TIPS MUSIC LIMITED — Capital/Financing Update 2021

Jun 7, 2021

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June 7, 2021

To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited P.J Towers, Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400 050 Scrip Code: 532375 Symbol: TIPSINDLTD Dear Sir/Madam,

Sub: Closure of Credit facility with Bank of Baroda.

We would like to inform you that due to the strong liquidity position enjoyed by the Company, its unutilized line of Credit with Bank of Baroda has been closed with immediate effect. The Company continues to remain debt free.

The Company has no exposure to any Term Loan/ Working Capital Loan with any Banking Institution.

This information is provided for dissemination to all shareholders and may please be taken on records and published for.

Thanking You,

For Tips Industries Limited

PATEL Digitally signed by PATEL BIJAL BIJAL RAMJIBHAI RAMJIBHAI Date: 2021.06.07 11:50:49 +05'30'

Bijal R. Patel Company Secretary

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