The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Maxgainz Finserve Pvt Ltd
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Maxgainz Finserve Pvt Ltd, which belongs to the promoter/promoter group of Looks Health Services Ltd, has sold 50,000 equity shares (0.48% of total share capital) via the open market on December 2, 2025. Following this sale, the promoter group's holding in the company has reduced from 9,16,944 shares (8.73%) to 8,66,944 shares (8.26%). The total equity share capital of the company remains unchanged at Rs. 10.50 crore (1.05 crore shares of Rs. 10 each).
This is a small open-market sale by a promoter-group entity, reducing promoter holding by less than 1%. While the quantum is modest and does not trigger any takeover-related concern, it may be mildly negative sentiment-wise as it signals a promoter-group entity trimming its stake in the company.