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 Private Limited, part of the promoter group of Looks Health Services Limited, sold 50,000 equity shares (0.48% of the company's share capital) through the open market on December 17, 2025. Following this sale, the entity's holding in Looks Health Services has come down from 8,16,944 shares (7.78%) to 7,66,944 shares (7.30%). The total share capital of the company remains unchanged at Rs. 10.5 crore, comprising 1.05 crore equity shares of Rs. 10 face value. The disclosure has been filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, which is mandatory for reporting changes in holding by promoter group members. No encumbrances or pledged shares are involved in this transaction.
This is a relatively small sale (0.48%) by a promoter group entity, but it signals a mild trimming of promoter stake. Retail investors may view this as a minor negative sentiment signal, though it does not materially alter the company's promoter ownership profile.