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Karvy Investors Can File Claims up to 31st March: SEBI
Moneylife Digital Team 10 December 2025
Investor Interest
Securities and Exchange Board of India (SEBI) has once again extended the deadline for investors to file their claims in the long-running matter of Karvy Stock Broking Ltd (KSBL), giving affected investors until 31 March 2026 to submit their cases before the National Stock Exchange (NSE). This latest extension follows SEBI's earlier press release dated 16 May 2025 which urged investors to lodge their claims before the initial cut-off date of 2 June 2025.
 
Following a substantial rise in claim submissions after its awareness initiatives, SEBI shifted the deadline to 31 December 2025. With many more investors continuing to come forward, SEBI has now extended the timeline further, emphasising that investor protection cannot be compromised due to procedural delays.
 
KSBL was declared a defaulter by NSE on 23 November 2020 after large-scale misuse of client securities, pledging of investor shares without consent and diversion of funds came to light. The declaration triggered the exchange’s mechanism for inviting claims from all affected investors.
 
The original deadline for submitting these claims was set for 2 June 2025. SEBI then issued reminders, urging impacted customers to file their claims promptly and avoid waiting until the last moment. This led to increased investor participation, setting the stage for subsequent extensions.
 
Moneylife has been closely tracking the developments in the Karvy saga from the beginning. 
 
In May 2025, we reported SEBI’s final call to investors before the 2nd June deadline in the article titled “SEBI Urges Karvy Investors To Submit Claims before 2nd June Deadline.”
 
Later, in August 2025, Moneylife covered SEBI’s first extension of the deadline till 31 December 2025 in the article “Karvy Investors Can Now Submit Claims till 31st December as SEBI Extends Deadline.”
 
These earlier stories offer essential context and document the regulatory timeline step-by-step, illustrating how the claim process evolved and why repeated extensions became necessary as more investors came forward.
 
Many investors faced documentation issues or were unaware of deadlines and SEBI noted that a large number began filing claims only after wider awareness was created.
 
Investors who have not yet submitted their claims are strongly advised to do so before the new deadline of 31 March 2026. They should prepare all relevant supporting documents, including demat statements and transaction records, and submit their claims directly to NSE. 
 
For more background and detailed investigations, readers can explore Moneylife’s extensive coverage of the Karvy Stock Broking Ltd cases at: https://www.moneylife.in/tags/karvy.html
 
Comments
georgecheriyank
3 months ago
SEBI just want to buy time. It doesn't have any intention of giving back the illegally pledged shares to affected investors. The crooked SAT has ruled in favour of private banks that colluded with Karvy's Parthasarathy who made a killing by buying real estate in Amravati in Andhra Pradesh. He doesn't mind sitting in jail because the family has made a fortune amounting to billions of dollars. In the meantime, the SEBI has given greenlight to NSE to go public despite knowing its complicity in Karvy scam. The whole system is rigged and small investors are permanently doomed. Politicians like Rahul Gandhi raises silly issues in parliament but not matters that concerns common public.
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