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 , 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.