SEBI announces one time relaxation from the applicability of penal provisions under SEBI LODR for listed entities

The Securities and Exchange Board of India (“SEBI”) announces one time relaxation from the applicability of penal provisions under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) for listed entities whose due date for compliance with MPS requirements falls during the period from 1st April 2026 to 30th September 2026.

Key Highlights:

1. All recognised stock exchanges and depositories are advised not to take any penal action as envisaged under the Master Circular against such entities for non-compliance during the period from 1st April 2026 to 30th September 2026.     

2. Any penalties imposed by stock exchanges or depositories on listed entities for non-compliance with Minimum Public Shareholding (“MPS”) requirements from April 1, 2026 onwards will be revoked.

3. The circular is effective immediately from 7th April 2026.

Source: Securities and Exchange Board of India