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.
Looks Health Services Ltd (BSE Scrip: 534422) has disclosed a promoter group share sale under SEBI SAST Regulations. Maxgainz Finserve Pvt Ltd, a promoter group entity, sold 50,000 equity shares (0.48% of paid-up capital) in the open market on June 19, 2025. The promoter group's voting stake in the company declined from 16.40% (17,21,667 shares) to 15.92% (16,71,667 shares) post the transaction. The total equity share capital of the company stands at 1,05,00,000 shares of face value Rs. 10 each. The filing is signed by Pritesh Doshi (DIN: 05155318), Authorized Signatory of Maxgainz Finserve Pvt Ltd.
This is a small, incremental promoter group offload and is unlikely to materially impact share price or change control of the company. Retail investors may view it as routine promoter rebalancing rather than a signal of any negative intent, since the post-sale holding remains comfortably below any takeover-trigger threshold.