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 Limited, sold 50,000 equity shares (0.48% of paid-up capital) in the open market on December 16, 2025. Before the sale, the entity held 8,66,944 shares (8.26%); after the sale, its holding stands at 8,16,944 shares (7.78%). The total share capital of the company remained unchanged at ₹10.50 crore, comprising 1.05 crore equity shares of ₹10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which governs changes in shareholding by promoters.
This is a small open-market sale by a promoter-group entity, reducing their stake from 8.26% to 7.78%. While the quantum is modest (under 1%), it signals mild promoter profit-taking or rebalancing and may be viewed neutrally to slightly negative by retail investors watching promoter intent.