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 promoter group entity of Looks Health Services Limited, sold 51,931 shares (0.49% of total share capital) through open market on September 8, 2025. Before the sale, Maxgainz Finserve held 12,54,074 shares (11.94%), which has now come down to 12,02,143 shares (11.45%) after the transaction. The total equity capital of the company stands at Rs. 10.5 crore, comprising 1,05,00,000 equity shares of Rs. 10 face value. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations.
A small promoter group offload of under 0.5% is unlikely to materially affect stock price or control. Post-sale, the promoter entity continues to hold 11.45% in the company, indicating no significant shift in promoter commitment.