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, a member of the promoter/promoter group of Looks Health Services Limited, sold 43,535 equity shares (0.42% of total share capital) in the open market on September 15, 2025. Before the sale, the entity held 12,02,143 shares (11.45%), which has now reduced to 11,58,608 shares (11.03%) post-transaction. The total equity share capital of the company remains unchanged at Rs. 10.50 crore, comprising 1,05,00,000 shares of Rs. 10 each. The filing was submitted by Pritesh Doshi, Authorized Signatory, disclosing the disposal in compliance with SEBI takeover regulations.
This is a small open-market sale (0.42%) by a promoter group entity, slightly trimming their stake from 11.45% to 11.03%. For retail investors, this is a minor, routine reduction and not a major red flag, though it may be worth watching if further sales follow.