SEBI urges affected investors to act before June 2 to avoid missing compensation window
Mumbai, May 16, 2025 — The Securities and Exchange Board of India (SEBI) has issued a final reminder to investors to file their claims against Karvy Stock Broking Limited before the rapidly approaching deadline of June 2, 2025. The warning comes nearly five years after the brokerage was declared a defaulter by the National Stock Exchange (NSE).
Karvy Stock Broking Ltd., once a prominent player in the securities market, was expelled from the NSE on November 23, 2020 for serious regulatory violations. Following this, the exchange opened a window for investors to submit claims for dues or losses incurred due to the broker’s default.
In a press release issued on Friday, SEBI emphasized that time is running out for those who have yet to come forward.
Karvy’s case was one of the most high-profile broker defaults in recent years, with allegations of misuse of client securities and non-compliance with regulatory frameworks. The fallout affected thousands of retail investors and prompted regulatory tightening around broker oversight.
SEBI has reiterated that the process for claim submission remains open and accessible. Investors facing issues or needing assistance can contact the NSE directly via phone or email.
With less than a month remaining, this is likely the final opportunity for impacted clients to stake their claims. SEBI's call is clear: act now or risk losing your rightful compensation.
Mumbai, May 16, 2025 — The Securities and Exchange Board of India (SEBI) has issued a final reminder to investors to file their claims against Karvy Stock Broking Limited before the rapidly approaching deadline of June 2, 2025. The warning comes nearly five years after the brokerage was declared a defaulter by the National Stock Exchange (NSE).
Karvy Stock Broking Ltd., once a prominent player in the securities market, was expelled from the NSE on November 23, 2020 for serious regulatory violations. Following this, the exchange opened a window for investors to submit claims for dues or losses incurred due to the broker’s default.
In a press release issued on Friday, SEBI emphasized that time is running out for those who have yet to come forward.
“Investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already,” SEBI said.
What Investors Need to Know
| Details | Information |
|---|---|
| Defaulter | Karvy Stock Broking Ltd. |
| Declared Defaulter On | November 23, 2020 |
| Final Claim Deadline | June 2, 2025 |
| Who Can File a Claim | Investors affected by Karvy’s default |
| How to File a Claim | Call or Email NSE |
| NSE Toll-Free Number | 1800 266 0050 (Select IVR option 5) |
| Email for Queries/Claims | [email protected] |
A Last Chance for Compensation
The SEBI release serves as a critical wake-up call for any remaining investors who may still be entitled to compensation. Missing the June 2 deadline could mean losing the right to recover investments impacted by Karvy's misconduct.Karvy’s case was one of the most high-profile broker defaults in recent years, with allegations of misuse of client securities and non-compliance with regulatory frameworks. The fallout affected thousands of retail investors and prompted regulatory tightening around broker oversight.
SEBI has reiterated that the process for claim submission remains open and accessible. Investors facing issues or needing assistance can contact the NSE directly via phone or email.
With less than a month remaining, this is likely the final opportunity for impacted clients to stake their claims. SEBI's call is clear: act now or risk losing your rightful compensation.
