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, sold 50,000 shares (0.48% of equity) through open market transactions on December 22, 2025. After this sale, its holding in the company dropped from 6,66,944 shares (6.35%) to 6,16,944 shares (5.88%). The company's total equity capital remains unchanged at 1,05,00,000 shares of face value Rs. 10 each. The filing is a standard SAST disclosure triggered because cumulative promoter-group sales in the financial year have crossed the 2% reporting threshold.
This is a small promoter-group trimming of stake via the open market, with no major threshold being breached. For shareholders, it is a mildly negative sentiment signal but unlikely to move the stock meaningfully given the modest 0.48% size of the sale.