Tips Music Limited has informed stock exchanges about an ongoing GST inspection and search operation at its Account Office in Mumbai, marking a significant regulatory development for the entertainment company. The operation was initiated by the Goods & Service Tax Department, Mumbai, Maharashtra, and has been underway since February 17, 2026.

Regulatory Disclosure Details

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tips Music submitted its intimation to both BSE Limited and National Stock Exchange of India Limited on February 18, 2026. The disclosure outlined the scope and current status of the GST department's activities.

Company Response and Cooperation

Tips Music emphasized its full cooperation with the GST Department personnel throughout the operation. The company is actively collating information and preparing responses to all queries raised by the tax authorities. According to the disclosure, the final report relating to the search and seizure operation will be concluded following established procedures.

Company Secretary Bijal R. Patel signed the regulatory filing, confirming the company's commitment to transparency and compliance with disclosure requirements. The document was digitally signed on February 18, 2026.

Business Continuity Assurance

Despite the ongoing inspection, Tips Music assured stakeholders that its business operations continue as usual. The company maintains its regular operational activities while simultaneously addressing the requirements of the GST investigation.

The entertainment company has committed to providing updates on any material developments arising from the operation once it reaches completion. This approach ensures continued transparency with investors and regulatory authorities throughout the process.

Corporate Information

Tips Music Limited, formerly known as Tips Industries Limited, operates from its office at 601, Durga Chambers, 6th Floor, Linking Road, Khar (West), Mumbai. The company is incorporated under CIN L92120MH1996PLC099359 and trades on stock exchanges under the symbol TIPSMUSIC on NSE and scrip code 532375 on BSE.

Tips Films Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing mixed performance with revenue growth but continued losses. The Mumbai-based film production and distribution company reported these results following a Board meeting held on January 27, 2026.

Financial Performance Overview

The company's quarterly performance showed significant revenue improvement alongside persistent losses. Net sales from operations reached ₹406.45 lacs in Q3 FY26, marking a substantial increase from ₹88.06 lacs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Tips Films demonstrated remarkable revenue growth while maintaining relatively stable loss levels. The company's net sales surged to ₹15,591.57 lacs from ₹1,367.24 lacs in the previous year.

Cost Structure and Operational Expenses

The company's expense profile reflected the nature of its film production business. Cost of production of films constituted the largest expense component at ₹318.48 lacs for the quarter, compared to ₹36.87 lacs in the previous year. Employee benefits expenses increased to ₹178.06 lacs from ₹105.54 lacs, partly due to the implementation of New Labour Codes effective November 21, 2025, which resulted in an additional ₹37.37 lacs provision.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) reflected the operational losses, with basic and diluted EPS at ₹(6.64) for Q3 FY26 compared to ₹(5.62) in the corresponding previous quarter. The paid-up equity share capital remained stable at ₹43.23 lacs, consisting of shares with a face value of ₹10 each.

Regulatory Compliance and Business Notes

Tips Films operates as a single reportable business segment focused on film production and distribution. The company emphasized that due to the nature of the film business, revenues do not accrue evenly throughout the year, making quarterly comparisons less representative of annual performance. The results were prepared in accordance with Indian Accounting Standards and received an unqualified review opinion from statutory auditors Maheshwari & Co.