SEBI has issued a notification extending the deadline for investors to file their claims in the default matter of Karvy Stock Broking Limited, which was declared a defaulter by NSE on November 23, 2020. Under NSE’s bye-laws and regulations, investors were originally required to submit their claims by June 02, 2025. After SEBI’s press release dated May 16, 2025 encouraged investors to come forward, the deadline was extended to December 31, 2025. Due to a substantial number of claims being filed following these awareness efforts, SEBI has now granted a further extension until March 31, 2026, giving investors additional time to submit pending claims. Investors who have not yet lodged their claims are strongly advised to do so before the final deadline. For assistance or clarifications, investors can contact NSE’s toll-free helpline or write to the designated default department email provided in the notification.
Securities and Exchange Board of India
PR No.81/2025
Extension of Deadline for filing claims in the matter of Karvy Stock Broking Limited
Karvy Stock Broking Ltd. was declared defaulter by NSE on November 23, 2020.
As per NSE bye-laws, rules and regulations, claims against the default broker, were invited from investors and deadline for submitting such investors’ claims was initially fixed as June 02, 2025.
Consequently, following the response to the SEBI press release dated May 16, 2025, which urged investors to lodge their claims, the deadline for filing claims with NSE was extended to December 31, 2025.
Given that considerable investors have lodged their claims pursuant to the awareness created and extension provided for inviting claims, it has been decided to further extend the deadline upto March 31, 2026. Investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already.
In case of any queries, investors may contact NSE on its toll free number -1800 266 0050 (Select IVR option 5) or write to defaultisc@nse.co.in
Mumbai
December 09, 2025
