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, part of the promoter/promoter group of Looks Health Services Ltd, sold 49,471 equity shares (0.47% of the company's share capital) through open market transactions on June 6, 2025. Before the sale, the promoter entity held 17,71,138 shares (16.87%); after the sale, its holding stands at 17,21,667 shares (16.40%). The company has a total equity share capital of Rs. 10.50 crore divided into 1.05 crore shares of Rs. 10 each. The disposal was reported to BSE under the SEBI Takeover Regulations disclosure norms.
This is a small stake reduction by a promoter group entity and is unlikely to materially affect stock price or control dynamics, as the promoter holding remains comfortably above regulatory disclosure thresholds. Shareholders should note that promoter stake is below 50%, meaning the company is not promoter-controlled by voting majority.