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.

Looks Health Services Limited , a healthcare company listed on the Bombay Stock Exchange (BSE: 534422), has announced significant changes in its leadership team. The company disclosed that three key officials have simultaneously tendered their resignations, effective November 19, 2025.

Leadership Departures

The company has reported the following resignations:

Details of Resignations

Pritesh Doshi

Pritesh Doshi (DIN: 05155318), serving as the Whole Time Director, has stepped down citing preoccupation. In his resignation letter, Doshi stated that he is unable to devote time to the company's business due to other commitments.

Sejal Hitesh Jain

Sejal Hitesh Jain (DIN: 09092276), an Independent Director, has resigned due to personal reasons. Jain mentioned in her letter that she is no longer able to dedicate time to the company's affairs due to personal circumstances.

Milinath Gavas

Milinath Gavas, the Chief Financial Officer and Key Managerial Personnel, has resigned to pursue better career opportunities. Gavas expressed gratitude for the experience gained during his tenure with the company.

Implications and Next Steps

The simultaneous departure of these key officials may pose challenges for Looks Health Services Limited in the short term. The company has not yet announced any immediate replacements for these positions.

As per regulatory requirements, Looks Health Services Limited has informed the BSE about these changes in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's Managing Director, Monika Joshi, has acknowledged and accepted these resignations. Looks Health Services Limited will need to initiate the process of finding suitable replacements to ensure continuity in its operations and compliance with regulatory requirements.