Prakash Industries, which had been subject to trading restrictions after SEBI added the firm to its shell company list, is now seeing relief after SEBI revoked the status. Prakash, which has superstar investor Rakesh Jhunjhunwala holding a sizeable stake, had written a letter of protest to SEBI, pointing out its financials and order book history, after the action in August by the regulator. Jhunjhunwala also increased his stake in the company as per the September quarter filings. 

The company's share price is rising on the news of SEBI clearing the company's status.