Looks Health Services Sees Multiple Senior Resignations and Promoter Reclassification

Looks Health Services Limited has announced significant changes in its leadership and promoter structure. The company's board has approved several key resignations and a request for promoter reclassification.

Senior Leadership Resignations

The board has approved the resignations of:

Pritesh Doshi - Whole Time Director
Sejal Hitesh Jain - Independent Director
Milinath Gavas - Chief Financial Officer

Promoter Reclassification

In addition to the resignations, the company has approved the reclassification of two promoters from the 'promoter' category to the 'public' category:

Pritesh Doshi
Maxgainz Finserve Private Limited

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

Key Details of the Reclassification Requests

Applicant	Current Shareholding	Current Category	Requested Category
Pritesh Doshi	22,500 equity shares	Promoter	Public
Maxgainz Finserve Private Limited	966,944 equity shares	Promoter	Public

Reasons for Reclassification

Both Pritesh Doshi and Maxgainz Finserve Private Limited have stated that they:

No longer have any direct or indirect connection with the company's activities
Do not exercise control over the company's affairs or decision-making processes
Have no impact on decisions taken by the company

Compliance with SEBI Regulations

The applicants have provided undertakings in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They have confirmed that:

They do not hold more than 10% of the total voting rights in the company
They do not exercise control over the company's affairs, directly or indirectly
They do not have any special rights through formal or informal arrangements
They are not represented on the Board of Directors
They do not act as Key Managerial Persons in the company
They are not willful defaulters as per RBI guidelines
They are not fugitive economic offenders

Commitments from the Applicants

The applicants have committed to:

Comply with the conditions mentioned in Regulation 31A(3) of SEBI (LODR) Regulations, 2015 at all times from the date of reclassification
Adhere to specific conditions for a period of not less than three years from the date of reclassification

Next Steps

The Board of Directors of Looks Health Services Limited will need to:

Consider and approve the reclassification requests
Place the matter before the company's members, if required
Make the necessary application to the Stock Exchange in accordance with SEBI regulations

These changes, including the senior resignations and potential promoter reclassification, may significantly impact the company's leadership structure and shareholding pattern. Investors and stakeholders should closely monitor further announcements from Looks Health Services Limited regarding these developments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.78%	-5.19%	-19.33%	-20.50%	-24.71%	+134.15%

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:

Position	Name	Reason for Resignation
Whole Time Director	Pritesh Doshi	Preoccupation
Independent Director	Sejal Hitesh Jain	Personal circumstances
Chief Financial Officer	Milinath Gavas	Better career opportunities

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.