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 group of Looks Health Services Limited, sold 50,000 equity shares (0.48% of total share capital) in the open market on November 10, 2025. As a result, the promoter's stake in the company decreased from 10.16% (10,66,944 shares) to 9.68% (10,16,944 shares). The total share capital of the company remained unchanged at Rs. 10.50 crore comprising 1,05,00,000 equity shares of Rs. 10 each. The shares were sold through open market transactions, and no encumbered shares were involved.
This is a minor stake reduction by a promoter-group entity. While the size of the sale is small (less than 0.5%), the promoter's holding has now slipped below the 10% mark, which means future sales or acquisitions by them will need to be tracked more closely. For retail investors, this is a mild negative signal as it indicates the promoter group is trimming its stake, though the quantum is not large enough to materially affect shareholding stability.