Intimation of submission of Application for Reclassification under Regulation 31(A) of SEBI (LODR) Regulations 2015
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Looks Health Services Ltd has applied to BSE for reclassifying Mr. Pritesh Doshi and Maxgainz Finserve Private Limited from the 'Promoter Group' to the 'Public' category of shareholders under Regulation 31A of SEBI (LODR) Regulations, 2015. The Board of Directors approved this reclassification at their meeting held on December 01, 2025, following a request letter from the two promoters dated November 20, 2025. The formal application to BSE was submitted on December 03, 2025.
If approved by BSE, the company's promoter shareholding will reduce as two promoter-group members move to the public category, which could improve public float and trading liquidity but also signal that key insiders no longer identify as promoters of the company.