Description
SEBI extends deadline for investor claims against defaulter Karvy Stock Broking Limited from June 2, 2025 to December 31, 2025.
Summary
SEBI has extended the deadline for investors to file claims against Karvy Stock Broking Limited, which was declared a defaulter by NSE on November 23, 2020. The new deadline is December 31, 2025, extended from the previous deadline of June 2, 2025.
Key Points
- Karvy Stock Broking Ltd. declared defaulter by NSE on November 23, 2020
- Original claims deadline was June 2, 2025
- Extension granted based on investor response to SEBI’s May 16, 2025 press release
- New deadline: December 31, 2025
- Claims process follows NSE bye-laws, rules and regulations
Regulatory Changes
No new regulatory changes introduced. This is an administrative extension of existing claims process.
Compliance Requirements
- Affected investors must file claims before December 31, 2025
- Claims should be submitted if not already lodged
- Investors advised to contact NSE for queries
Important Dates
- November 23, 2020: Karvy Stock Broking Ltd. declared defaulter by NSE
- May 16, 2025: SEBI press release urging investors to file claims
- June 2, 2025: Original deadline (now extended)
- December 31, 2025: New extended deadline for filing claims
Impact Assessment
This extension provides additional time for investors affected by Karvy Stock Broking’s default to file their claims. The impact is positive for investor protection but limited to those specifically affected by this defaulter case. Investors should utilize the contact information provided (NSE toll-free: 1800 266 0050, option 5, or email: defaultisc@nse.co.in) for any queries.
Impact Justification
Important for affected investors but limited to specific defaulter case