SEBI vide circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/81 dated 14.05.2020 relaxed listed entities for whom the deadline to comply with MPS (Minimum Public Shareholding) requirements falls between the period from March 1, 2020 to August 31, 2020. Recognized Stock Exchanges are advised not to take any penal action as envisaged in the October 10, 2017 circular against such entities in case of non-compliance during the said period.
Penal actions, if any, initiated by Stock Exchanges from March 1, 2020 till date for non-compliance of MPS requirements by such listed entities may be withdrawn.
Kindly refer to the link for SEBI Circular