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.

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.