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 group of Looks Health Services Ltd, sold 50,000 equity shares (0.48% of total voting capital) through the open market on December 23, 2025. Before the sale, the entity held 6,16,944 shares (5.88%), which has now come down to 5,66,944 shares (5.40%). The shares were sold on BSE, and the total equity capital of the company remains unchanged at 1,05,00,000 shares of Rs. 10 each. The filing is a routine SAST disclosure made because the promoter group entity has crossed the disclosure threshold for change in shareholding.
This is a small open-market sale by the promoter group, trimming their stake marginally from 5.88% to 5.40%. For retail investors, it indicates mild promoter selling but the quantum (0.48%) is small and unlikely to materially affect the stock price.