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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Awaiting price reaction for this filing.
Maxgainz Finserve Pvt Ltd, part of the promoter/promoter group of Looks Health Services Limited, sold 50,000 equity shares (0.48% of paid-up capital) in the open market on November 11, 2025. The sale reduced the entity's holding from 10,16,944 shares (9.68%) to 9,66,944 shares (9.21%). The total equity capital of the company remains unchanged at 1,05,00,000 shares of Rs. 10 face value. This disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, likely triggered because the holding crossed below the 10% substantial shareholder threshold.
The promoter group's stake has dropped marginally below the 10% mark, which is a mild negative signal as it suggests some promoter trimming. However, the size of the sale is very small (less than 0.5%) and unlikely to materially affect the stock price.