Looks Health Services Limited has received regulatory approval from BSE Limited for the reclassification of two promoters under SEBI regulations. The company announced on January 21, 2026, that it has obtained a no-objection certificate from the stock exchange for reclassifying certain promoters from the promoter group to the public category.

Regulatory Approval Details

The BSE Limited issued its no-objection certificate on January 20, 2026, under reference number LIST/COMP/KR/681/2025-26. This approval is granted under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the reclassification of promoters and promoter groups.

Promoters Subject to Reclassification

The reclassification approval covers two entities currently part of the promoter group:

Once the reclassification is completed, these entities will be categorized under the public category and will no longer form part of the promoter and promoter group structure.

Application Timeline and Process

The company had initially submitted its application for promoter reclassification to BSE on December 03, 2025. The exchange processed the request and granted its no-objection after reviewing the submissions made by the listed entity. The approval process took approximately six weeks from application to certificate issuance.

Compliance Requirements

The reclassification remains subject to approval from members in their meeting. Additionally, BSE has mandated that Looks Health Services Limited must ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

Corporate Communication

The announcement was signed by Monika Joshi, Whole Time Director of Looks Health Services Limited, with DIN: 10652494. The BSE's no-objection certificate was issued by Jayshree Soni, Deputy Vice President of Listing Compliance, and K. N. Rathi, Deputy Manager of Listing Compliance at BSE Limited.

Looks Health Services Limited has witnessed a complete exit by promoter entity Maxgainz Finserve Private Limited, which disposed of its remaining shareholding through a final market transaction. The December 29 disposal marks the conclusion of the entity's systematic stake reduction strategy, bringing its shareholding to zero.

Complete Share Disposal Transaction

Maxgainz Finserve Private Limited has disclosed the disposal of its remaining shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a complete exit from the company's shareholding structure.

Complete Exit Details

The recent disposal has resulted in Maxgainz Finserve Private Limited's complete exit from Looks Health Services Limited. The entity's shareholding has been reduced to zero following this final transaction.

Company Capital Structure

Looks Health Services Limited maintains a stable capital structure with the total equity share capital remaining unchanged despite the promoter group's exit.

Regulatory Compliance Framework

The share disposal disclosure was executed by Pritesh Doshi, serving as the Authorized Signatory for Maxgainz Finserve Private Limited (DIN: 05155318). The transaction maintains full compliance with SEBI regulations regarding substantial acquisition and disposal of shares.

The complete exit of Maxgainz Finserve Private Limited from Looks Health Services Limited represents a significant change in the company's promoter group structure. The systematic disposal strategy has concluded with this final transaction, resulting in a complete divestment of the entity's shareholding position.