30, 2024.MoreLess
5 for0 againstMaterial Related Party Transactions with Tips Films Limited for an aggregate value of up to INR 40 Crores, provided that the said transaction(s)/ Contract(s)/ Arrangement(s)/ Agreement(s) shall be carried out in the ordinary course of business and at arm’s length basis during financial year 2024 - 25.MoreLess
5 for0 against- To appoint a Director in place of Mr. Kumar S. Taurani (DIN: 00555831), who retires by rotation and being eligible, offers himself for re-appointment.
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 203(3) of the Companies Act, 2013, Holding two full time positions in the Companies which do not share holding and subsidiary relationship. Governance concern: Mr. Kumar S. Taurani holds combined position of Chairman and Managing Director.
2 for3 against - To change the name of the Company from Tips Industries Limited to Tips Music Limited.5 for0 against
To confirm the payment of first interim dividend of INR 1 (100%) per equity share, second interim dividend of INR 2 (200%) per equity share and third interim dividend of INR 3 (300%) per equity share, i.e. aggregating to a sum of INR 6 (600%) per equity share of face value of INR 1 each fully paid up for the financial year 2023 - 24.MoreLess
5 for0 against- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.5 for0 against
Mutual fund votes, meeting of 25 Jul 2024, 1 fund house
1. Ordinary Resolution:Adoption ofAudited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon. 2. Ordinary Resolution: Confirmation the payment of three interim dividends for the financial year ended March 31, 2024. 3. Ordinary Resolution: Re-appointment of Mr. Kumar S. Taurani (DIN: 00555831), who retires by rotation and being eligible, offers himself for re-appointment. 4. Ordinary Resolution:Appointment of M/s. MSKA and Associates, Chartered Accountants, (Firm Registration No. 105047W) as StatutoryAuditors of the Company and fix their remuneration. 5. Ordinary Resolution:Approval of Material Related Party Transactions with Tips Films Limited. 6. Special Resolution:Appointment of Mr. Rajan Singh (DIN: 05339297) as a Non-Executive Independent Director of the Company. 7. Special Resolution:Approval for Change in name of the Company and subsequent amendment in the Memorandum ofAssociation and Article ofAssociation of the Company.MoreLess
1 for0 against
Mutual fund votes, meeting of 4 Apr 2024, 5 fund houses
- 1) Approval for Buyback of Equity Shares of the Company.1 for0 against
Approval for buyback by the Company of up to 5,95,000 fully paid-up equity shares of face value of Rs.1 each of the Company (Equity Shares) representing up to 0.46% of the total issued and paid-up equity share capital of the Company at a price of Rs.625 per equity share (Buyback Price) payable in cash for an aggregate amount of up to Rs.37,18,75,000 (Buyback Size), which is 24.89% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited interim condensed financial statements of the Company for the nine months period ended December 31, 2023.MoreLess
4 for0 against
Mutual fund votes, meeting of 10 Aug 2023, 2 fund houses
- To appoint a director in place of Mr. Ramesh Taurani (DIN: 00010130), who retires by rotation and being eligible, offers himself for re-appointment.2 for0 against
- To declare dividend on equity shares for the financial year ended March 31, 2023.2 for0 against
To enter into, contract(s)/ arrangement(s)/ transaction(s) (whether by way of an individual transaction or transactions taken together or series of transactions or otherwise) with Tips Films Limited for the Financial Year 2023-24, for an aggregate value of up to Rs. 30 Crores, subject to such contract(s)/ arrangement(s)/ transaction(s) being carried out at arm’s length and in the ordinary course of business of the Company.MoreLess
2 for0 against- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.