Your KSBL( Karvy Stock Broking Ltd) Recovery Awaits: File Claims Now to Secure Your Investment

Investors affected by the Karvy Stock Broking Ltd (KSBL) default are being urged to act swiftly, as the Securities and Exchange Board of India (SEBI) has set a final deadline of June 2, 2025, for filing compensation claims. With time running out, authorities are emphasizing the urgency to ensure no eligible investor misses their chance for recovery.

 

Key Highlights:

 

Final Call for Claims: SEBI and the National Stock Exchange (NSE) have reiterated that all KSBL investors must submit their claims by June 2, 2025. After this date, no further claims will be entertained, making it crucial for affected individuals to act immediately.

 

Support and Guidance: Investors can seek assistance for filing claims by contacting NSE’s toll-free helpline (1800 266 0050, IVR option 5) or emailing [email protected]. Webinars and support groups have also been organized to guide investors through the documentation and eligibility process.

 

Background: KSBL was declared a defaulter in November 2020 after a major scam involving the misappropriation of client funds and pledging of client securities without consent. SEBI has barred KSBL and its CMD from the securities market for seven years and imposed a ₹21 crore penalty.

 

Mixed Experiences: While some investors have received compensation from NSE’s Investor Protection Fund within weeks of submitting complete documentation, others still await resolution or face claim rejections due to documentation issues or ineligible holdings.

 

Investor Stories: Many investors, including retirees and families, continue to struggle with delayed settlements and financial uncertainty, underscoring the importance of timely and accurate claim submissions.

 

Act now to secure your rightful compensation before the June 2 deadline passes.

 

Source: Business Standard, Moneylife, The Week