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, a member of the promoter/promoter group of Looks Health Services Ltd, sold 2,66,944 equity shares (2.54% of total share capital) in the open market on December 26, 2025. Prior to the sale, the entity held 4,16,944 shares (3.97%); after the sale, its holding stands reduced to 1,50,000 shares (1.43%). The total equity share capital of the company remains unchanged at Rs. 10.50 crore (105 lakh shares of Rs. 10 each). The transaction was carried out on BSE and disclosed under SEBI takeover regulations by Pritesh Doshi as authorized signatory.
Promoter-group selling 2.54% stake in the open market is generally a negative signal for retail investors, indicating reduced promoter confidence or a need to monetize holdings. The post-sale promoter holding drops to just 1.43%, which could weigh on short-term stock sentiment.