The Securities and Exchange Board of India (SEBI) on April 07, 2026, issued a circular regarding relaxation from the applicability of SEBI Master Circular for compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on non-compliance with the Minimum Public Shareholding (MPS) requirements.
The following has been stated: -
•Securities and Exchange Board of India has granted a one-time relaxation on penal provisions related to Minimum Public Shareholding (MPS) compliance.
•The relaxation applies to listed entities whose MPS compliance deadline falls between April 01, 2026, and September 30, 2026.
•Stock exchanges and depositories are instructed not to take penal actions (like fines or promoter share freezing) during this period.
•Any penal actions already initiated from April 01, 2026, to date must be withdrawn.
•The circular is effective immediately, and exchanges must inform entities and update relevant rules if required.
[Circular No.: HO/49/14/14(13)2026-CFD-POD2/ I/8772/2026]
