Minimum public shareholding relaxation suspends penal action for listed entities facing compliance deadlines during the specified period. One-time relaxation from penal provisions under the SEBI Master Circular is granted for listed entities that fail to meet minimum public shareholding requirements where the due date for compliance falls between 1 April 2026 and 30 September 2026. Recognised stock exchanges and depositories are directed not to initiate penal action, including levy of fines and freezing of promoter shareholding, and any penal action already initiated for non-compliance during that period may be withdrawn. The relaxation takes effect immediately, and stock exchanges must notify listed entities and implement necessary amendments.