Approaching Deadline for filing claims in the matter of Karvy Stock Broking Limited

## Report on Approaching Deadline for Filing Claims Against Karvy Stock Broking Limited **1. Executive Summary:** This report analyzes a public notice (PR No.262025) regarding the approaching deadline for filing claims against Karvy Stock Broking Limited (KSBL), which was declared a defaulter by NSE on November 23, 2020. The core purpose is to inform investors of the impending deadline of June 02, 2025, and urge them to file their claims promptly if they have not already done so. The key finding is the emphasis on the time-sensitive nature of claim submissions to the NSE. **2. Introduction:** This report aims to provide a comprehensive overview of Public Notice No. 262025 concerning the deadline for investors to file claims against the default broker, Karvy Stock Broking Limited (KSBL). The analysis is based solely on the information provided within the notice itself. **3. Policy Overview:** This is not an amendment to an existing policy, but rather a public notice regarding a specific deadline related to existing NSE byelaws, rules, and regulations concerning claims against a default broker. The core objective, as inferred from the text, is to: * Inform investors about the approaching deadline for submitting claims against KSBL. * Urge investors to submit their claims before the deadline to ensure their consideration. **4. Background and Rationale:** This is a new announcement. The policy addresses the issue of KSBL being declared a defaulter by NSE. The likely problem this announcement addresses is the potential for investors to miss the deadline for submitting their claims, potentially losing their opportunity to seek compensation. The announcement aims to mitigate this risk by creating awareness and prompting action. **5. Key Provisions / Changes:** As this is a new announcement of a deadline, the key provision is the establishment of the deadline itself. * **Deadline:** The deadline for submitting investors' claims against the default broker, Karvy Stock Broking Ltd., is **June 02, 2025**. * The announcement emphasizes the importance of adhering to this deadline. * Investors are urged to file their claims before the deadline if they haven't already. **6. Target Audience and Stakeholders:** The primary target audience and stakeholders are: * Investors who have claims against Karvy Stock Broking Limited (KSBL). * Potentially, NSE members who may receive and process these claims. **7. Implementation Aspects (Inferred):** Based on the text, the following implementation aspects can be inferred: * **Responsible agency/bodies:** The National Stock Exchange (NSE) is the responsible body for receiving and processing claims, as implied by the provided contact information. * **Timelines:** The critical timeline is the deadline of June 02, 2025, for submitting claims. * **Procedures:** Investors are directed to contact NSE via a toll-free number and IVR option or via email for any queries related to the claim submission process. While the specific procedures for submitting claims are not detailed in this announcement, investors are directed to NSE for further information. **8. Expected Outcomes / Impact of Changes:** The likely intended outcomes of this announcement are: * Increased awareness among investors regarding the approaching deadline. * A surge in claim submissions before the deadline. * A more efficient and orderly claim settlement process due to timely submissions. * Reduced potential for investor grievances due to missed deadlines. **9. Conclusion:** Public Notice No. 262025 serves as a critical reminder for investors with claims against Karvy Stock Broking Limited (KSBL) to submit their claims to the NSE before the deadline of June 02, 2025. The announcement emphasizes the importance of timely action and provides contact information for investors seeking assistance. Adherence to this deadline is crucial for investors to potentially recover losses incurred due to the KSBL default.

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