Relaxation of Minimum Public Shareholding compliance shields listed entities from penal measures during the specified relief period. Recognized stock exchanges and depositories are directed not to initiate, and to withdraw any penal actions already initiated, for listed entities whose deadlines to meet Minimum Public Shareholding requirements fall within the prescribed relief window; exchanges must notify listed entities and publish the circular, which takes effect immediately as a regulatory relaxation under the Listing Obligations and Disclosure Requirements framework.
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Provisions expressly mentioned in the judgment/order text.
Relaxation of Minimum Public Shareholding compliance shields listed entities from penal measures during the specified relief period.
Recognized stock exchanges and depositories are directed not to initiate, and to withdraw any penal actions already initiated, for listed entities whose deadlines to meet Minimum Public Shareholding requirements fall within the prescribed relief window; exchanges must notify listed entities and publish the circular, which takes effect immediately as a regulatory relaxation under the Listing Obligations and Disclosure Requirements framework.
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