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 the completion of Pritesh Doshi's share divestment following his recent resignation as Whole Time Director. The company has experienced significant leadership changes and promoter restructuring in recent developments.

Share Sale Completion

Pritesh Doshi has completed the sale of his entire shareholding in the company through open market transactions on December 30, 2025. The transaction details are as follows:

Senior Leadership Resignations

The board has approved the resignations of:

1. Pritesh Doshi - Whole Time Director
2. Sejal Hitesh Jain - Independent Director
3. Milinath Gavas - Chief Financial Officer

Promoter Reclassification Status

The company has approved the reclassification of two promoters from the 'promoter' category to the 'public' category:

This reclassification is subject to approval from the stock exchange and consent from the company's members.

Regulatory Compliance

The share sale disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both Pritesh Doshi and Maxgainz Finserve Private Limited have provided undertakings in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Structure

The company's equity structure remains unchanged with total share capital of ₹10.50 crores comprising 1.05 crore equity shares of face value ₹10 each. These developments mark a significant transition in the company's promoter structure and leadership composition.